Round Type
Convertible Note
Culver CityInformation TechnologySoftwareArtificial IntelligenceMachine LearningNatural Language ProcessingDescription
VERSES Technologies Inc. (NEO:VERS) (OTCQX:VRSSF) ("VERSES'' or the "Company”), a cognitive computing company specializing in the next generation of Artificial Intelligence (AI) solutions, is pleased to announce that further to its news release dated February 27, 2023, and March 1, 2023 it has raised additional gross proceeds of C$1,903,436 under the second tranche of its non-brokered private placement (the “Private Placement”) of unsecured convertible debentures units of the Company (“Units”) comprised of Convertible Debentures (as defined herein) and Warrants (as defined herein) through the sale of unsecured convertible debentures of the Company ("Convertible Debentures") in the principal amount of C$1,903,436 and 664,860 detachable warrants (“Warrants”) to purchase Class A Subordinate Voting shares of the Company (“Shares”). Please see the Company’s news release dated February 27, 2023 for additional details regarding the terms of the Private Placement.
Quick answer
Verses Technologies raised an undisclosed amount in a Convertible Note round, dated March 22, 2023. Verses Technologies is based in Culver City, California, United States.
- How much did Verses Technologies raise?
- Verses Technologies raised an undisclosed amount in a Convertible Note round on March 22, 2023.
- What does Verses Technologies do?
- VERSES is a cognitive computing company specializing in next-generation Artificial Intelligence.
- Where is Verses Technologies based and how big is it?
- Verses Technologies is based in Culver City, California, United States. Fundz records about 152 employees.
- Who are the decision-makers at Verses Technologies?
- Fundz holds 2 contacts at Verses Technologies. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Natural Language Processing and Software around the same time
Companies in the same sectors as Verses Technologies that raised within 45 days of this round, from Fundz verified event records.
- Parloa raised $21M (Funding Round) on March 30, 2023.
- Seldon raised $24M (Series B) on March 16, 2023.
- Amelia raised $175M on March 7, 2023.
- Glider AI raised $10M (Series A) on March 7, 2023.
- Cranium Al raised $7M on March 6, 2023.
- EvolutionIQ raised an undisclosed amount (Series B) on February 28, 2023.
Who to call at Verses Technologies, and when
A new round usually means Verses Technologies is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Verses Technologies raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Verses Technologies, from your own LinkedIn network
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Fundz sees it the moment Verses Technologies raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Verses Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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