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Silo

Capital and technology solutions for the food supply chain

Silo logo
101-200 employees
  • B2B
  • Artificial Intelligence
  • Enterprise
  • Food
  • Payments
  • Lending
  • Data Analysis
  • Automation
  • Cloud Computing
Telegraph Hill, San Francisco, CA

Company mission

Silo is on a mission to revolutionize the wholesale produce supply chain through technology.

Top investors

44% employee growth in 12 months

Our take

The wholesale food industry in the US is huge, but it remains riddled with inefficiencies, resulting in huge quantities of food and resources being wasted every year. Silo sets out to solve this problem, with AI-powered supply and demand software and industry-tailored financing.

Silo's software platform features tools that forecast supply and demand, automate operations, and manage farm-to-wholesaler relationships, all presented through easy-to-access, cloud-based software. It also supplies cost effective and discreet access to working capital that is made to be built-in to the existing operations of produce businesses.

With its unique approach to optimizing the produce food chain (other efforts tend to focus on more efficient farming techniques), Silo stands out as a strong contributor to reducing food waste that operates from its own angle. Recent funding will be used to expand its capital program, on the financing side of the business, in order to offer specialised lending experiences to produce distributors and shippers of a variety of sizes.

Steph headshot

Steph

Company Specialist at Welcome to the Jungle

Benefits

  • Flexible schedules
  • 401(k)
  • Company sponsored health insurance
  • Wellness and meal stipends
  • Unlimited PTO
  • Substantial paid parental leave policy

Funding (last 2 of 5 rounds)

Dec 2023

$35m

LATE VC

Jul 2023

$32m

SERIES C

Total funding: $104m

This company has top investors

Leadership

Previously on the founding team at Kite.