Sibros Receives $12 million Series A Funding
July 20, 2020—Sibros, the first deep connected vehicle platform company, closes a $12 million Series A investment. Led by another investor, Nexus Venture Partners, the round saw participation from Moneta Ventures and Twin Ventures.
With a total investment of over $15 million, the funds will be used to expand Sibros' product offerings, customer engagement, and core teams in Silicon Valley, according to their press release.
The Sibros platform aims to connect and manage all vehicle software inventory and configurations for full in-vehicle firmware updates. This approach will allow automakers to use one system for all cases.