Sibros closes $12 mn Series A funding for its connected vehicle platform

Valuation & Biz-Modeling

Connected vehicles platform Sibros has raised $12 million in a Series A funding led by Nexus Venture Partners with participation from Moneta Ventures and Twin Ventures.

The Pune- and San Jose-based startup plans to use the funding to expand its product offerings, customer engagement, and core teams in Silicon Valley and in other locations it operates in. Till date, the firm has raised over $15 million in funding.

Led by a team of former Tesla, Faraday and Uber engineers, the Sibros platform helps manage a connected vehicle’s software inventory and configurations. It allows vehicle owners to orchestrate full in-vehicle firmware updates as well as deep data collection from every sensor and component for advanced analytics.

The data can be utilized by automakers for delivering new connected apps to vehicles owners, and also helps address firmware defects to issue critical updates over-the-air (OTA) using the Internet.

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Mr. Chander Sawhney

Partner & Head-Valuation and Biz Modeling

chander@indiacp.com

+91 9810557353

+91 11 40622252



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