SiB Solutions raises SEK20m to accelerate international growth
New and existing shareholders, including Scania Growth Capital, back the logistics video-analysis company as its US contracted recurring revenue doubles.
Financing alongside US expansion
SiB Solutions has raised SEK20 million from new and existing shareholders, including Scania Growth Capital. The Lund company is expanding its AI-driven video-analysis services for logistics operations.
Chief executive Stefan Borg told Rapidus that contracted annual recurring revenue in the US had doubled so far in 2026. More than half of the company’s revenue now comes from outside the Nordics, according to the report.
Prioritising growth
The funding adds resources to continue that expansion. Borg said the company was choosing to invest in growth opportunities and aimed to reach profitability in 2027. SiB’s systems monitor goods as they move through warehouses and help operators identify handling errors.
Use of funds
Expand international logistics business