Following the extreme success of its second tranche of financing, VERSES Technologies (NEO: VERS) is upsizing its placement with the goal of raising up to $12.5 million. This second round of funding was completed in only 5 days, raising gross proceeds of ~$5.5 million. This tremendous amount of support for VERSES adds to my confidence in the companies AI contextual computing platform.
VERSES recently joined the Digital Twin Consortium, an international organization dedicated to creating collaborative partnerships between digital end users and experts working in industry, government, academia, and other tech sectors. As a member of the consortium, VERSES has the opportunity to collaborate with massive companies like Google, HSBC, Microsoft, Kaiser Permanent, and Esri across a range of industries.
With this recent development, and VERSES now cashed up to meet working capital requirements for the foreseeable future, I’m excited to see what the next developments for the company will be.
VERS.n shares are currently consolidating around $1 after running up more than 150% in July. VERS.n is currently trading at $.97, valued at $49.95 million.
https://ceo.ca/@globenewswire/verses-announces-closing-of-5497000-second-tranche