Sibros Raises $3.5M from Nexus Venture Partners and Moneta Ventures to build Next Generation Connected Vehicle Platform

Sibros
Sibros
Jul 25 · 2 min read

I am pleased to announce that Sibros has raised $3.5M in capital from Nexus Venture Partners and Moneta Ventures. The latest seed funding round was led by Nexus and closed earlier this year. The capital is being used to further develop our core product line as well as increase market penetration.

With a proven track record in helping build successful technology companies, Nexus brings a unique blend of entrepreneurial experience, automotive expertise, and cloud infrastructure knowledge that aligns well with Sibros. We are proud to join the Nexus family and look forward to working with Abhishek Sharma, Naren Gupta, and the entire Nexus team as we develop and expand our innovations for the fast growing connected vehicle market. On a similar note, we are honored to have continued support from Moneta Ventures that led our pre-seed round back in late 2018, and has demonstrated continued faith in our team and our vision by participating in this latest round.

Our vision is to connect and manage every vehicle on the planet and integrate it with our phones, homes, public infrastructure and the environment that surrounds it. We are currently working on creating version 1.0 of the connected vehicle platform, and we are well on our way towards achieving that goal. Our platform enables a 360 degree view of vehicle data and improved vehicle life cycle management by providing a secure cloud and on-vehicle system. Some of our current products include end-to-end over the air (OTA) software updates, event-based vehicle data recording, fleet management, AI powered analytics and work order management.

We are incredibly grateful to our early customers, our investors, and the entire Sibros team for their hard work, passion and belief in the company and its vision. The milestones we have achieved are possible because of our profound commitment to innovation and excellence, driven by an encouraging and positive company culture. I leave you now with a quote from Leonardo Da Vinci: “It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things.

Yours,

Hemant Sikaria

Sibros CEO & Co-founder

Sibros is based out of San Jose, California and is actively hiring in all areas. For more information about Sibros and open positions, please visit us at www.sibros.tech or send us an email at info@sibros.tech.

Sibros

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Sibros

Enabling the Connected Vehicle Ecosystem www.sibros.tech

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