Silo.AI Acquisition, Valuation, Funding & Investors

Silo.AI was acquired by AMD for $665M in July 2024, a 28.9x multiple on $23M of revenue.

Silo.AI acquisition price

$665M

Acquired by AMD · Jul 2024

Silo.AI revenue at acquisition

$23M

Last twelve months · Jul 2024

Silo.AI revenue multiple at acquisition

28.9x

EV/Revenue · Jul 2024

Cumulative funding Silo.AI raised

$11M

across 2 funding rounds

Silo.AI Overview

About Silo.AI

Silo.AI is a Helsinki-headquartered private AI laboratory creating machine learning models for autonomous vehicles, smart cities, and industrial applications. The company develops computer vision and natural language processing technologies deployed in automotive production lines by clients like Valmet Automotive and Kongsberg Maritime. Acquired by AMD in 2024, Silo.AI supports sectors including mining and aerospace with generative AI agents that optimize operations in heavy machinery and maritime vessels.


Founded

2017

HQ

FinlandHelsinki

Website

silo.ai

Status

Acquired

Customer focus

B2B

Revenue model

Licensing

Revenue

$13M (Jun 2022)

Valuation

$665M (acquired Jul 2024)

Silo.AI Acquisition

Silo.AI was acquired by AMD for $665M on 10 July 2024.

The acquisition price implies a 28.9x revenue multiple on $23M of revenue.

Before the acquisition Silo.AI had raised $11M across 2 funding rounds.

AMD acquired Silo AI, Europe's largest private AI lab based in Helsinki, Finland, in an all-cash transaction valued at approximately $665 million. The deal closed in August 2024. Silo AI is a 300-person team of AI scientists and engineers specializing in end-to-end AI-driven solutions for enterprise customers including Allianz, Philips, Rolls-Royce, and Unilever, with demonstrated expertise in developing state-of-the-art large language models like Poro and Viking trained on AMD platforms and spanning cloud, embedded, and endpoint computing markets. AMD's acquisition of Silo AI represents a strategic move to build a comprehensive AI stack to compete with Nvidia's dominance in AI infrastructure and software. The deal is part of AMD's broader AI strategy that included over $125 million in investments across a dozen AI companies and prior acquisitions of Mipsology and Nod.ai. Silo AI CEO and co-founder Peter Sarlin continued leading the team as part of AMD's Artificial Intelligence Group under senior vice president Vamsi Boppana, with the company maintaining its headquarters in Finland and European operations to preserve its role as an anchor for the European AI ecosystem. The acquisition reflects AMD's competitive positioning against entrenched players like Nvidia and emerging hyperscalers including Google, Microsoft, Meta, and Amazon in the AI chip-to-platform market. By acquiring Silo AI's talent, proven customer relationships, and demonstrated capability to develop and deploy production-scale AI models on AMD hardware, AMD gained both technical capabilities for software optimization and commercial validation of its Instinct accelerators in real-world enterprise AI applications.

Silo.AI acquisition details
AcquirerDateTypePriceEV/Revenue
10 Jul 2024Strategic M&A$665M28.9x

Silo.AI Revenue

Silo.AI's latest recorded revenue is $13M, as of its undisclosed-stage round in June 2022.

Silo.AI revenue by funding round

Silo.AI revenue and valuation multiple by funding round
DateRevenue *Stage
Jun 2022$13MUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Silo.AI Funding History

Silo.AI has raised a total of $11M across 2 funding rounds.

Silo.AI's first fundraising round was a $11M Series A in June 2019. The most recent completed round was a undisclosed-stage round in June 2022.

Silo.AI funding rounds

Silo.AI funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2022Undisclosed stageAltor-Altor Fund V signed an agreement to invest in and partner with Finnish artificial intelligence company Silo AI to support its expansion in the Nordics and Europe. All founders, including chairman Tero Ojanpera and chief executive Peter Sarlin, continued in their roles and remained major shareholders. Silo AI had revenue just over EUR 12 million in 2021 and more than 240 employees at the time of the investment.
Jun 2019Series ABusiness Finland (lead)$11MSilo.AI, a Helsinki-based AI services provider founded in 2017, raised €10 million in June 2019 from the Business Finland Growth Engine program and unnamed angel investors. The company, which claimed to be the largest private AI services provider in the Nordics, operated with a team of 40 people building customized end-to-end AI solutions and providing consulting services. The funding was intended to expand the company's platform and accelerate its market entry into Europe. Prior to this external funding round, Silo.AI had bootstrapped itself to profitability, with co-founder Peter Sarlin noting the company's sustainable growth strategy alongside its clients. The company later maintained strong revenue growth through 2021-2022, reporting €12.3 million in revenue in 2021 and €14.3 million in 2022, before being acquired by AMD in 2024 for $665 million in what became Europe's largest AI acquisition.

Who has invested in Silo.AI?

2 investors have backed Silo.AI across its funding rounds, including Business Finland and Altor.

Lead investors include Business Finland.


Silo.AI Investors

Investors in Silo.AI by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Silo.AI

Silo.AI has acquired 2 companies to date.

Last acquisition by Silo.AI was on June 21st 2023. Silo.AI acquired Machine2Learn for undisclosed valuation.


Latest Acquisitions by Silo.AI

Machine2Learn
FINNOPT
Description
Machine2Learn is an AI provider delivering anomaly detection, vision-based inspection, object detection, recognition, and predictive maintenance solutions to industries, healthcare, and service sectors.
FINNOPT is a Finnish software provider delivering optimization tools and consulting for manufacturing and logistics sectors. Its platforms enable production planning, supply chain design, and decision support through mathematical modeling. Clients use FINNOPT solutions for mill scheduling in pulp and paper, vehicle routing in transport, and facility layout in energy production. The company operates from Oulu and serves Nordic industries with custom algorithms reducing costs by modeling complex constraints.
HQ CountryNetherlandsFinland
HQ City
Amsterdam
Jyväskylä
Deal Date21 Jun 20239 Apr 2021
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Silo.AI Competitors

Silo.AI competitors include listed companies like Cmes Robotics, Kodiak AI and UBtech Robotics, and private ones like MegaRobo, Advanced Navigation and Deeproute.

Public and private companies comparable to Silo.AI
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Cmes RoboticsSouth KoreaSouth KoreaPublicly listed$10M($12M)$157M-
Kodiak AIUnited StatesUnited StatesPublicly listed$4M($577M)$768M98.7x
MegaRoboChinaChinaPrivate--$1B-
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x
Advanced NavigationAustraliaSydneyPrivate$38M-$710M18.8x
DeeprouteChinaShenzhenPrivate--$600M-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
RoboStrategy------
Shenzhen Sunwin$20M($147M)37.7x-(5.0x)-
Reconova Technologies$66M($8M)10.0x-(82.0x)-
Unisound Ai Technology$181M($22M)3.0x2.1x(24.5x)(36.1x)
Beijing Deep Glint Tech$23M($29M)25.1x8.7x(19.8x)(80.2x)
Huayan Robotics$58M($4M)12.8x9.5x(184.5x)(3194.4x)
Kodiak AI$4M($577M)233.9x98.7x(1.5x)(6.6x)
Beijing Haitian Ruisheng$56M$5M13.8x14.0x160.9x-

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Common questions about Silo.AI

When was Silo.AI founded?Silo.AI was founded in 2017.
Where is Silo.AI headquartered?Silo.AI is headquartered in Helsinki, Finland.
Is Silo.AI publicly listed?No, Silo.AI was acquired by AMD in July 2024.
Who acquired Silo.AI?Silo.AI was acquired by AMD in July 2024.
How much was Silo.AI acquired for?Silo.AI was acquired for $665M in July 2024, a 28.9x revenue multiple.
How much funding has Silo.AI raised?Silo.AI has raised $11M across 2 funding rounds.
What was Silo.AI's last funding round?Silo.AI's last funding round was a undisclosed-stage round in June 2022.
Who are Silo.AI's investors?Silo.AI's investors include Business Finland and Altor.
What is Silo.AI's revenue?Silo.AI's latest recorded revenue is $13M (June 2022).
Which companies are comparable to Silo.AI?Companies comparable to Silo.AI include Cmes Robotics, Kodiak AI, MegaRobo, UBtech Robotics, Advanced Navigation and Deeproute.
How many companies has Silo.AI acquired?Silo.AI has acquired 2 companies, including Machine2Learn and FINNOPT.

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