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Silo provides software and financing solutions for the food supply chain to help businesses manage perishable goods more efficiently. It combines SaaS tools for inventory, orders, payments, and logistics with financial services like Instant Pay and Cash Advance to improve liquidity and cash flow. Revenue comes from subscription fees for the software and service charges for financial offerings. By streamlining operations and offering financing, Silo aims to help food‑related businesses stay competitive in a demanding market.
Industries
Food & Agriculture
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$304M
Headquarters
San Francisco, California
Founded
2018
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Total Funding
$304M
Above
Industry Average
Funded Over
7 Rounds
Silo technologies have acquired Pet Tiger Orange Enterprises in a deal that was supported by Banneker Partners The acquisition is a significant advancement in consolidation of software tools that serve the produce and food supply chain It shows the growing ...
Silo, a Bay Area food supply chain software startup, laid off ~30% of its staff, over two dozen employees, amid M&A discussions. The layoffs were due to revenue drops caused by a delinquent customer loan, which led to a pause in Silo's lending product. Silo has since resolved the issue with its banking partner and can lend again but will proceed cautiously. The company provided severance packages and recruiting support to affected employees.
Disclosure: AgFunderNews’ parent company is AgFunder. Agtech deals of 2023 followed much the same trajectory as other tech sectors, with lower valuations and far fewer mega-rounds than seen in the VC heyday of 2021 and early 2022. This year also saw a shift towards more investment in climate-focused solutions, hence the multiple waste-to-energy startups and carbon-related companies on the list below. Ag biotechnology, which includes the biologicals sector, was another strong category this year
The additional funding will advance Silo's capacity to develop modular solutions that encompass inventory management, freight logistics, enhanced order management, modern payment options, and innovative capital solutions.
LogiNext has launched a payment module that helps enterprises select carriers and manage payments. The new module facilitates better decisions in choosing carrier partners by comparing the charges of different carriers and drivers via rate charts that are enabled by artificial intelligence (AI) and automation, the logistics automation firm said in a Thursday (Aug. 3) press release. The module considers product specification, delivery distance, discounts and other factors essential to selecting a carrier, according to the release
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Industries
Food & Agriculture
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$304M
Headquarters
San Francisco, California
Founded
2018
Find jobs on Simplify and start your career today