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Verses AI Inc N.VERS

Alternate Symbol(s):  VRSSF | N.VERS.WT.A | N.VERS.WT.B

VERSES AI Inc. is a Canada-based cognitive computing company specializing in intelligence software systems. The Company is primarily focused on developing an intelligence-as-a-service smart software platform, Genius, through its subsidiary VERSES Technologies USA Inc. (VTU). Its flagship product, Genius, is a toolkit for developers to generate intelligent software agents that enhance existing applications with the ability to reason, plan, and learn. The Genius allows developers to generate world models and intelligent agents that enable optimal and hyper-personalized predictions, recommendations, and automations. The Genius is a world model that stores knowledge in a multidimensional probabilistic vector-graph representation that factors uncertainty into predictions. It generates an ecosystem of many specialized autonomous intelligent agents, each having a shareable world model (like a mental model), that optimize for certainty while seeking balance in the system overall.


NEO:VERS - Post by User

Post by StockHawk1on Aug 18, 2022 9:51am
103 Views
Post# 34904489

VERS closes 2nd tranche of PP for almost $5.5M

VERS closes 2nd tranche of PP for almost $5.5M
VERS.n just announced that it has completed the second tranche of its non-brokered private placement for gross proceeds of $5,497,000.
 
VERS sold 5,497,000 Units (containing 1 share and 1 half purchase warrant) at a price of $1.00/Unit. 
 
The aggregate gross proceeds raised by the first and second tranches are $10,737,000.
 
Insiders picked up 50,000 units in the second tranche, showing the company has strong internal confidence IMO.
 
VERSES also announced that it has increased the size of the Private Placement to up to 12.5M Units from up to $10M, for overall proceeds up to $12,500,000
 
I think this means that there will likely be a 3rd tranche happening soon. 
 
https://ca.finance.yahoo.com/news/verses-announces-closing-5-497-120000692.html
 
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