Silo Company Profile

Background

Founded: 2018
Headquarters: San Francisco, California
Industry: Supply Chain Management, Food & Beverage

Silo is a cloud-based platform dedicated to revolutionizing the wholesale food supply chain by enhancing efficiency and transparency. The company's mission is to empower businesses involved in the buying, selling, growing, and shipping of food with adaptive technology, aiming to reduce waste and promote sustainability across the supply chain.

Key Strategic Focus

Silo's strategic focus centers on providing integrated software and financial solutions tailored for the food supply chain. The platform offers a comprehensive suite of tools that automate various aspects of operations, including inventory management, logistics, purchasing, sales, payments, and accounting. By leveraging these technologies, Silo aims to offer real-time visibility into inventories, cash flows, and supplier/customer relationships, thereby enabling businesses to operate more efficiently and sustainably.

Financials and Funding

As of July 2023, Silo has raised a total of $272 million in funding. Notable investors include Andreessen Horowitz, Haystack Capital, Tribe Capital, Collate Capital, Moore Capital, and Koch Disruptive Technologies. The capital raised is intended to further develop Silo's technological offerings and expand its market reach.

Technological Platform and Innovation

Silo's platform is distinguished by its integration of financial technology solutions that span inventory, logistics, buying and selling, capital, payments, and accounting. This connected suite of tools provides businesses with valuable insights, offering real-time visibility into their operations. By automating and streamlining these processes, Silo enables food businesses to grow sustainably and efficiently.

Leadership Team

Ashton Braun: Founder & CEO. Previously part of the founding team at Kite.com.

Matt Chappell: Chief Revenue Officer. Former Senior Vice President of Sales at Legion Technologies.

Magnus Hilding: Vice President of Engineering. Former Vice President of Engineering at Ghost Locomotion.

Ed Goodman: Head of Product. Former Director of Product Management at Plastiq.

Lauren Contreras: Director of Product Marketing. Former Senior Product Marketing Manager at Procore Technologies.

Elizabeth Gray: Director of Operations.

Reid Bartlett: Vice President of Finance.

Jeff Butler: General Manager, Silo Capital.

Sophie Hartshorn: General Manager, Logistics.

Competitor Profile

Market Insights and Dynamics

The wholesale food marketplace is highly competitive, with significant players such as Sysco, US Foods, and Gordon Food Service dominating the industry. The U.S. wholesale food distribution industry generates approximately $300 billion annually. Companies in this sector are increasingly differentiating themselves through product range, quality, technological innovations, and customer service.

Competitor Analysis

Sysco Corporation: One of the largest foodservice distributors in North America, offering a wide range of products to various foodservice establishments.

US Foods: Provides a comprehensive selection of food products and services to restaurants, hotels, and other foodservice operators.

Gordon Food Service: A family-owned distributor emphasizing customer relationships and quality products.

Performance Food Group: Serves a variety of customers, including restaurants and healthcare facilities, with a focus on technology and efficiency.

Strategic Collaborations and Partnerships

Silo has established significant collaborations with investors such as Andreessen Horowitz, Haystack Capital, Tribe Capital, Collate Capital, Moore Capital, and Koch Disruptive Technologies. These partnerships have been instrumental in securing funding and supporting Silo's growth and innovation initiatives.

Operational Insights

Silo's strategic considerations involve leveraging its technological platform to offer unique value propositions in the competitive wholesale food marketplace. By focusing on efficiency, transparency, and sustainability, Silo differentiates itself from competitors and strengthens its market position.

Strategic Opportunities and Future Directions

Looking ahead, Silo aims to expand its technological offerings and market reach, further enhancing its platform to meet the evolving needs of the food supply chain industry. The company's current strengths position it well to capitalize on opportunities for growth and innovation in the sector.