Company Description
VERSES AI Inc. (VRSSF) is a cognitive computing company that focuses on building next-generation agentic software systems. The company describes its approach as being modeled after the wisdom and genius of nature and designed around first principles found in science, physics, and biology. VERSES positions itself within the broader information sector and data processing and hosting industry by concentrating on intelligent systems that can generate reliable, domain-specific predictions and decisions under uncertainty.
Across its public communications, VERSES consistently highlights its flagship product, Genius™, which it describes as an agentic enterprise intelligence platform. According to the company, Genius is intended to support enterprises in creating intelligent agents and systems that can learn and adapt to different problem spaces, with an emphasis on domain-specific decision-making. VERSES has indicated that Genius is being used to explore applications in areas such as media mix strategy, resource and workforce scheduling, product recommendations, custom motor design, biodiversity monitoring, public‑private decision intelligence, customer and credit risk modeling, predictive maintenance, and expert drilling assistance.
Business focus and technology approach
VERSES characterizes itself as specializing in agentic software systems and agentic enterprise intelligence. In its descriptions, the company emphasizes concepts such as world models, active inference, and spatial computing. VERSES states that its technology is designed to enable software agents to generate predictions and carry out domain-specific tasks, and it has disclosed a U.S. patent titled “A Method and System for Specifying an Active Inference based agent using Natural Language,” which it describes as a novel approach for designing domain models that allows domain models to be expressed in natural language.
The company has also discussed its work on robotics and active inference. In a published paper referenced by VERSES, its robotics model is compared to a deep learning alternative on tasks such as tidying a room, preparing groceries, and setting a table. VERSES reports that its model achieved a higher combined success rate on these tasks and that its approach does not require pre-training, instead adapting by exploring the environment. The company links this work to its broader research on world modeling and active inference.
Flagship product: Genius™
Genius is repeatedly described by VERSES as an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. The company reports that Genius supports capabilities for data ingestion and preparation, model creation, and deployment, and that it is being used in collaboration with enterprises and resellers. VERSES has stated that Genius is being applied in multiple industries, including advertising and media, aviation, consulting, customer relationship management, electrical equipment manufacturing, environment and sustainability, government decision intelligence, financial services, legal services, manufacturing, and oil and gas.
VERSES has also indicated that it works with systems integrators, technology solution companies, and consulting firms that serve large enterprise and industrial clients. It has named several organizations as direct users or resellers in its communications, and it has highlighted a project with a major global investment firm in which Genius is used to develop an active inference causal model of financial markets to improve asset allocation decisions.
Research, standards, and spatial AI
VERSES presents itself as active in research communities related to active inference, spatial AI, and the Spatial Web. The company has sponsored the International Workshop on Active Inference and reported that its researchers contributed multiple papers and posters on topics including robotics, machine vision, multi‑agent cooperation, and self‑organizing systems. VERSES has also referenced the involvement of its team members in keynotes at that event.
In the area of spatial AI, VERSES has been recognized as a sample vendor in the Gartner Emerging Tech Impact Radar: Spatial AI for World Models and Spatial Computing use cases. The company notes that it participated in the IEEE Spatial Web Working Group and that it intends to implement Spatial AI by supporting HSML and HSTP standards in its product Genius. VERSES cites the IEEE approval of standards for Spatial Web protocol, architecture, and governance and aligns its work with the concept of the Spatial Web as described in that context.
Capital structure and financing activities
VERSES AI Inc. trades on the OTCQB under the symbol VRSSF and on Cboe Canada under the symbol VERS, as stated in its news releases. The company has reported several financing activities through private placements and convertible debenture offerings. In one transaction, VERSES closed a non‑brokered private placement of secured convertible debenture units, each consisting of a senior secured convertible debenture and detachable share purchase warrants, with the debentures bearing interest and being convertible into Class A Subordinate Voting Shares at a specified conversion price. The debentures are described as secured by a first‑ranking security interest over all present and after‑acquired property and assets of the company, with proceeds intended for general working capital purposes.
In another financing arrangement, VERSES entered into a subscription agreement and related sharing agreement with institutional investors under which it could receive a notional amount of funding in exchange for units consisting of Class A Subordinate Voting Shares and warrants. The sharing agreement describes a structure of periodic settlement tranches based on a benchmark price and a volume‑weighted average price, with adjustments under certain conditions. The company has stated that net proceeds from these financings are intended for working capital and general corporate purposes.
VERSES has also disclosed a workforce reduction program aimed at strengthening liquidity, streamlining operations, reducing costs, and increasing operational efficiency. In the same context, the company described a private placement of units, subject to exchange approval, and stated that the combined effect of the workforce reduction and private placement is expected to reduce its cost structure, extend its cash runway, and enhance focus on commercialization of Genius.
Regulatory reporting and jurisdiction
VERSES AI Inc. is incorporated in British Columbia, Canada, as indicated in its SEC filings. It files reports with the U.S. Securities and Exchange Commission, including Form 10‑Q quarterly reports and multiple Form 8‑K current reports describing material definitive agreements, financing transactions, and other corporate events. The company has noted that certain securities it has issued in private placements are not registered under the U.S. Securities Act of 1933 and are offered in reliance on exemptions from registration, including Section 4(a)(2), Rule 506(b), and Regulation S.
In its cautionary statements, VERSES emphasizes that its forward‑looking information is subject to risks and uncertainties, including market conditions, regulatory approvals, timing of payments, fluctuations in share price, and other factors described in its public filings. The company notes that it undertakes no obligation to update such statements except as required by applicable law.
Position within the AI and data processing sector
Within the information sector and data processing, hosting, and related services industry classification, VERSES distinguishes itself by focusing on cognitive computing, agentic software systems, and enterprise intelligence platforms. Its communications emphasize active inference, world models, spatial computing, and the Spatial Web as conceptual foundations for its technology. The company describes its vision as enabling a “Smarter World” that elevates human potential through technology inspired by nature.
According to its disclosures, VERSES’ activities span product development (Genius), research (including robotics and active inference), participation in standards (IEEE Spatial Web protocols), and collaborations with enterprises and resellers across multiple industries. Investors and analysts reviewing VERSES AI Inc. (VRSSF) typically consider its technology focus, product adoption across use cases, financing arrangements, and regulatory filings to understand its business model and risk profile.