Oct 12, 2022
"We saw this as an opportunity where we could use our experience and marry the engineering talent of Calgary with the fast frugal software ecosystem of Bangalore and build a global company."
In this episode, I’m in conversation with Amardeep Sibia is the founder & CEO of Drishya AI Labs. Drishya started in 2019 to develop a foundational solution to a specific energy transition problem. There is a huge installed base of oil and gas infrastructure that predates the digital era and the data about those assets is held largely in near-paper format (JPGs and PDFs of engineering diagrams). Drishya has developed a clever AI-assisted cloud solution that converts those diagrams into actionable data.
"Net Zero plans, decarbonisation, whatever you want to call it, is demanding an extremely fast and extremely vast level of mechanization across the industry. So in order to make changes you need to know what's out there. That's the basic problem."
Amardeep Sibia is the founder & CEO of Drishya AI Labs, an award-winning Deep Tech company in the business of AI for Digital Oil & Gas based in Calgary, Canada with a subsidiary in Bangalore. Drishya enables companies to meet their decarbonization goals by using AI to build digital twins of brownfield industrial plants. Drishya also embeds intelligence and makes new-age equipment intelligent from the ground up, enabling faster and scalable adoption of equipment essential for meeting net-zero targets.
Previously, Amardeep was CEO SatSure, CTO at Earth2Orbit and a Vice President at Goldman Sachs, where he served for 17 years across US, UK and India.
He led SatSure to become the leading large area analytics startup for agriculture. SatSure leverages advancements in satellites, machine learning and big data analytics to generate business-critical insights across the agriculture value chain.
Amardeep is an alumnus of the Indian Institute of Management, Bangalore (IIMB) and holds a Bachelor of Technology with Honours from Thapar University, Patiala.
He is also a Mentor for TechStars Bangalore, a member of CII’s National Committee for IT and a guest faculty at IIM, Bangalore where he teaches analytics.
"One single customer, a super major said because we don't have the structural data, this high quality structural data, we are leaving about 100 to $150 billion on the table over a five year period, because we can't really optimize and the inefficiencies."