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VERSES® Closes Financing Arrangement with a Notional Value of CAD$14 Million and Receives First Tranche of CAD$700,000
Globenewswire· 2025-11-13 13:02
VANCOUVER, British Columbia, Nov. 13, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSF) (“VERSES” or the “Company”), a cognitive computing company pioneering next-generation agentic software systems, is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”) with Sorbie Bornholm LP (“Sorbie”). As part of the Offering, VERSES is expected to receive a notional amount of CAD$14,000,000 in exchange for the issuance of an aggregate of 2,66 ...
VERSES Announces Financing Agreement with a Notional Value of CAD$14 Million and Reduces Staff to Streamline Operations
Globenewswire· 2025-11-03 14:14
Funding and operational initiatives are intended to strengthen balance sheet and focus on high-growth prioritiesVANCOUVER, British Columbia, Nov. 03, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSF) (“VERSES” or the “Company”), a cognitive computing company pioneering next-generation agentic software systems, is pleased to announce that it has arranged a private placement with certain institutional investors (the “Private Placement”). Under the terms of the Private Placement, VERSES will ...
VERSES® Recognized in the 2025 Gartner® Emerging Tech Impact Radar: Spatial AI
Globenewswire· 2025-10-21 12:58
Core Insights - The report highlights that Spatial AI is enhancing AI's value by integrating 3D context with physics, driven by advancements in physical AI, reality capture, and spatial development frameworks [2] - VERSES AI Inc. has been recognized as a sample vendor in the 2025 Gartner Emerging Tech Impact Radar for its contributions to Spatial Computing and World Models [1][3] - The Spatial Web is described as a transformative shift that will monetize physical reality, creating a World Wide Web for the real world, but requires proper tools for effective implementation [2] Industry Trends - By 2035, it is projected that every autonomous system will incorporate a standardized Spatial AI layer, increasing from less than 1% in 2025 [4] - By 2028, five of the top 10 AI companies are expected to pivot towards specialized physical AI solutions, potentially sidelining digital-only competitors [4] Company Strategy - The company aims to accelerate leadership in spatial AI through active engagement in standardization efforts and focusing on high-value 'phygital' use cases [5] - The company plans to refine user interface design for proof-of-concept use cases that benefit from phygital interactions, such as product marketing and physical commerce [5] - The company is involved in the IEEE Spatial Web Working Group and intends to implement Spatial AI by supporting HSML and HSTP standards in its product, Genius [2][3]
VERSES® Welcomes Former Amazon Web Services (AWS) Executive David T. Scott to Board
Globenewswire· 2025-10-02 12:00
VANCOUVER, British Columbia, Oct. 02, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSF) (“VERSES” or the “Company”), a cognitive computing company specializing in next-generation agentic software systems, today announced the appointment of David T. Scott, former Head of Global Marketing Strategy, Analytics, and Operations at Amazon Web Services (AWS), to its board of directors (the “Board”). Mr. Scott succeeds G. Scott Paterson, who has stepped down from the Board effective September 30, 2 ...
VERSES® Expands Commercial Relationship with Major Global Investment Firm
Globenewswire· 2025-09-11 12:32
Core Insights - VERSES AI Inc. is expanding its relationship with a major global investment firm to enhance investment portfolio optimization using its Genius™ platform [1][2] - The project involves developing an active inference causal model of financial markets to improve asset allocation decisions, focusing on metrics like drawdown and volatility [2] - The expanded contract includes fixed milestone-based payments initially, with potential for outcome-based pricing in the future [2] Company Overview - VERSES AI Inc. specializes in cognitive computing and next-generation agentic software systems, with its flagship product Genius™ designed for reliable domain-specific predictions and decisions under uncertainty [4] - The company aims to create intelligent systems inspired by natural principles found in science, physics, and biology [4]
Global Payments Launches Genius™ in the UK
Businesswire· 2025-09-10 07:30
Group 1 - Global Payments Inc. has launched its Genius platform for quick service restaurant (QSR) and fast casual customers in the UK [1] - The Genius platform is designed for speed and scalability, integrating multiple features such as Point of Sale (POS), Kitchen, Back Office, Payments, Drive Through, and Digital Signage into one solution [1] - This launch aims to address the complex needs of quick service and fast casual restaurants [1]
VERSES® Receives Patent for Specifying Domain Models with Active Inference Agents
Globenewswire· 2025-08-25 12:40
Core Insights - VERSES AI Inc. has been issued a patent for a novel method and system that enables software agents to generate predictions and perform domain-specific tasks using natural language [2][3] Company Overview - VERSES is a cognitive computing company focused on developing next-generation agentic software systems inspired by natural principles [4] - The flagship product, Genius™, is designed to provide reliable domain-specific predictions and decisions under uncertainty [4] Patent Details - The patent titled "A Method and System for Specifying an Active Inference based agent using Natural Language" represents a significant advancement in the design of domain models [2] - The technology aims to make intelligent agents more powerful and accessible for enterprises [3]
VERSES® Unveils Robotics Architecture that Works Without Pre-Training
GlobeNewswire News Room· 2025-08-14 13:12
Core Viewpoint - VERSES AI Inc. has developed a robotics model that can perform household tasks without pre-training, achieving a success rate of 66.5%, surpassing the previous best of 54.7% [4][14]. Group 1: Robotics Model Capabilities - The VERSES robotics architecture can perform tasks such as tidying a room, preparing groceries, and setting a table more effectively than other models, without requiring pre-training [2][4]. - Current robotics systems are often inflexible and require extensive training data, making them costly and unreliable in dynamic environments [3][4]. - The VERSES model adapts to its environment quickly, overcoming challenges that typically hinder other robotics solutions [3][5]. Group 2: Comparison with Existing Technologies - The VERSES model achieved a success rate of 66.5% in three tasks compared to 54.7% for the leading deep learning alternative, which required 1.3 billion steps for pre-training [4][14][15]. - Existing robotics solutions often struggle with unexpected situations, leading to operational halts, while VERSES technology allows for adaptability without extensive prior training [11][12]. Group 3: Technological Innovation - VERSES technology equips robots with a world model, enabling them to execute tasks in various layouts without needing detailed instructions [12][13]. - The system consists of three modules that work together to adapt to unexpected objects and situations, enhancing operational reliability [13][17]. - The potential applications for VERSES technology span across industries, including factories, warehouses, and domestic environments, indicating a transformative impact on automation [5][15].
VERSES® Sponsors Leading Conference on Active Inference
Globenewswire· 2025-08-12 12:55
Core Insights - VERSES AI Inc. is sponsoring the 6th annual International Workshop on Active Inference (IWAI), which focuses on advancing research in Active Inference and related fields [1][2] - The workshop will take place from October 15-17 at McGill University in Montreal, providing a platform for global researchers to connect and share insights [3] - VERSES researchers are actively contributing to the workshop with seven full papers and six poster presentations covering various topics including robotics and machine vision [3] Company Overview - VERSES is a cognitive computing company that develops next-generation agentic software systems inspired by natural principles [4] - The flagship product, Genius™, is designed to generate reliable domain-specific predictions and decisions under uncertainty [4] Industry Context - Active Inference is emerging as a key component of next-generation AI, with significant contributions from leading organizations such as Waymo and Mila [2] - The workshop aims to explore three core streams of Active Inference and Bayesian Brain research, highlighting the interdisciplinary nature of the field [3]
VERSES® Shareholder Update Letter
Globenewswire· 2025-07-29 14:25
Core Viewpoint - VERSES AI Inc. is focused on developing next-generation cognitive computing systems, emphasizing the unique approach of their technology compared to mainstream AI solutions, particularly in enterprise applications [2][3][4]. Company Overview - VERSES AI Inc. is a cognitive computing company that aims to create intelligent software systems inspired by nature, with their flagship product being Genius™, designed for reliable predictions and decisions under uncertainty [15]. Technology and Innovation - The company has introduced AXIOM, described as the world's first digital brain, which integrates modules for vision, memory, prediction, and reasoning, demonstrating higher reliability and efficiency compared to existing models [8]. - The approach of VERSES is based on the concept of active inference, which mimics human cognitive processes, allowing for real-world testing and adaptation of models [5][6][7]. Market Position and Adoption - Despite the rapid adoption of some AI technologies, enterprise AI adoption remains slow, attributed to the limitations of Large Language Models (LLMs) in performing reliable business tasks [3]. - The company has begun selling its product Genius™ to enterprise customers, with notable use cases in financial market modeling and fleet management optimization, indicating practical applications of their technology [11][12]. Recognition and Future Directions - VERSES has gained recognition in the media, with endorsements from industry experts highlighting the originality and potential impact of their approach on achieving Artificial General Intelligence (AGI) [13]. - The company is exploring robotics as an emerging frontier, showcasing early progress in enabling robots to perform complex tasks without prior training [14].