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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 waves1on Aug 18, 2022 10:20am
114 Views
Post# 34904587

VERS continues to impress w/ PP participation

VERS continues to impress w/ PP participation
After closing the first tranche of its PP 24 hours after announcing it, VERS has closed the second tranche for $5,497,000 and has upsized the PP to $12,500,000! 
 
The total aggregate gross proceeds from the first and second tranches are $10,737,000. Another 50,000 units were purchased by insiders for a total of 130,000 from both tranches. 
 
VERS is continuing to impress by attracting a significant level of participation, further validating its potential and providing a strong cash position as they focus on closing the 5 active pilot programs and converting them into 7-8 figure contracts.
 
https://financialpost.com/globe-newswire/verses-announces-closing-of-5497000-second-tranche-and-upsize-of-private-placement-to-c12500000
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