Sibros raises $12mn in round led by Nexus Venture Partners

///Sibros raises $12mn in round led by Nexus Venture Partners

Sibros raises $12mn in round led by Nexus Venture Partners

by India Global Business Staff

Sibros will use the proceeds to expand its product offering, customer engagement and core team in different geographies.

Pune and Silicon Valley based Sibros Technologies raised $12 million in a Series A funding round led by venture capital firm US based Nexus Venture Partners. California headquartered Moneta Ventures and AI focussed Twin Ventures also participated in the round.

The latest round of funding takes the total capital raised by Sibros to $15 million. Sibros will use the proceeds to expand its product offering, customer engagement and core team in different geographies.

Hemant Sikaria, Co-founder and CEO, Sibros, said: “The acceleration of the software-defined vehicle has thrown automakers into a chaotic new maze of software and data management complexity. In order to stay ahead and enable new functionalities, OEMs must adopt a software-first approach throughout the entire vehicle lifecycle.”

Founded in 2018, Sibros conducts deep data collection from sensors and components for advanced analytics.

About the Author: India Global Business Staff