Technology
GLOBAL BATTERY MATERIALS ANNOUNCES POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR THE KEARNEY GRAPHITE PROJECT
Published
4 months agoon
By
Brownfield graphite mine redevelopment demonstrates an after-tax IRR of 67%, and payback period of 1.3 years
TORONTO, July 7, 2026 /PRNewswire/ — Global Battery Materials Corp. (“GBM” or the “Company”), a vertically integrated critical minerals and technology company focused on developing secure North American graphite and advanced anode material supply chains, is pleased to announce the positive results of a Preliminary Economic Assessment (“PEA”) prepared by WSP Canada Inc. (“WSP”) for its Kearney Graphite Project (“Kearney” or the “Project”), located in northeastern Ontario, Canada. The PEA evaluates the restart of the prior-producing Kearney Mine, leveraging existing infrastructure to provide a secure source of graphite for the North American battery supply chain.
The PEA prepared by WSP and independent Qualified Persons (“QP’s”) confirms the strong economics for the Kearney Graphite Project, with a post-tax NPV(8%) of USD$183 million, 67% internal rate of return (“IRR”), and 1.3-year payback. The brownfield redevelopment project benefits from several characteristics, including existing historical infrastructure, transportation access, and previously disturbed industrial footprint, which collectively contribute to a comparatively reduced capital intensity, and accelerated development potential.
The PEA economics are built on the sale of graphite concentrate, industrial graphite products, and upstream battery materials—established product categories with strong and growing demand across North American industrial, defence, energy storage, and battery supply chain markets.
QUALIFIED PERSONS
The scientific and technical information contained in this news release has been reviewed and approved by the following Qualified Persons as defined under NI 43-101, each of whom is independent of Global Battery Materials Corp.:
Benjamin Berson, P.Eng., PMP, Principal Mining Engineer, WSP — mining, and infrastructureBrian Thomas, P.Geo., Senior Principal Geologist, WSP — Mineral Resource EstimateAmir Maleki Ghahfarokhi, P.Geo., Senior Geologist, WSP — geology, exploration, and data verificationKerry Salvatori Lee, P.Eng., Senior Principal Geotechnical Engineer, WSP — tailings managementOliver Peters, P.Eng., M.Sc., MBA, President, Metpro Management Inc. — metallurgical processingWilliam (Bill) Stiebel, M.Sc., P.Geo., FGC, President, WHS Plc. — environmental and water managementPiers Wendlandt, PE, Vice President, Mining Engineer, WSP — economic analysis and macroeconomic aspects.
TABLE 1: SUMMARY OF PEA RESULTS — KEARNEY GRAPHITE PROJECT
Parameter
Base Case
After-Tax NPV (8% Discount Rate)
USD$183 million
After-Tax IRR
67 %
After-Tax Payback Period
1.3 years
After-Tax Cumulative Cashflows (undiscounted)
USD$421 million
Mine Life
20 years
Initial Capital Expenditures
CAD$65.9 million
Sustaining Capital Expenditures
CAD$30.9 million
Operating Cost — Diesel Phase
CAD$31.35/t milled
Operating Cost — Grid Phase (44 kV)
CAD$25.50/t milled
Graphite Concentrate Grade
~95% Cg
Indicated Mineral Resources
29.2 Mt @ 2.10% Cg
Inferred Mineral Resources
33.8 Mt @ 1.90% Cg
Exchange Rate Assumption
CAD$1.40: US$1.00
Notes: The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that the results of the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Mineral Resources are reported in accordance with 2014 CIM Definition Standards for Mineral Resources & Mineral Reserves. Mineral Resource Estimate effective date is June 1, 2026.
PEA HIGHLIGHTS
The PEA demonstrates robust economic parameters for the Kearney Graphite Project, supported by modest initial capital requirements, rapid payback, and substantial long-term cash generation potential, all within a brownfield redevelopment context that benefits from existing on-site infrastructure.
On an after-tax basis, the Project generates a post-tax NPV(8%) of approximately USD$183 million, an IRR of approximately 67%, and a payback period of approximately 1.3 years. The Project is anticipated to generate cumulative after-tax cashflows of approximately USD$421 million over its approximately 20-year mine life.
Initial capital expenditures are estimated at approximately CAD$65.9 million and include selective refurbishment of existing site infrastructure, modernization of processing facilities, development of a micronization facility, and indirect costs, contingency, and owner’s costs. Sustaining capital expenditures are estimated at approximately CAD$30.9 million over the life of mine.
The assessment contemplates a phased operational strategy designed to leverage existing site infrastructure while supporting future optimization opportunities, including a planned transition from diesel generator power to a regional 44 kV overhead grid connection. Operating costs are estimated at approximately CAD$31.35 per tonne milled during the initial diesel-powered phase and are expected to decrease to approximately CAD$25.50 per tonne milled following the future grid connection. The financial model assumes an exchange rate of CAD$1.40:US$1.00 for the full life of mine.
The proposed operation envisions the redevelopment of Kearney as a conventional open-pit mining operation using contractor truck-and-shovel methods. Mineralized material would be processed through a flotation concentrator designed to produce a premium graphite concentrate at approximately 95% graphitic carbon. The study further contemplates the sale of approximately 50% of annual concentrate production to higher-value industrial and advanced materials markets while supporting the development of secure North American critical mineral supply chains.
Located in Ontario, one of the world’s premier mining jurisdictions, the Project benefits from access to transportation infrastructure, a skilled labour force, electrical power, and a well-established regulatory environment.
MINERAL RESOURCE ESTIMATE
The Mineral Resource Estimate for the Kearney Graphite Project was prepared by Brian Thomas, P.Geo., of WSP, with an effective date of June 1, 2026, in accordance with 2014 CIM Definition Standards for Mineral Resources & Mineral Reserves.
TABLE 2: MINERAL RESOURCE ESTIMATE — KEARNEY GRAPHITE PROJECT (Effective Date: June 1, 2026)
Classification
Deposit
Tonnes
Cg (%)
Indicated
McGuire
29,224,000
2.10
Total Indicated
29,224,000
2.10
Inferred
McGuire
11,831,000
1.96
Inferred
Sheehan
21,940,000
1.86
Total Inferred
33,772,000
1.90
Key Assumptions, Parameters, and Methods: Mineral Resources are reported at an open pit-constrained cut-off grade of 1.0% Cg, based on a graphite concentrate selling price of CAD$2,155/t, a USD/CAD exchange rate of 1.39, a process recovery of 89.4%, a mining cost of CAD$4.20/t mined, and a processing cost of CAD$13.92/t milled. The Mineral Resources were estimated by ordinary kriging. McGuire Indicated Mineral Resources are supported by 12 NQ drill holes completed in 2013 combined with 126 historical holes confirmed through a verification program. Sheehan Mineral Resources are classified as Inferred due to insufficient quality assurance/quality control (“QA/QC”) documentation of historical drill data. No Mineral Reserves have been declared. Inferred Mineral Resources are considered too speculative geologically to be categorized as Mineral Reserves. Rounding may result in apparent summation differences.
Known Risks: Key risks that could materially affect the potential development of the mineral resources include: (i) partial reliance on historical drill data with limited original QA/QC documentation, particularly at Sheehan; (ii) historical McGuire assay values averaging approximately 15% higher than 2013 verification assays, introducing grade uncertainty; (iii) graphite price volatility driven in part by Chinese oversupply; (iv) dependency on a third-party-funded 44 kV transmission line within 12 months of production commencement; and (v) pending renewal of the Permit to Take Water and revision of the Mine Closure Plan.
DATA VERIFICATION
QP Maleki Ghahfarokhi (WSP) visited the Project site, inspected and verified the drill core condition, collected independent witness samples, reviewed the QA/QC procedures, and verified the drill hole database with available original documentation.
QP Salvatori Lee visited the Project site and observed the current conditions of the tailings facility, dams, and polishing pond as well as reviewed existing technical documentation supporting the tailings design.
QP Stiebel has visited the Project site several times and has examined the drill core and conducted discussions on site conditions with the environmental manager.
QP Berson visited the site where he observed the historical pit wall stability and the mine haulage routes. He also visited the existing mill facilities as well as the polishing pond. Additionally QP Berson reviewed hydrogeological reports and available geotechnical data.
QP Peters visited the Project site and collected samples for the 2016 process optimization program.
MANAGEMENT COMMENTARY
Commenting on the results, Eric Miller, Chief Executive Officer of Global Battery Materials Corp., stated:
“The Kearney Graphite Project represents a rare opportunity to establish domestic graphite production quickly and with capital efficiency,” said Eric Miller, CEO of GBM. “The mine has a proven history of supplying North American markets, and this study confirms the advantages of our brownfield approach. Combined with our advanced-stage anode material pilot plant in South Korea, GBM is ready to act with urgency to strengthen critical mineral supply chains.”
Miller continues, “WSP is a leader in mining infrastructure delivery and their work on the Kearney Graphite Project represents an important step toward executing an aggressive restart timeline. With a 1.3-year payback, 67% IRR, and a 20-year mine life on a proven, prior-producing asset, Kearney is one of the most reliable, cost-effective routes to secure domestic graphite supply in North America.”
Management believes that Kearney offers significant long-term upside potential beyond the scope of the current PEA. Opportunities identified by the study include additional Mineral Resource conversion drilling, and Mineral Resource expansion, process optimization, and infrastructure enhancements. The Company also intends to evaluate downstream graphite valorization opportunities, including advanced graphite products and battery anode materials. The Company intends to advance a Defenitive Feasibility Study as the next step in the Project’s development.
NI 43-101 CAUTIONARY STATEMENT
The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that the results of the PEA will be realized, and Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Additional engineering studies, permitting activities, metallurgical work, and economic assessments will be required before a development decision can be made.
TECHNICAL REPORT FILING
The Company intends to file the supporting NI 43-101 Technical Report on SEDAR+ within the time period prescribed by applicable Canadian securities legislation. The Technical Report will be available for review on the Company’s SEDAR+ profile at www.sedarplus.ca. It will include further details on qualifications, assumptions, exclusions, and risks that relate to the details of this news release, including the PEA and Mineral Resource estimate. The Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context.
FORWARD-LOOKING INFORMATION
This news release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the future development of the Kearney Graphite Project; the estimation of Mineral Resources and the realization of such mineral estimates; expectations with respect to increasing Mineral Resources with further work; the statements related to the PEA and other results of the PEA discussed in this news release, including, without limitation, project economics, financial and operational parameter such as expected production, capital expenditures, cash flow, NPV, IRR, payback period and life of mine; upside potential, opportunities for growth and expected next steps; the price of commodities; future technical studies; permitting activities; project financing; the potential conversion of Mineral Resources to Mineral Reserves; future graphite markets; downstream processing opportunities; and the Company’s broader strategic objectives. Forward-looking information is based on assumptions management believes to be reasonable, including assumptions regarding commodity prices, market demand, permitting timelines, financing availability, operating costs, capital costs, labour, infrastructure, and regulatory approvals. There is no assurance that such assumptions will prove accurate. Forward-looking information is subject to risks including fluctuations in graphite prices; exploration and development risks; permitting and regulatory risks; environmental risks; financing risks; Mineral Resource estimation risks; construction and operating risks; inflationary pressures; and general business risks. The reader is cautioned that the foregoing list is not exhaustive of all risk factors. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. Readers are further cautioned not to place undue reliance on any forward-looking information, as such information, although considered reasonable by the respective management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Except as required by applicable securities legislation, the Company assumes no obligation to update forward-looking information.
ABOUT GLOBAL BATTERY MATERIALS CORP.
Global Battery Materials Corp. (GBM) is a vertically integrated critical minerals and technology company delivering an ex-China battery supply chain from natural graphite products to active anode materials. The Company’s platform combines a prior producing mine in Canada with a patented anode processing technology validated at a pilot plant in South Korea and set to be scaled in North America, establishing North America’s fastest path to end-to-end critical material resiliency. Led by a management team with deep expertise in mining operations, battery science, and automotive supply, and backed by the Canadian government and a proprietary patent portfolio, GBM serves the defence, energy, industrial, and electric vehicle battery markets at the core of global supply chain security. Learn more at www.globalbatterymaterials.com.
The PEA does not include GBM’s downstream anode material production facilities—existing and planned—that will bring its graphite critical mineral from mine to market. The Company’s anode materials business is built around proprietary anode processing technology, validated at its pilot production and R&D facility in South Korea, and set to be scaled at a mass production site in North America. GBM’s future downstream processing capabilities complement concentrate and micronized graphite production from the Kearney Graphite Project.
Media Contact:
media@globalbatterymaterials.com
Global Battery Materials Corp.
© 2026 Global Battery Materials Corp. All rights reserved.
View original content to download multimedia:https://www.prnewswire.com/news-releases/global-battery-materials-announces-positive-preliminary-economic-assessment-for-the-kearney-graphite-project-302819891.html
SOURCE Global Battery Materials
You may like
Technology
Vertical IQ Will Expand Industry Intelligence Platform with Small Business Financial Exchange (SBFE) Small Business Credit Data
Published
46 minutes agoon
October 27, 2026By
RALEIGH, N.C., Oct. 27, 2026 /PRNewswire/ — Small Business Financial Exchange (SBFE), the trusted source for small business lending data and Vertical IQ, a nationally recognized provider of Industry Intelligence, today announced their partnership. Through the partnership, Vertical IQ will incorporate SBFE small business credit insights into its platform, providing financial institutions with deeper context to support commercial lending decisions.
The collaboration enables banks, credit unions, and other commercial lenders using Vertical IQ to gain access to SBFE small business credit insights within the Industry Intelligence platform. Default rates, delinquencies, and credit trends by industries are just a few of the SBFE features that will be included. These insights allow financial services professionals to better understand small business borrowers and support key commercial lending activities.
“At SBFE, we’re committed to helping lenders better understand and support small businesses. Extending access to SBFE insights through Vertical IQ is another way we can deliver value to the lending community and support greater access to capital.”
– Elisabeth MacDonald, President and CEO, SBFE
“At Vertical IQ, we believe financial institutions make their best decisions when they have access to trusted, Verified Industry Intelligence powered by the highest-quality data available,” said Bobby Martin, co-founder and CEO of Vertical IQ. “Our partnership with SBFE represents another important step in that commitment by bringing highly respected small business credit insights into our platform. By combining SBFE’s credit data with Vertical IQ’s industry expertise, we’re helping lenders gain deeper context to strengthen credit analysis, improve risk assessment, and make more confident decisions throughout the commercial lending lifecycle.”
– Bobby Martin, Co-founder and CEO, Vertical IQ
About SBFE
SBFE is the trusted data exchange where the small business lending industry comes together to strengthen access to capital for America’s small businesses. For more than 25 years, SBFE has united lenders in a member-driven community built on trust, collaboration, and the responsible use of data. Today, SBFE securely manages one of the nation’s largest repositories of small business credit data, contributed by more than 140 member institutions, including many of the country’s largest commercial banks. This data enables highly predictive credit reporting and portfolio management solutions that help lenders make more informed decisions, manage risk, and support the financial health and growth of small businesses. By transforming shared data into trusted lending intelligence, SBFE helps its members strengthen credit decisioning and promote greater access to capital. Learn more at www.SBFE.org
About Vertical IQ
Headquartered in Raleigh, North Carolina, Vertical IQ is a nationally recognized provider of Industry Intelligence. Whether discussing cash management with a local brewery or evaluating risk for a large manufacturing company, successful banks, credit unions, accounting firms, insurance organizations, and advisory firms use Vertical IQ to better understand a prospect’s or client’s business challenges before, during, and after meetings. Covering 100% of the industries that comprise the U.S. and Canadian economies, as well as more than 3,400 local economic reports, Vertical IQ equips professionals with the confidence and credibility to build stronger client relationships and make more informed decisions. Learn more at www.verticaliq.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/vertical-iq-will-expand-industry-intelligence-platform-with-small-business-financial-exchange-sbfe-small-business-credit-data-302920872.html
SOURCE SBFE
Technology
CME Group Brazilian Real Futures Set New Daily Volume Record Following Election
Published
46 minutes agoon
October 27, 2026By
Record $9 billion notional traded, eleven times the year-to-date average daily volume (ADV) as market participants turned to CME Group to manage risk around the clock
CHICAGO, Oct. 27, 2026 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, today announced that its Brazilian real (BRL) futures reached a new daily volume record of 498,498 contracts (R$49.8 billion, ~$9.2 billion notional value) on October 26, surpassing the previous record of 191,325 contracts (~$3.7 billion notional value) traded on September 28, 2026.
“Following the results of the Brazilian presidential election, clients turned to our BRL futures market to immediately manage their risk outside of Brazilian trading hours, driving all-time record volume,” said Paul Houston, Global Head of FX Products, CME Group. “Even before the onshore market opened, $2.5 billion in notional value had already traded, roughly three times the year-to-date ADV for BRL futures. With liquidity in all timezones and contracts denominated in USD, our markets are fast becoming the main venue for Brazilian real price discovery and trading outside of onshore hours, giving global participants the liquidity they need around the clock.”
In the first half of 2026, Mexican peso and Brazilian real futures and options saw a record combined average daily volume of $2.94 billion.
For more information on CME Group BRL futures, please visit https://www.cmegroup.com/articles/faqs/latam-fx-futures-frequently-asked-questions.html
As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.
CME-G
View original content to download multimedia:https://www.prnewswire.com/news-releases/cme-group-brazilian-real-futures-set-new-daily-volume-record-following-election-302920902.html
SOURCE CME Group
Technology
Vera Health Quietly Became One of the World’s Most Used Clinical Tools. Now It Has Raised $32 Million to Give Every Clinician in the World the Best Medical Knowledge in Seconds
Published
46 minutes agoon
October 27, 2026By
With a team of just 12 employees, the clinical AI company has grown largely through physician referrals, bringing total funding to $32 million
More than 800,000 clinicians across 190 countries use Vera Health, including approximately 1 in 4 physicians in Spain and Italy, with most discovering the platform through recommendations from colleagues.Threshold Ventures led Vera Health’s $28.5 million Series A, with participation from Mantis VC and SV Angel. Existing investors Y Combinator and Gradient tripled down, bringing total funding to $32 million.The investment will accelerate Vera Health’s evidence-focused clinical AI platform, expanding its ability to make global medical knowledge locally relevant and deepening partnerships with medical societies, publishers and health systems.
SAN FRANCISCO, Oct. 27, 2026 /PRNewswire/ — A year ago, a few thousand clinicians were using Vera Health. Today, more than 800,000 are, most having discovered the platform through a colleague. Every month since June, Vera has been the most downloaded clinical app in the world across the App Store and Google Play.¹ In September alone, it was downloaded more times than OpenEvidence and Doximity combined, while monthly downloads had more than tripled since February. With a team of just 12 employees, Vera has reached clinicians in 190 countries, including approximately 1 in 4 physicians in Spain and Italy, largely through word of mouth. Vera Health is a clinical AI search engine that reasons like a clinician, helping physicians find and evaluate medical evidence in seconds.
Today, Vera Health announced a $28.5 million Series A led by Threshold Ventures, with participation from Mantis VC and SV Angel. Existing investors Y Combinator and Gradient, tripled down in the round, bringing the company’s total funding to $32 million. The investment will accelerate Vera Health’s mission to close the gap between what medicine knows and what every patient receives.
Only a few months after raising its Series A, Vera already has more daily active users than it had monthly active users at the time of the raise. Clinicians went from asking Vera a few thousand questions a day to asking hundreds of thousands, every single day.
“Clinicians are the best data scientists I’ve ever met. They make the call in seconds, with more evidence than any human could ever read,” said Taieb Bennani, Co-Founder of Vera Health. “The secret to building for them is to live and breathe the problem like no one else. Everyone on our team is a clinician, or the child or sibling of one, like Maxime and me. That passion translates into every detail of the product, and when you build with that kind of obsession, the product speaks for itself, and clinicians share it with their colleagues. We don’t have the biggest team or the most money. We have the people who care the most about getting it right.”
How does Vera Health differ from general-purpose AI tools?
Clinical AI is increasingly being used to help physicians navigate complex medical questions, but the ability to generate an accurate-sounding answer does not necessarily establish whether the underlying research is reliable. Medicine now publishes a new scientific paper roughly every 20 seconds. Chatbots are built to sound confident. Vera is built to be accurate, and honest when the evidence is thin. Physicians are expected to keep up with an expanding body of research while interpreting guidelines, evaluating treatment options and making decisions for individual patients, sometimes within seconds.
Vera Health finds the evidence first, then writes the answer. Its technology searches more than 60 million peer-reviewed publications, clinical guidelines, consensus statements and drug labels, evaluating sources based on study design, level of evidence, cohort size, recency, journal quality and citation impact. Every claim is linked to its supporting research and color-coded to show the strength of the available evidence. Sometimes that color is red. A rare condition may have no large randomized trial or comprehensive guideline behind it, leaving only a small case series or a report involving a single patient. Vera Health surfaces that research while making its limitations visible, allowing physicians to assess how much weight the findings deserve.
“Medical knowledge moves too quickly for any one clinician to read, and general-purpose AI tools can make uncertain evidence sound settled,” said Maxime Allouch, co-founder, Vera Health. “Unlike other tools, we believe there’s value in making uncertainty visible. The grade shapes what Vera retrieves and writes, while the clinician brings the patient, the context and the judgment.”
Vera Health developed its approach alongside physicians who evaluate medical evidence and help write the guidelines other clinicians follow. Through its partnership with the American College of Emergency Physicians (ACEP), the platform integrates ACEP clinical policies with source attribution, bringing medical society guidance directly into clinical research workflows.
“In medicine, not all evidence is equal,” said Scott M. Silvers, MD, FACEP, Chair of the American College of Emergency Physicians’ Clinical Policies Committee and former Chair of Emergency Medicine at Mayo Clinic. “A large, randomized trial and a case report should never carry the same weight, yet most AI tools blend them into the same confident answer. Level of evidence is the foundation of every guideline we write, and Vera Health is built on it.”
For Dr. Bernard P. Chang, Vera Health’s Chief Scientific Advisor and Vice Chair of Research in the Department of Emergency Medicine at Columbia University, the importance of clinical evidence extends to how physicians evaluate patients.
“On a recent emergency-department shift, I saw a young woman with cough and shortness of breath. The symptoms could easily be attributed to a routine respiratory illness,” said Chang. “Vera Health surfaced evidence that raised my concern for pulmonary embolism, a potentially life-threatening blood clot in the lungs, and led me to broaden my evaluation. What interests me isn’t AI simply providing an answer. It’s whether it can reliably surface evidence that challenges our initial assumptions and improves clinical reasoning. That’s what we’re now evaluating rigorously, inside the academic medical centers where medicine is actually practiced.”
Vera Health’s clinical advisors also include Christopher Baugh, MD, MBA, FACEP, Vice Chair of Clinical Affairs in Emergency Medicine at Brigham and Women’s Hospital and Associate Professor of Emergency Medicine at Harvard Medical School. Its clinical council includes physician leaders affiliated with Mayo Clinic, Yale, Harvard, Columbia and Penn.
Why is Vera Health growing so quickly across international markets?
Bennani and Allouch grew up in families of physicians and initially developed Vera Health for their own fathers. What began with two users has since grown into a platform serving hundreds of thousands of clinicians, with physicians asking hundreds of thousands of questions each day. The company’s international growth reflects an approach built around a central reality of medicine. Medical knowledge is global, but clinical practice is local.
An emergency physician in France may follow different treatment guidelines than a physician in the United States. An oncologist reviewing a complex case may need an exhaustive evaluation of the available research, while an emergency physician needs a concise answer within seconds. Even physicians practicing the same specialty may follow different protocols depending on their institution.
Vera Health accounts for those differences by prioritizing locally relevant guidance while drawing on medical research from around the world. Through Vera Spaces, health systems can also integrate their own clinical protocols and pathways alongside national guidelines and international medical literature.
“Medicine is global, yet most tools in our space were built for a single geography,” said Allouch. “We went international from day one, because only a global view reveals what is truly local.”
The approach has helped Vera Health expand across Europe, where approximately 1 in 4 physicians in Spain and Italy and 1 in 7 in France use the platform, according to company data. Vera Health has achieved that international reach with a small team and a product that clinicians have largely discovered through their peers.
What will Vera Health’s Series A funding support next?
The financing will support further development of Vera Health’s clinical evidence infrastructure, expansion into additional healthcare markets and deeper partnerships with medical societies, publishers and health systems. The company will continue investing in locally relevant clinical guidance and tools that allow healthcare institutions to incorporate their own medical knowledge into the platform.
“In healthcare, trust is earned, not bought. Vera’s adoption among clinicians worldwide speaks to what Taieb and Maxime have built. By combining the most rigorous medical evidence with an understanding of each physician’s specialty, protocols and practice context, Vera makes the world’s medical knowledge relevant to how care is actually delivered. We believe that creates an enormous opportunity to improve global health,” said Andrew Brackin, Partner at Gradient.
“Vera is compelling because it starts with the evidence, not just an answer—helping clinicians find and assess the research behind a decision while making its strengths and limitations visible. By bringing that evidence to the point of care, Vera becomes a trusted clinical intelligence layer, not just another AI tool,” said Emily Melton, co-founder and managing partner of Threshold Ventures.
Vera Health will remain free for licensed clinicians and medical trainees worldwide as it expands access to medical evidence and locally relevant clinical guidance.
New medical knowledge takes an estimated 17 years to reach routine clinical practice, according to research published in the Journal of the Royal Society of Medicine. Vera Health aims to reduce the time physicians spend searching for and evaluating that knowledge, bringing relevant evidence closer to the moment clinical decisions are made.
“Our mission is to close the gap between what medicine knows and what every patient receives,” said Bennani. “Today, that gap is measured in years. We want it measured in seconds.”
About Vera Health
Vera Health is the search engine that reasons like a clinician, finding and grading evidence before showing the source, strength and limits behind every answer. More than 800,000 clinicians in 190 countries use Vera, which is free for licensed clinicians and trainees, never trains on clinicians’ questions, and is HIPAA and GDPR compliant and SOC 2 Type II certified. Founded in 2024 at Y Combinator by MIT graduates and sons of physicians Taieb Bennani and Maxime Allouch, Vera is headquartered in San Francisco and backed by Threshold Ventures, Gradient, Y Combinator, SV Angel and Mantis VC.
Learn more at verahealth.ai.
¹ Download data: Appark, worldwide App Store and Google Play downloads, June through [September] 2026.
Media Contact
Interdependence
(949) 259-6377 x 225
425709@email4pr.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/vera-health-quietly-became-one-of-the-worlds-most-used-clinical-tools-now-it-has-raised-32-million-to-give-every-clinician-in-the-world-the-best-medical-knowledge-in-seconds-302920905.html
SOURCE Vera Health
Vertical IQ Will Expand Industry Intelligence Platform with Small Business Financial Exchange (SBFE) Small Business Credit Data
CME Group Brazilian Real Futures Set New Daily Volume Record Following Election
Vera Health Quietly Became One of the World’s Most Used Clinical Tools. Now It Has Raised $32 Million to Give Every Clinician in the World the Best Medical Knowledge in Seconds
Send Rakhi to UK swiftly with UK Gifts Portal
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
Nullmax and Renesas Forge Strategic Partnership to Deliver Competitive ADAS Solutions for the Global Market
Why You Should Build on #NEAR – Co-founder Illia Polosukhin at CV Labs
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
NEAR End of Year Town Hall 2021: The Open Web World, MetaBUILD 2 Hackathon and 2021 recap
Trending
-
Technology4 days agoMiami Startup BOB Raises $5.5M To Build An AI-Powered Banking Platform
-
Coin Market4 days agoBitcoin ETFs bleed $635M as October slides back into the red
-
Coin Market4 days agoCysic dangles a 10% bounty, hacker pours loot into Tornado Cash
-
Coin Market4 days agoEthereum delays Glamsterdam Hoodi testnet launch over security risks
-
Coin Market4 days agoMalaysia, Thailand join Singapore’s cross-border stablecoin push
-
Technology4 days agoKin Becomes First U.S. Home Insurer to Enable WebMCP for AI Shopping
-
Coin Market5 days agoWinklevoss PAC moves into Texas Senate race with $81K ad buy
-
Technology5 days agoLunai Bioworks Announces Receipt of Nasdaq Determination and Intention to Voluntarily Delist and Deregister
