About Silo
Silo is a company based in San Francisco (United States) founded in 2017 by Ashton Braun. It operates as a SaaS (Software-as-a-Service), and Pay-per-Use / Usage-Based. Silo has raised $44 million across 5 funding rounds from investors including First Citizens Bank, Tribe Capital and Jefferies. The company has 56 employees as of December 31, 2021. Silo has completed 1 acquisition, including Bandit ML. Silo offers products and services including Inventory Management, Accounting, and Silo Pay. Silo operates in a competitive market with competitors including Zenput, Ocado Group, Cheetah, SPS Commerce and Full Harvest, among others.
- Headquarter San Francisco, United States
- Employees 56 as on 31 Dec, 2021
- Founders Ashton Braun
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Sectors
RetailConsumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Silo Technologies, Inc.,
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$44 M (USD)
in 5 rounds
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Latest Funding Round
$32 M (USD), Series C
Jul 12, 2023
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Investors
First Citizens Bank
& 13 more
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Employee Count
56
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Silo
Silo offers a comprehensive portfolio of products and services, including Inventory Management, Accounting, and Silo Pay. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Inventory visibility is provided for perishable food businesses.
Financial tracking is enabled for food supply operations.
Fast payments are facilitated for supply chain businesses.
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Software Development Team
7 people
Leadership Team
2 people
Head Team
1 people
Manager Team
1 people
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Funding Insights of Silo
Silo has successfully raised a total of $44M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $32 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $32.0M
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First Round
First Round
(21 May 2019)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Debt – Conventional - Silo | Valuation |
investors |
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| Jul, 2023 | Amount | Series C - Silo | Valuation | Koch Disruptive Technologies | |
| Jun, 2022 | Amount | Debt – Conventional - Silo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Silo
Silo has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include First Citizens Bank, Tribe Capital and Jefferies. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by the venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Multiple-stage venture capital investments are managed by Haystack.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Silo
Silo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bandit ML. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of marketing solution for e-commerce businesses
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Silo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Silo Comparisons
Competitors of Silo
Silo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zenput, Ocado Group, Cheetah, SPS Commerce and Full Harvest, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Zenput is utilized as an operations execution platform for multi-unit operators.
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| domain | founded_year | HQ Location |
Software solutions for online grocery fulfillment and operations are provided.
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| domain | founded_year | HQ Location |
Groceries for restaurants are sourced via an online platform.
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| domain | founded_year | HQ Location |
Software suite solutions for retail supply chain are provided.
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| domain | founded_year | HQ Location |
B2B marketplace for imperfect food produced
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Silo
Frequently Asked Questions about Silo
When was Silo founded?
Silo was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Silo located?
Silo is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Silo?
Ashton Braun is the current CEO of Silo. They have also founded this company.
Is Silo a funded company?
Silo is a funded company, having raised a total of $44M across 5 funding rounds to date.
How many employees does Silo have?
As of Dec 31, 2021, the latest employee count at Silo is 56.
What does Silo do?
Purpose-built software is offered by Silo for the food supply chain. Real-time operational insights are enabled to unlock cash flow and support growth. Inventory management, accounting, and payment solutions are included in the offerings. The platform serves businesses across 85 countries, focusing on perishable goods. Seamless integration with existing systems is ensured, alongside superior customer support. Sectors such as agriculture and food distribution are primarily targeted.
Who are the top competitors of Silo?
Silo's top competitors include SPS Commerce, Zenput and Confident Cannabis.
What products or services does Silo offer?
Silo offers Inventory Management, Accounting, and Silo Pay.
How many acquisitions has Silo made?
Silo has made 1 acquisition, including Bandit ML.
Who are Silo's investors?
Silo has 14 investors. Key investors include First Citizens Bank, Tribe Capital, Jefferies, Koch Disruptive Technologies, and Seven Seven Six.
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