Silo AI acquires FINNOPT to strengthen its position in industrial AI and optimization

Silo AI expands into industrial optimization by acquiring the business of the technology consulting company FINNOPT. The acquisition strengthens Silo AI’s ability to create value to its global clientele in Industry 4.0 and autonomous vehicles, among others.


Silo AI is the largest private AI lab in the Nordics that serves as a trusted AI partner for its clients, bringing competitive advantage to product R&D. With the acquisition of FINNOPT, Silo AI further expands its offering with FINNOPT’s world-class researchers in the area of optimization. The FINNOPT team combines a strong scientific background with decades of experience in successfully delivering industrial projects in optimization and machine learning for clients like ABB, Kone, Konecranes, Tana, and Tornator. The experts will add their extensive knowledge in multiobjective optimization, nature-inspired optimization methods and overall in developing optimization-based products to Silo AI’s experience from delivering 100+ AI-driven solutions and products to enable autonomous vehicles and Industry 4.0.

Silo AI is happy to welcome leading experts from FINNOPT to their team. Warm welcome Markus Hartikainen (PhD), Karthik Sindhya (PhD, Docent), Jussi Hakanen (PhD, Docent) and Vesa Ojalehto (PhD)! With the FINNOPT employees joining as part of the Silo AI family, Silo AI is now also opening a new office in Jyväskylä. Together, Silo AI and FINNOPT now form a world-class team of more than 140 people, with more than 80 of the entire team holding a PhD degree in related fields.

“On our growth path, we are excited to expand into industrial optimization by joining forces with FINNOPT. Several business-critical aspects, such as production, schedules and supply chains, can be optimized with sophisticated AI-driven methods. We look forward to strengthening the collaboration in these areas with our industrial clients,” says Peter Sarlin, CEO of Silo AI. 

“Silo AI strategy is to accelerate our growth with M&A to better serve our clients in different industry sectors,” says Tero Ojanperä, Chairman of Silo AI. “Therefore, we welcome FINNOPT and are actively looking for new partnering opportunities.”

“FINNOPT has delivered value to its clientele through innovative AI, machine learning, and optimization-based solutions. We’re happy to join forces with Silo AI with the ultimate aim of building a European flagship AI company”, FINNOPT team members say.

More information

About Silo AI
Silo AI is the largest private AI lab in the Nordics – a trusted AI partner that brings competitive advantage to product R&D. We build AI-driven solutions and products to enable autonomous vehicles, industry 4.0, and smart devices, networks and cities. Silo AI provides its customers unique access to world-class AI expertise, as well as the Silo OS infrastructure to speed up AI development and deployment. Established in 2017, Silo AI is on its path to becoming the European flagship AI company, with offices currently in Helsinki, Turku, Oulu, Jyväskylä, Stockholm, London and Palo Alto.

Media

Pauliina Alanen, Comms & Marketing Lead, Silo AI

+358 50 462 2533

pauliina.alanen@silo.ai

Business

Peter Sarlin, CEO, Silo AI

+35840 572 7670

peter.sarlin@silo.ai 

About FINNOPT

FINNOPT is a technology consulting company established in 2015 at Jyväskylä, Finland. The company was set up as a spin-off from the University of Jyväskylä, Finland. FINNOPT aims to help companies make better business decisions using AI, machine learning and optimization-based solutions. FINNOPT has a varied client base in Finland and beyond, and has developed big data, optimization and artificial intelligence solutions for forestry, health care, waste and wastewater management, elevator scheduling and accounting to name a few.

Karthik Sindhya, VP, Sales & Marketing, FINNOPT

+358 40 5020418

karthik.sindhya@finnopt.com