Altor Fund V (“Altor”) has signed an agreement to partner and invest in the artificial intelligence (AI) company Silo AI Oy (“Silo AI”), one of Europe’s largest private AI labs, to support the continued growth of the company. All founders, incl. 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.
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Target – Silo AI Oy
Buyer – Altor Equity Partners AB
Seller – Shareholders
