Stratum

About Stratum

Stratum AI provides artificial intelligence solutions for the mining industry, focusing on creating more accurate mineral resource models. Founded in Toronto, Canada, in 2018 by Farzi Yusufali and Daniel Mogilny, the company aims to help mining operators maximize extraction efficiency and reduce environmental impact. The founders possess a blend of academic and practical experience in implementing machine learning in legacy industries. Yusufali has a background in Nanotechnology Engineering, while Mogilny specializes in Machine Intelligence. Their combined expertise in fields such as agriculture, telecom, and pharmaceuticals, along with personal connections to the mining sector, informed their approach to solving challenges within mining operations.

The company's core offering is a platform that uses deep learning algorithms to analyze existing geological data, such as drill-hole samples, to generate comprehensive 3D maps of subterranean mineral deposits. This technology helps clients, which include copper and gold miners, to better distinguish between ore and waste material, identify high-grade deposits that might otherwise be missed, and optimize drilling programs. By leveraging the data that mining companies already collect, Stratum AI's solution integrates into existing workflows without requiring new data collection processes. The business model targets mining operators directly, offering a service projected to create significant annual value for an average mine by increasing yields and reducing the extraction of worthless material.

Stratum AI has participated in the Y Combinator accelerator program and secured seed funding from investors including Soma Capital, Creative Destruction Lab, and Builders VC. The company’s long-term vision is to become the central AI engine for mining operations, enabling dynamic decision-making by integrating with various data sources from sensors and equipment. Headquartered in Toronto, Stratum is a global organization with offices in Peru and Australia, positioning itself to serve major mining jurisdictions worldwide.