Key Takeaways

• Foresight Canada has included Drishya AI in its list of the most investable cleantech companies of 2024. This is the second time the company has made the list after 2021.

  
  

• The company is a pioneer in AI-powered digital twin technology for operational efficiency, carbon reduction, and net zero emissions.

  
  

• Amardeep Sibia, Founder and CEO of Drishya AI, says, “We are thrilled to be recognized and committed to our sustainability and innovation goals.

  
  

• Drishya AI’s solutions help reduce global emissions by assisting industries to adopt renewables and clean energy sources to achieve net zero emissions.

Drishya AI's Foresight 50 Recognition: A Testament to Cleantech Innovation

Drishya AI has made the 2024 Foresight 50 list for the second time, a prestigious recognition by Foresight Canada that identifies the most promising cleantech companies in the country. This recognition highlights companies that show innovation, scalability, and potential to reduce greenhouse gas emissions.

Amardeep Sibia receiving the recognition on behalf of Drishya AI for being among top 50 cleantech ventures of 2024 at the Foresight 50 event.

The Paris Agreement signed by 196 countries in 2015 aims to limit global warming to 1.5 degrees Celsius. Drishya AI’s innovations help achieve this goal by providing AI-powered solutions that help industries achieve net zero emissions.

Amardeep Sibia on Drishya AI’s Recognition

We are incredibly honored to be recognized again as one of Canada’s top cleantech ventures. This recognition reflects our team’s dedication to developing innovative AI solutions that help industries reduce emissions and achieve sustainability goals. Our mission remains to empower industries to embrace digital transformation and contribute to net-zero targets.

Amardeep Sibia speaking at the Foresight 50 event after Drishya AI received the recognition of being among top 50 cleantech ventures of 2024.

Drishya AI: Pioneering Intelligent Asset Management and Digital Twins

Drishya AI’s commitment to digital transformation is reflected in its AI-powered solutions—Artisan, Brains, and Junior—that combine real-time data, advanced analytics, and centralized management systems. Industries can simulate, monitor, and optimize operations by creating digital twins of physical assets to increase efficiency and provide a decision-making and resource management framework. This approach helps decarbonize and digitalize industries such as oil and gas, utilities, engineering, procurement, construction (EPC), and process industries in North America and beyond to reduce global emissions.

Artisan: Digitizing Engineering Documents & Processes

Artisan simplifies engineering processes by converting paper-based P&IDs into smart, interactive CAD files. This AI-powered tool reduces time and resources by 90%, enabling industries to adopt more efficient workflows and support their climate action.

Brains: AI for Making Industrial Equipment Intelligent

Brains, Drishya AI’s AI co-pilot, adds intelligence to industrial operations. It helps industries self-monitor, self-diagnose, and self-optimize, reducing carbon emissions and improving energy efficiency. By minimizing residual emissions and optimizing processes, Brains enables industries to advance their net zero emissions goals.

Junior: The Industrial Co-Pilot

Junior is an AI-powered assistant that provides real-time insights and optimizes operations to reduce downtime and carbon emissions. It analyzes data and gives recommendations so industries stay connected and efficient.

Drishya AI’s Impact on Sustainability

Drishya AI is leading the industrial revolution with its digital twin technology. By creating a digital version of physical assets, Drishya AI enables industries to do predictive maintenance, reduce downtime, and increase operational efficiency. This virtual representation allows real-time monitoring and optimization to reduce carbon emissions and carbon footprint. By using Drishya AI’s solutions, industries can greatly impact sustainability and contribute to a more sustainable future and the global fight against climate change.

Introduction to Foresight 50

Foresight 50 is a pioneering program that showcases Canada’s most investible cleantech ventures, connecting them with international investors to raise capital and multiply their impact. Since its inception in 2021, the program has been spotlighting Canada's top 50 cleantech companies, covering a wide range of sectors and regions across the country. These ventures are at the forefront of innovation, driving the transition to net zero emissions and promoting sustainable growth. By highlighting these leading companies, Foresight 50 plays a crucial role in advancing the cleantech industry and supporting global climate action.

The Foresight 50 Selection Process

The Foresight 50 selection process is tough and based on the following criteria:

• Investibility: Ventures must show strong growth potential, scalability, and return on investment. This means the selected companies must be innovative, financially viable, and attractive to investors.

• Innovation: Ventures must have a game-changing solution to environmental problems, such as reducing greenhouse gas emissions and promoting renewable energy. This criterion emphasizes the importance of creativity and technology in cleantech.

• Impact: Ventures must show a clear commitment to sustainability and positive environmental and social impact. This includes measurable reduction in global emissions and net zero emissions goals.

By following these criteria, Foresight 50 ensures the selected ventures are poised to deliver environmental and economic benefits

Cleantech Industry Trends

The cleantech industry is moving fast, driven by climate change, global emissions, and the need for sustainable solutions. Some of the trends are:

• Renewable Energy Adoption: There is a big shift towards renewable energy sources like solar and wind power to reduce carbon emissions and combat global warming. This is necessary for net zero emissions and limiting warming to pre-industrial levels.

• Energy Efficiency Solutions: The demand for energy efficiency solutions like smart grids and predictive maintenance is increasing. These technologies reduce energy consumption, waste and overall efficiency to reduce greenhouse gas emissions.

• Digital Twins and Virtualization: Digital twins and virtualization is becoming more common in industrial processes. These technologies allow companies to simulate, monitor and optimize operations to reduce emissions and sustainability.

These trends show the industry is serious about climate change and reducing global emissions through innovation and sustainability.

Cleantech’s Role in Achieving Net Zero Emissions

Cleantech ventures like Drishya AI are key to net zero emissions targets. These companies innovate in areas like renewable energy, energy efficiency, and carbon capture. Cleantech companies reduce greenhouse gas emissions and support sustainable growth by solving climate problems.

The Foresight 50 program showcases the importance of cleantech in global climate action and positions the selected ventures to lead the charge against global emissions.

How Drishya AI Helps Industries Adopt Cleantech

Drishya AI helps industries achieve net zero emissions through AI-driven solutions that improve efficiency, reduce emissions, and optimize processes. By using digital twin and advanced analytics, Drishya AI helps industries:

• Reduce carbon emissions and residual emissions

• Improve energy efficiency and operational excellence

• Real-time insights for better decision-making and growth

• Better infrastructure and connected operations

Foresight 50’s Role in Promoting Cleantech

Winners of Foresight 50 for 2024, including Drishya AI Labs.

Foresight 50 is key to promoting cleantech innovation and adoption in Canada and globally. By highlighting the most investible cleantech ventures, the program:

• Provides a Platform: Foresight 50 connects cleantech ventures to international investors so they can raise capital and scale impact. This is critical for scaling innovative solutions and going mainstream.

  
  

• Increases Visibility: By showcasing cleantech ventures’ solutions and impact, Foresight 50 increases its visibility and reach to a global audience. This attracts new opportunities and partnerships.

  
  

• Facilitates Connections: The program connects ventures and investors to drive growth and adoption of cleantech solutions. These connections are key to advancing the cleantech industry and net zero emissions.

Through this Foresight 50 recognition, the cleantech sector grows.

Future Growth and Innovation

As industries are forced to go green, Drishya AI will keep innovating and supporting clients with scalable solutions to drive growth and solve climate problems. Through partnerships and collaborations with investors and companies, Drishya AI is ready for a net zero future.

Conclusion

Foresight Canada’s recognition of Drishya AI as one of the top 50 cleantech ventures of 2024 is a testament to its commitment to sustainability, innovation, and operational excellence. By using AI, Drishya AI helps industries reduce emissions, improve efficiency, and achieve net zero emissions. As a leader in digital twins, Drishya AI will shape the future of cleantech and global climate action.