Deep connected vehicle Platform startup Sibros secured $12 million in Funding

Sibros, a California based deep connected vehicle Platform, has now secured $12 million in Series A funding round.

Sibros is founded by the Hemant Sikaria. It offers a platform to connect and manage all the vehicle software inventory and configurations to orchestrate full-in vehicle firmware updates as well as deep data collection from sensors and components for advanced analytics.

Hemant Sikaria, CEO of Sibros, said, "The acceleration of the software-defined vehicle has thrown automakers into a chaotic new maze of software and data management complexity. In order to stay ahead and enable new functionalities, OEMs must adopt a software-first approach throughout the entire vehicle lifecycle. Sibros is privileged to have the trust of our customers to help drive this charge."

Abhishek Sharma, Principal at Nexus Venture Partners, said, "Sibros has grown rapidly in a short time by building a unique software platform to help global automakers adapt to transportation mega-trends that are reshaping our global economy. We are thrilled to support this highly experienced team doing important work to support the future of mobility."

The round which brought the total funding secured to $15 million was backed by the Nexus Venture Partners. Other participating investors include the Twin Ventures and Moneta Ventures.

The company, as of now, has plans to use the new funds to expand its product offerings, the core team in Silicon Valley, and further expand on customer engagement.

PC: Pablo, Unsplash