Swedish AI startup Terra Labs decuples revenue with forest monitoring
Terra Labs, a Swedish AI startup founded by former iZettle executives, has increased its revenue tenfold in one year by offering AI-based forest monitoring via satellite data. The company has secured contracts with Sweden’s three largest forest owner associations.
What happened?
Terra Labs combines satellite data and artificial intelligence to provide forestry companies with real-time analysis of their assets. This includes rapid identification of insect damage, windthrows, and growth deviations. Revenue increased from 1 million SEK in 2024 to 9.6 million SEK in 2025.
Key facts
| Omsättning 2024 | 1 miljon SEK |
|---|---|
| Omsättning 2025 | 9,6 miljoner SEK |
| Omsättningsökning | Nästan 10 gånger |
| Förlust 2025 | 33 miljoner SEK |
| Antal avtalade skogsägarföreningar | 3 |
”Industrin kommer effektiviseras enormt.”
Why it matters
Traditional forest planning often relies on manual inventories that quickly become outdated. By using AI and satellite data, Terra Labs enables significantly faster and more efficient monitoring. This can lead to substantial efficiency gains within the forestry industry.
Who is affected?
Forestry companies and forest owners in Sweden are directly affected through the opportunity to streamline operations. Developers in AI and geospatial data may also see this as a successful case study of applied technology. Swedish forest owner associations such as Södra, Mellanskog, and Norra Skog are directly involved having entered into agreements with Terra Labs.
What else you should know
Terra Labs has declined acquisition offers despite its rapid success. Founders Peder Stahle and Adam von Corswant both have backgrounds at iZettle, which was acquired by PayPal for 19 billion SEK in 2018.
Quick answers about this story
Vad har hänt?
När hände det?
Varför spelar det roll?
Vilka bolag berörs?
Hur fungerar Terra Labs teknik?
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