Global Brain is delighted to announce investment in Sibros through its GB-VIII Growth Fund Investment Limited Partnership (GB-VIII). Energy Impact Partners, Google, Moneta Ventures, Nexus Venture Partners and Qualcomm Ventures are existing investors in Sibros.
Sibros has developed its’ Deep Connected Platform that enables auto OEMs to effectively handle their growing reliance on software in all types of vehicles. Sibros’ product works with existing vehicle hardware, providing a secure vehicle-to-cloud communication that enables updates to all downstream components and sensors. It also provides insight into vehicle’s data from day 0 to end of life, and abstraction of vehicle in the cloud allows new applications to be developed without requiring knowledge of vehicle hardware. Sibros’ product line includes Over-The-Air Deep Updater, Deep Logger and Command Manager, and is deployed with leading OEMs globally.
Growth in on-board software in vehicles and autonomous driving are key drivers for Sibros. Global connected vehicle market is projected to grow at 18% CAGR from USD 60 Billion in 2021 to USD 192 Billion in 2028.
Sibros is led by an exceptional team with strong technology and industry experience. CEO and Co-founder Hemant Sikaria led OTA updates and body and chassis firmware at Tesla. Key members of leadership team have deep expertise in areas such as vehicle systems, software architecture, energy storage, data transfer and large-scale application design and implementation. The team has demonstrated exceptional execution with several customers across Passenger Vehicles, Commercial Vehicles and Two-wheeler categories. The funds raised will be utilised towards strengthening their presence in the India market and expanding overseas to Japan.
We are excited by the quality of team at Sibros and traction of its product with customers. They have an incredible vision of powering connected vehicle ecosystem globally, and we look forward to partnering with them in this journey.