Sibros, a San Jose, CA-based connected vehicle platform company, raised $70m in Series B funding.
The round was led by Energy Impact Partners (EIP) with participation from Fontinalis Partners, Google (NASDAQ: GOOG), Iron Pillar, Qualcomm Ventures and existing investors Nexus Venture Partners and Moneta Ventures. In conjunctuion with the funding, Shawn Cherian, Partner at EIP, joined the Sibros Board of Directors.
The company intends to use the funds to accelerate expansion to meet global demand and deliver large customer deployments of its vertically integrated connected vehicle platform.
Led by Hemant Sikaria, CEO, Sibros provides automakers with a connected vehicle platform to get visibility into all software and data for globally connected fleets while automating workflows for full vehicle over-the-air software updates, data collection and remote diagnostics in an industry compliant manner. By connecting software and data from edge-to-cloud in one vertically integrated system, Sibros allows automakers to accelerate time-to-market, reduce code defects and enable hundreds of connected vehicle use cases at global scale.
Customers using Sibros include established makers of cars, trucks, buses, 2-wheelers and tractors, as well as new EV startups in the solar and commercial space.
FinSMEs
25/01/2022