Venture Architect & Optimist • CEO at Springvest Plc • Serial Entrepreneur, eg. Naava • Startup Scientist • Writes for Forbes & Hosts #Cofounderi Podcast • Board, angel, advisor
AMD acquires Finnish Silo AI for $665M in all cash! Congratulations to team Silo.AI, a private Finnish AI lab, for the achievement! Excellent, persistent, and fearless work, Tero Ojanperä, Peter Sarlin, Ville Hulkko, et al. And good luck with the next steps with AMD! Link in the comments! #exit
Sorry Aki - but is this a good price? Obviously, I am not privy to the details of the deal and I don't want to come across as an armchair critic but this feels like a low price. Now don't get me wrong I wouldn't mind 665M in cash in my back pocket and I don't want to take anything away from the team's efforts. Scaling a business towards a successful exit is exceptionally hard work. Therefore my point is this is a case of another Finnish company selling "too soon" where they could have gone on to be a great enduring company and strengthened the ecosystem that way. I don't know hence my genuine question.
Awesome! More to come from Finland ecosystem hopefully.
Wow!
Wow! Congratulations to the whole team!💥
Venture Architect & Optimist • CEO at Springvest Plc • Serial Entrepreneur, eg. Naava • Startup Scientist • Writes for Forbes & Hosts #Cofounderi Podcast • Board, angel, advisor
2whttps://www.silo.ai/blog/amd-to-acquire-silo-ai-to-expand-enterprise-ai-solutions-globally