Sibros

Sibros

Provides OTA software updates and diagnostics

About Sibros

Simplify's Rating
Why Sibros is rated
B
Rated C on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Automotive & Transportation

Company Size

51-200

Company Stage

Series B

Total Funding

$84.1M

Headquarters

San Jose, California

Founded

2018

Overview

Sibros provides a platform for over-the-air (OTA) software updates, data logging, and diagnostics specifically for vehicles. Their system works with various types of vehicles, including cars, trucks, and buses, allowing for continuous software updates throughout the vehicle's life cycle. This ensures that vehicles operate with the latest software, which is crucial for functions like infotainment and Advanced Driver Assistance Systems (ADAS). Sibros also offers real-time data collection from the vehicle's Electronic Control Units (ECUs) for troubleshooting and performance optimization. What sets Sibros apart from competitors is its all-in-one embedded firmware and cloud system that adheres to high safety, security, and privacy standards, such as ISO 26262 and GDPR. The company's goal is to enhance vehicle performance and safety through reliable software management and data insights.

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Simplify's Take

What believers are saying

  • Growing demand for EV fleet management boosts Sibros' partnerships with companies like Xos.
  • Sibros' collaboration with Range Energy enhances fleet efficiency through advanced telematics.
  • Partnerships with companies like FutureMotiv highlight Sibros' role in software-defined vehicle solutions.

What critics are saying

  • Competition from established firms like Bosch and Continental is intensifying.
  • Scaling operations to meet large OEM demands poses potential challenges for Sibros.
  • Rapid tech advancements may require costly updates to Sibros' platform.

What makes Sibros unique

  • Sibros' Deep Connected Platform unifies data collection, software updates, and diagnostics.
  • The platform supports diverse vehicle types, from motorcycles to heavy machinery.
  • Sibros meets high safety, security, and privacy standards, including ISO 26262 and GDPR.

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Funding

Total Funding

$84.1M

Above

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$70M
Sibros
$100M
ClickUp

Growth & Insights and Company News

Headcount

6 month growth

↑ 1%

1 year growth

↑ 0%

2 year growth

↑ 4%
GlobeNewswire
Sep 24th, 2024
Sibros and FutureMotiv Announce Strategic Partnership to Deliver Integrated Software-Defined Vehicle Solutions

The collaboration aims to deliver advanced connected vehicle technologies to OEMs globally, combining Sibros' Deep Connected Platform with FutureMotiv's extensive expertise in system integration, functional safety, and vehicle software development.

Business Wire
May 20th, 2024
Range Energy Announces The Development Of A Trailer Data And Telematics Platform To Enhance Operational Efficiency For Fleets

MOUNTAIN VIEW, Calif. LAS VEGAS--(BUSINESS WIRE)--Range Energy (Range), the company bringing powered trailers to the commercial trucking market, today at the Advanced Clean Transportation (ACT) Expo unveiled the development of a new trailer data and telematics platform that will bring unique operational insights to its electric-powered trailer customers. The platform is being developed in partnership with connected vehicle technology company, Sibros, and is built upon the company’s Deep Connected Platform (DCP), which is purpose-built to provide original equipment manufacturers (OEMs) with a leading-class, implementation-ready connected vehicle solution for data logging, software updates, and remote commands. Range is in the development phase of its next-generation powered trailer hardware platform, which includes expanding its technology stack with software elements that lead to greater fleet efficiency and operational savings. This new trailer and data telematics platform is pivotal to Range’s adoption as it allows fleets to gain critical insight into emissions savings for reporting, as well as analysis around trailer utilization, predictive maintenance, route efficiency, and more. “Our electric-powered trailers are critical for commercial fleets to quickly decarbonize, enhance safety, and improve vehicle efficiency

NGT News
Feb 13th, 2024
Sibros, Xos Partner to Enhance Electric Vehicle Fleet Efficiencies

Connected vehicle technology company Sibros is collaborating with Xos Inc., a manufacturer of Class 5-8 battery electric vehicles, to bring advanced connected fleet capabilities and services to customers of the Xos EV lineup.

Conti Engineering
Jan 10th, 2024
Connected Mobility on a New Level: Continental Engineering Services Partners with Sibros

Connected mobility on a new level: Continental Engineering Services partners with Sibros.

Yahoo Finance
Jan 4th, 2024
Sibros Accelerates the Future of SDV Innovation at CES 2024

Sibros unveils 'On the Track and Beyond' Experience to showcase its leading-edge Deep Connected Platform, interactive Race Simulator, and joint partner solutions

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