About Silo.AI
Silo.AI is a company based in Helsinki (Finland) founded in 2017 by Tero Ojanpera and Peter Sarlin was acquired by AMD in July 2024.. Silo.AI has raised $11.21 million across 3 funding rounds from investors including AMD, European Union and Business Finland. Silo.AI has completed 1 acquisition, including Machine2Learn. Silo.AI offers products and services including SiloGen, Silo OS, and MLOps. Silo.AI operates in a competitive market with competitors including Scandit, Chooch, YITU, CrowdAI and Thehive, among others.
- Headquarter Helsinki, Finland
- Founders Tero Ojanpera, Peter Sarlin
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Silo Ai Denmark Aps
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Products & Services of Silo.AI
Silo.AI offers a comprehensive portfolio of products and services, including SiloGen, Silo OS, and MLOps. 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.
Platform for customizable AI solutions and LLMs as a service.
Customizable operating system for AI-driven applications.
Tools for accelerating AI adaptation in enterprises.
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Software Development Team
297 people
Leadership Team
100 people
Product Management Team
93 people
Sales and Marketing
88 people
Human Resources and Administration
36 people
Finance and Accounting
30 people
Creative and Marketing Team
26 people
Operations Team
22 people
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Funding Insights of Silo.AI
Silo.AI has successfully raised a total of $11.21M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $1.26 million completed in January 2024. 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 3
- Last Round Grant — $1.3M
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First Round
First Round
(20 Jun 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Grant - Silo.AI | Valuation |
investors |
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| Jun, 2022 | Amount | Series B - Silo.AI | Valuation |
investors |
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| Jun, 2019 | Amount | Series A - Silo.AI | Valuation | Business Finland |
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| 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.AI
Silo.AI has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include AMD, European Union and Business Finland. 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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Altor is engaged in private equity investments across multiple sectors.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Innovation, internationalization, and investment support for businesses is provided.
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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.AI
Silo.AI has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Machine2Learn. 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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AI and data analytics services are provided to clients.
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2017 |
| 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.AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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.Ai Comparisons
Competitors of Silo.AI
Silo.AI 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 Scandit, Chooch, YITU, CrowdAI and Thehive, 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 |
Provider of SDK for smart data capture from barcodes, files, and IDs
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Generative computer vision solutions are offered for video stream analysis.
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| domain | founded_year | HQ Location |
AI-based decision intelligence platforms are provided for multiple sectors.
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| domain | founded_year | HQ Location |
Provider of image annotation solutions for autonomous vehicle, drones & satellite images
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| domain | founded_year | HQ Location |
Data labeling solutions for machine learning data tagging are provided.
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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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On-demand services are booked through an app-based platform.
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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.Ai
Frequently Asked Questions about Silo.AI
When was Silo.AI founded?
Silo.AI was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Silo.AI located?
Silo.AI is headquartered in Helsinki, Finland.
Who is the current CEO of Silo.AI?
Peter Sarlin is the current CEO of Silo.AI. They have also founded this company.
Is Silo.AI a funded company?
Silo.AI is a funded company, having raised a total of $11.21M across 3 funding rounds to date. The company's 1st funding round was a Series A of $11.21M, raised on Jun 20, 2019.
What does Silo.AI do?
Silo.AI was founded in 2017 in Helsinki, Finland, and operates in the artificial intelligence sector. Customized AI-powered solutions are delivered using proprietary technologies, with expertise focused on machine learning, computer vision, and natural language processing. Scalable services are offered to business organizations, and a platform for human-centered AI applications is being developed to support various operational needs.
Who are the top competitors of Silo.AI?
What products or services does Silo.AI offer?
Silo.AI offers SiloGen, Silo OS, and MLOps.
How many acquisitions has Silo.AI made?
Silo.AI has made 1 acquisition, including Machine2Learn.
Who are Silo.AI's investors?
Silo.AI has 4 investors. Key investors include AMD, European Union, Business Finland, and Altor.
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