Sibros raises $70 million

Connected vehicle platform company Sibros has raised $70 million in Series B funding led by Energy Impact Partners, with participation from Fontinalis Partners, Google, Iron Pillar, Qualcomm Ventures and existing investors Nexus Venture Partners and Moneta Ventures.

Founded in 2018, Sibros powers the connected vehicle ecosystem with its Deep Connected Platform for full vehicle OTA software updates, data collection, and diagnostics in one vertically integrated system. By combining automotive software and data management tools in one platform, Sibros empowers OEMs to “realize hundreds of connected vehicle use cases” spanning fleet management, predictive maintenance, data monetization, paid feature upgrades, and beyond.

“Today is an incredible milestone for Sibros as we welcome some of the most influential names invested in the future of clean energy, cloud and autotech who join our mission of powering the connected vehicle ecosystem with a vertically integrated solution. The past two years have been a period of extreme growth at Sibros as we track towards being deployed on many millions of vehicles and we’re thrilled to have the support of investors who believe in our team and understand the problem we are solving.” – Hemant Sikaria, CEO and co-founder of Sibros.

“Sibros sits in the center of the connected and electrified vehicle future with its impressive team and disruptive product that makes automotive software and data work better together. Our investment in Sibros aligns with our pursuit of partnering with companies that solve unique challenges at the intersection of mobility and electrification.” – Shawn Cherian, Partner at EIP.