VRIFY, a Vancouver, BC, Canada-based technology company combining AI with industry expertise for minerals exploration, raised $12.5M in Series B funding.
The round was led by LGVP, with participation from Series A funders RCF Innovation and Beedie Capital.
The company intends to use the funds to accelerate industry-wide adoption of its platform.
Led by CEO and Founder Steve de Jong, VRIFY improves mineral exploration using DORA, an AI-assisted mineral discovery platform that helps mining companies more effectively predict mineral deposits, assess exploration potential, communicate project value to investors, and secure investment. The company partners with nearly 200 companies across 70 countries, including 26 early-adopter clients. It has a team of over 100 geoscientists, data scientists, developers, and industry professionals.
FinSMEs
28/02/2025