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SaaS Interviews with CEOs, Startups, Founders

1564 How He Makes $180k/mo Selling Drone Tech to Mining Sites and OEM's

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 5 November 2019

⏱️ 14 minutes

🧾️ Download transcript

Summary

Ravi Sahu is a founder and CEO of Strayos. Before founding Strayos, he spent more than 12 years working globally with Fortune 500 companies like AT&T, Verizon and British Telecom in various roles, from product management to the building of teams for large digital transformation projects. His area of expertise is in Artificial intelligence and data analytics. He holds an MBA from Washington University in St. Louis and Computer Science engineering degree from India.

Transcript

Click on a timestamp to play from that location

0:00.0

They sell, again, drone AI technology to drilling OEMs, folks in the blasting industry,

0:05.0

anything related to mines. They've got 22 customers today paying about $100,000 ACV, so doing about

0:09.6

180 grand per month right now. They were pre-revenue a year ago, so healthy growth quickly.

0:14.2

They've been efficient with the capital they've raised. 650 grand is where they've raised so far.

0:17.4

Too early to talk about churn and things like that however they are spending about

0:21.1

20,000 bucks to get that $100,000 ACV account and that's a kickback to a distributor who's driving

0:26.2

a bunch of their sales. They've got about 11 people right now based in St. Louis and India. Again,

0:31.3

founded in 2016, looking for hopefully a strategic investor soon where they want to hope to raise

0:36.6

$1.5 million on maybe a $8 8 or 9 million pre-money valuations.

0:41.3

Hello, everybody. My guest today is Ravi Sayu. He is the founder and CEO of a company

0:45.9

called Streyos. Before founding the company, he spent more than 12 years working globally with

0:49.3

Fortune 500 companies like AT&T, Verizon, British Telecom, and various other roles from product

0:53.8

management to building teams for large digital projects. His area of expertise in artificial intelligence companies like AT&T, Verizon, British Telecom, and various other roles from product management

0:54.2

to building teams for large digital projects. His area of expertise in artificial intelligence

0:58.3

and data analytics drove him to launch Streyos, which is essentially a tool that helps with

1:03.1

3D visual intelligence, uh, platforming and mapping using AI and drones to reduce cost and

1:07.4

improve efficiency in mining job sites. Robbie, are you ready to take us to the top?

1:12.6

Absolutely.

1:13.5

Okay.

1:14.0

So, Streyos, is it a, first off, is it a SaaS company?

1:17.0

Is that how you bill?

1:18.6

Yes.

...

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