Genius: AI for finance
Summary
VERSES AI has arranged a private placement with institutional investors for gross proceeds of about CAD 14 million. The company will issue units that include common shares and warrants, subject to approval from Cboe Canada. It has also started a workforce reduction program that includes layoffs, furloughs, and executive salary deferrals. The company says these actions will strengthen liquidity, extend cash runway, and support commercialization of its Genius platform.
Funding
Amount
$10.0M
Total raised
Date
November 3, 2025
Announcement date
Investors
-
Lead investors
Company
https://www.verses.ai
Funded company
Classifications
industries
No industries detected
applications
AI & Machine learning
AskAI Classifications
Labels
No AI classifications detected