Also known as: StratumAI, Stratum Technologies, Stratum
AI that tells mining companies where to mine to maximize profits
Company is active
Event Year: 2020
Company is active
Event Year: 2020
StratumAI leverages the power of deep learning to revolutionize mineral exploration for the mining industry. Traditional mining operations rely on costly drillholes to assess the concentration of valuable minerals like gold within a given area. Due to the expense associated with drilling, statistical interpolation methods are commonly employed to estimate mineral content between these drill points. StratumAI offers a superior alternative by utilizing advanced deep learning algorithms to predict optimal drilling locations and accurately estimate mineral concentrations between boreholes. This technology's applicability extends beyond gold, demonstrating effectiveness with other metals, including base metals such as copper. Pilot programs indicate that StratumAI's technology has the potential to generate approximately $10 million in annual value for the average mine.
StratumAI leverages the power of deep learning to revolutionize mineral exploration for the mining industry. Traditional mining operations rely on costly drillholes to assess the concentration of valuable minerals like gold within a given area. Due to the expense associated with drilling, statistical interpolation methods are commonly employed to estimate mineral content between these drill points. StratumAI offers a superior alternative by utilizing advanced deep learning algorithms to predict optimal drilling locations and accurately estimate mineral concentrations between boreholes. This technology's applicability extends beyond gold, demonstrating effectiveness with other metals, including base metals such as copper. Pilot programs indicate that StratumAI's technology has the potential to generate approximately $10 million in annual value for the average mine.
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2020
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2020
Industrials
Industrials
Industrials -> Climate
Industrials -> Climate
Team size: 5
Hiring: No
Team size: 5
Hiring: No