SiB Solutions AB is a leading logtech company based at Ideon Science Park, which integrates cost-saving Intelligent Video and AI Services in the warehouse logistics chain. Sib Solutions just closed a SEK 22 million (US$2.0m/€2.0m) funding round of common stock. In addition to financing the Company’s operations to cash-flow break-even, the funds will accelerate SiB Solutions’ global growth by expanding the sales organization and increasing investments in product development.
Powered by its groundbreaking proprietary software, SiB Solutions offers a subscription-based Intelligent Video and AI Service (SaaS), that provides an effective tool to detect and prevent deviations in goods management. The service can be used throughout the entire transaction chain: Inbound logistics, outbound logistics, and inventory handling within warehouses, manufacturing sites, transportation, last-mile operations, and store logistics.
With approximately 180,000 warehouses globally, warehouse losses from misplaced goods are estimated to amount to US$400bn annually, providing a significant
market potential for SiB Solutions. Founded in 2017, SiB Solutions has sold and implemented its services at 45 logistics sites across 8 countries in Europe and North America. Customers include world-leading Third Party Logistics operators and large industrial companies with global distribution. Global partnerships with Axis Communications, the industry leader in video surveillance, and tech-giant IBM enable a decentralized and seamlessly scalable operation.
In 2024, SiB Solutions’ Contracted Annual Recurring Revenue (“CARR”) increased by 40 percent and CARR per site increased by 25 percent. Lead investors in the financing were Willard Ahdritz, founder and chairman of Kobalt Music Group, and former investment banker Svante Andreen, with participation from existing shareholders, and other new investors.
“With a fully funded business plan and a strengthened ownership structure, we are now accelerating SiB Solutions’ development and global footprint as a soon-to-be profitable company. We are very proud of what we as a team have achieved so far and enthusiastic about the future”, says Stefan Borg, founder and CEO of SiB Solutions.
For more information, please contact
CEO Stefan Borg
Tel: +46 (0)705 784 667
