M&A veteran joins Silo AI to fuel growth on the path to building a European AI flagship

Joni Aaltonen, former CEO of private healthcare service provider Pihlajalinna and CFO of technology company Plenware, joins Silo AI as VP, Growth and Strategy to spearhead the company's ambitious M&A and growth plans.

In the past five years Silo AI has organically grown to be one of Europe’s largest private AI labs with more than 240 employees. As a partner to many industry-leading AI initiatives, Silo AI's team with more than 120 PhD-level AI experts is one of the largest in Europe. With several groundbreaking initiatives and global expansions, most recently the launch of SiloGen and expansion to Canada with the opening of an office in Vancouver, B.C., Silo AI is accelerating its growth.

To further fuel these growth and expansion activities, M&A veteran Joni Aaltonen is joining the ranks at Silo AI as VP Growth and Strategy. In line with the earlier announced partnership between Silo AI and Altor Equity Partners on international expansion and M&A, Aaltonen will provide decades of experience in steering through rapid growth and M&A.

"After five years of strong organic growth, going from 0 to a team of 240 top-notch AI experts and a long list of industry-leading clients, we are excited to welcome Joni Aaltonen to the team. Joni will bring more than 20 years of experience in building structures for rapid scaling and to also explore avenues in fueling growth with M&A. With the current generative AI wave, we believe demand for world-class AI capabilities will increase, and are ready to meet this demand.” Says Peter Sarlin, CEO and co-founder of Silo AI.

Joni Aaltonen has most recently served as the CEO of Pihlajalinna, a private health care service provider. During his time at Pihlajalinna in various roles such as CFO, COO and Head of M&A, the company grew from 16 million to 700 million euros in revenue. Joni Aaltonen spearheaded many mergers and acquisitions as well as growth projects while at Pihlajalinna. In addition, he has been involved in Mediware, Descom and VMP Group's IPO and acquisition of Smile Personnel Services. Before Pihlajalinna, Joni served as CFO in scaling technology company Plenware before its acquisition by Cybercom.

Joni Aaltonen says “I’ve always been a bit of a change agent. While I had several options on the table, the opportunity to join Silo AI at this stage, when both the company and the AI industry are maturing is very inspiring. I see many future applications for AI and I am excited to be part of shaping this industry and defining how to get the most commercial value out of these technological advancements. Silo AI has come further on this path than many other companies in the field, I look forward to contributing my experience and skills into building a true European AI flagship.”