Silo

Founded in 2018 by Ashton Braun and Antonio Bustamante, Silo is a technology company that provides a platform for the perishable food supply chain. The founders' vision was to address the inefficiencies and lack of technology in the agricultural sector. Ashton Braun, the CEO, grew up in a family of potato farmers and experienced firsthand the challenges of managing inventory, sales, and financing.

Silo operates as a B2B platform that serves growers, shippers, wholesalers, and food service companies. The company's business model is centered around its comprehensive platform that integrates several key services. It offers an inventory management system that provides real-time visibility and control over stock levels. The platform also includes a marketplace for buying and selling perishable goods, connecting producers with a wider network of buyers.

In addition to its software solutions, Silo has a significant focus on financial technology. The company provides access to capital and trade financing, helping businesses manage their cash flow and invest in growth. This is a critical service in an industry where payments can be slow and unpredictable. Silo also facilitates secure and efficient payments between parties on its platform.

The company has seen significant growth and has attracted substantial investment. In 2023, Silo raised $32 million in a Series C funding round led by Koch Disruptive Technologies, bringing its total funding to over $270 million. This capital is being used to further develop the platform and expand its reach within the food supply chain.

Keywords: food supply chain, agtech, fintech, perishable goods, inventory management, logistics, wholesale marketplace, B2B, trade financing, agricultural technology