Sibros, a San Jose, Calif.-based deep connected vehicle platform company, raised $12m in Series A funding.
The round, which brought the total capital raised to date to over $15m, was led by Nexus Venture Partners with participation from Moneta Ventures and Twin Ventures.
The company intends to use the funds to expand its product offerings, customer engagement and core teams in Silicon Valley and beyond.
Led by Hemant Sikaria, CEO, Sibros provides a platform that connects and manages all vehicle software inventory and configurations to orchestrate full in-vehicle firmware updates as well as deep data collection from every sensor and component for advanced analytics. This deep vehicle-to-cloud approach enables automakers to use one system for all use cases, from delivering new connected apps and services to addressing software/firmware defects and critical updates — entirely over-the-air (OTA) and at scale. The backbone of the platform is its Secured Deployment Manager for performing customizable software campaigns, fleet management and systematic software/firmware rollouts via an all-in-one User Interface.
Features include the ability to send OTA calibrations to electrical components, update vehicle configurations, improve diagnostics and perform predictive failure detection, as well as enabling new connected services such as usage-based insurance, driver personalization or in-vehicle payment for goods and services for food, parking and tolling.
FinSMEs
20/07/2020