Ten startups were selected as winners of Buffalo Business First’s second Inno Fire Awards. Their stories show the passion and diversity of the local startup scene. Learn more about Strayos below; see the others here.
Strayos
CEO: Ravi Sahu
Founded: 2016
Headquarters: Seneca One Tower, Buffalo
What the company does: Software platform uses artificial intelligence to map underlying geological conditions for mining operators
Strayos’ goal is to help the mining industry, from where and how deep to drill to optimizing the production process.
The Buffalo-based startup, headquartered in Seneca One Tower, uses a camera vision artificial intelligence system to map underlying geological conditions for mining operators.
From 2020 to 2022, the startup went from 150 mining sites using its technology to more than 600. Currently, its customers span more than 1,000 sites in 25 countries.
CEO Ravi Sahu expects to reach 2,000 sites by the end of this year and plans to publicly launch a new product by the end of June. The new product helps monitor and measure energy used during different parts of the mining process to operate more efficiently.
“We’re seeing this rapid shift in the industry itself that they are looking for digitalization, a more optimal way of doing things,” he said.
The business employs 15, seven of whom are based in Buffalo. The startup expects to hire six to eight more people in the next two business quarters.
