Silo AI in an an equity deal backed by Altor.

Silo.AI, a Helsinki, Finland-based company providing AI services, announced securing a growth equity raise.

The deal was made for a minority equity stake acquired by the Swedish private equity investors from Altor Funds.

Part of the deal, chairman Tero Ojanperä and CEO Peter Sarlin, will continue in their roles and remain major shareholders. The funding will be used to accelerate Silo AI’s expansion in the Nordics and in Europe, supporting the company’s vision of building safe, human-centric AI.

Silo.AI, founded in 2017 by CEO Peter Sarlin, is an AI solution and service provider in the Nordics that offers scalable expertise in machine learning, computer vision and natural language processing. The company provides state-of-the-art AI expertise and tooling, having delivered over 200+ production-level AI projects through a team of 240+ employees out of which 50% have PhDs. Customers include Allianz, Danske Bank, Körber, Philips, Rolls-Royce, Sandvik and the United Nations, and produced revenue in 2021 just north of €12 million.