Polish startup SP Tech Solutions recently secured a €2.7 million funding round from Vinci HiTech fund to further develop its rail transport optimisation systems. The funding will fuel technological advancements, feature expansions, and international market growth. SP Tech Solutions has experienced exceptional growth, with revenue soaring by nearly 1000% in the last two years.
The company’s flagship product, the Raily suite, addresses challenges in the rail transport sector by enhancing operational efficiency, reducing costs, and automating processes. This aligns with European Green Deal objectives to cut transport emissions significantly by increasing rail freight. SP Tech Solutions’ CEO, Piotr Sikorski, highlighted the system’s benefits for rail carriers, including savings, automation, and addressing labour shortages.
The Raily suite comprises three tools: Raily Taxi for transport team organisation, Raily Cargo for freight planning, and Raily Marketplace for service bookings. SP Tech Solutions plans to leverage the recent investment to enhance AI technology, expand globally, and grow its team by 50%, focusing on sales, marketing, and development efforts.
Vinci HiTech fund’s CEO, Piotr Wolinski, emphasized SP Tech Solutions’ strategic alignment with future rail transportation goals amid sustainability and CO2 reduction initiatives globally. The company’s innovative solutions position it for significant success in the rail transport industry.
