KorrAI is a YC backed technology company providing tools and data to sustainable mining operations around the world. By combining information from satellite sensors, on-site measurements, IoT, and AI, we combine mining operations with earth observation data.
Tell us about yourself?
I come with a background in computer engineering. I started my career in analytics consulting, giving me a unique view of using data and machine learning to solve big business problems. In the years that followed, I had the chance to build and grow technology companies in the legacy and industrial space. I’ve always been interested in technology and solving problems, which led me to work in the natural resources sector when I moved to Canada. The natural resources industry is very big here, and it was clear that there was a huge chance to add value to it as the industry is accelerating its digital adoption journey.
If you could go back in time a year or two, what piece of advice would you give yourself?
I’ve been an entrepreneur for a few years now, and one thing I’ve learned is that I have to keep showing up. No matter what stage, size, industry, or situation, a wide range of possible problems will always be in the way of success. The trick is to keep going when things get hard.
What problem does your business solve?
Our business is improving how earth observation data is used by combining images from satellite sensors, measurements made on-site, and AI. Our products and services help with a wide range of tasks, including finding mineral deposits, keeping an eye on critical infrastructure for structural and environmental risks, and making sure that resource owners, communities, and regulators all work together effectively.
What is the inspiration behind your business?
I started KorrAI with co-founder Rob McEwan. We are building solutions that can be used in industries that are important for the transition to a sustainable economy. There is a huge demand for new energy sources, but the supply is not keeping up. The mining industry will pave the way to a low-carbon future and is going through a huge change, and we are excited to be a part of that change.
What is your magic sauce?
Our secret ingredient is our technology, which combines earth observation, earth science, field data, and artificial intelligence (AI) in a scalable software package. We are improving the way multispectral, hyperspectral, and geological data from the field are processed and combined with data from other sources. These combined data sets help solve problems in the process of managing natural resources.
What is the plan for the next 5 years? What do you want to achieve?
We foresee a future in which natural resources such as minerals, land, water, biodiversity, and associated physical infrastructure are managed in an environmentally responsible manner. We want to become a market leader in the natural resource management arena over the next five years, serving clients in the mining, infrastructure, environmental monitoring, geo-hazards, and the government sector with our technology.
What is the biggest challenge you’ve faced so far?
We are a deep tech firm that works with earth observation data and AI, both of which are emerging technologies that are undergoing rapid change. In an integrated framework, we are ingesting multi-spatial, multi-spectral, and multi-temporal resolutions of satellite images mixed with field data. While there is an eagerness to embrace new technologies, there is also skepticism. To address this, we are selecting use cases with rapid value realization (zero to one) as evidence that these technologies work before scaling up.