Helsinki-based Silo AI, a private AI lab that delivers AI-driven solutions and products, announced on Wednesday, June 21, that it has acquired Amsterdam’s Machine2Learn, experts in Machine Learning.
Following Silo AI’s entrance to Canada earlier this year, the acquisition marks yet another milestone in the company’s worldwide expansion.
What does Machine2Learn offer?
Co-founded in 2017 by Dr Ali Bahramisharif and Tom Heskes, a professor at Radboud University, Machine2Learn is a research-oriented company founded in 2017. It offers customised solutions based on machine vision and machine learning, especially for machinery and process quality control.
The company specialises in making machine learning applications’ deployment, management, and maintenance simpler.
Machine2Learn claims that its machine vision solutions offer vital quality control data for the equipment, manufacturing, logistics, and semiconductor industries. Some of its clients include AkzoNobel, T-Mobile, and Unilever, among others.
The founders of the firm are at the forefront of the world’s AI research. Prof Heskes, who has an h-index of 55 and has served as a long-term editor of Neurocomputing, is a specialist internationally and one of the pioneers in machine learning research.
While Bahramisharif previously worked as an Assistant Professor at the University of Amsterdam and as a team leader in the machine learning spin-off company Scyfer which was sold to Qualcomm in 2017.
Speaking on the acquisition, Bahramisharif says, “I am very pleased with this new phase in our company’s story. Silo AI’s ability to create a fast-growing and profitable AI company has been impressive to watch.”
“We gain support for our growth in terms of business and sales development, and the opportunity to serve even larger customers. Silo AI’s vision of European digital sovereignty is perfectly aligned with our values, its foundation is in European values, culture, and trustworthiness.”
“Together, we’re excited to build Silo AI into Europe’s flagship AI company,” adds Bahramisharif.
Aim of this acquisition
Silo AI has acquired Machine2Learn to better service existing clients in the region and to meet the rising demand for AI.
With this deal, Silo AI enhances its presence in the Benelux area and throughout Western Europe. As the firm reacts to the rising need for AI, Dr Ali Bahramisharif and Prof Tom Heskes’ Radboud University spin-off will join forces with Silo AI’s team of “world-class” AI professionals.
Peter Sarlin, CEO and co-founder of Silo AI, says, “Partnering with Ali, Tom and the team is an important step on our mission to build a European flagship AI company. Machine2Learn’s clients, world-class team, close university ties and our shared company culture make us a natural fit as we look to expand across Europe.”
“The acquisition also supports our aim to ensure European digital sovereignty, with the aim to build a leading generative AI and LLM team in the region.”
Seppo Kuula, the MD of Services at Silo AI, adds, “Close proximity to our customers supports the co-creational nature of AI development, and world-class AI research functions as the foundation for building AI-driven products.”
“Machine2Learn enables our international growth in the Benelux region. Through their close ties to cutting-edge AI research and experience in deploying machine learning in production, Machine2Learn strengthens our offering.”
Europe’s largest private AI labs
Silo AI claims to be one of Europe’s largest private AI laboratories, a reliable AI partner that adds a competitive advantage to product R&D. “We build AI-driven solutions and products to enable smart devices, autonomous vehicles, industry 4.0, and smart cities,” says the company.
Silo AI offers access to AI expertise and the Silo OS infrastructure to speed up AI development and deployment.
Established in 2017, the company is on a mission to build a European flagship AI company, with offices currently in Finland, Sweden, Denmark and Switzerland.
Read the orginal article: https://siliconcanals.com/news/silo-ai-acquires-machine2learn/
