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Sibros was set up in 2018, and it manages vehicle software inventory configurations to streamline firmware updates. The company also conducts deep data collection from sensors and components for advanced analytics.
FREMONT, CA: Deep connected vehicle platform company Sibros raised USD 12 million in a Series A funding round led by Nexus Venture Capital, with participation from Moneta Ventures and Twin Ventures. To date, Sibros has raised USD 15 million in capital. The company will use the proceeds from the investment round to expand its product offerings, customer engagement, and core teams in Silicon Valley and beyond.
"The acceleration of the software-defined vehicle has thrown automakers into a chaotic new maze of software and data management complexity," said Sibros co-founder and chief executive officer Hemant Sikaria. "In order to stay ahead and enable new functionalities, OEMs must adopt a software-first approach throughout the entire vehicle lifecycle."
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Sibros was set up in 2018, and it manages vehicle software inventory configurations to streamline firmware updates. The company also conducts deep data collection from sensors and components for advanced analytics. According to Nexus Venture Partners principal Abhishek Sharma, the firm was confident of its investment in Sibros because of its focus on helping automakers adapt to large-scale transformations in the transportation space.
Sibros' platform allows for customizable software campaigns, fleet management, and systematic rollout of software and firmware updates. The platform connects and manages all vehicle software inventory and configurations to orchestrate full in-vehicle firmware updates and 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 platform's backbone is its Secured Deployment Manager for performing customizable software campaigns, fleet management, and systematic software/firmware rollouts via an all-in-one User Interface. Some of the 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.
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