logo

This website uses cookies to ensure you get the best experience on our website.

Read through the Privacy Policy to understand better

 Go Back

Global Brain Corporation invests in Sibros Technologies Inc., to bolster expansion in India and ...

By Sibros - Nov 18, 2022, 01:03 AM ET
Last Updated - Jul 31, 2024, 07:08 AM EDT
Sibros_logo
The fundraising, which was confirmed today, November 18, will be utilized towards strengthening Sibros’ presence in the Indian market and expanding overseas to Japan, both known as growing markets for connected vehicle infrastructures. Known for its Deep Connected Platform, which enables automotive manufacturers to effectively handle their growing reliance on software in all types of vehicles, Sibros’ products are famed to be hardware agnostic

Global Brain Corporation (Global Brain) has announced its investment in Sibros Technologies Inc. (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, a company that creates connected vehicle ecosystems for a range of vehicles and architectures globally

SAN JOSE, Calif., Nov. 18, 2022 (GLOBE NEWSWIRE) -- Global Brain Corporation (Global Brain) has announced its investment in Sibros Technologies Inc. (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, a company that creates connected vehicle ecosystems for a range of vehicles and architectures globally.

The fundraising, which was confirmed today, November 18, will be utilized towards strengthening Sibros’ presence in the Indian market and expanding overseas to Japan, both known as growing markets for connected vehicle infrastructures. Known for its Deep Connected Platform, which enables automotive manufacturers to effectively handle their growing reliance on software in all types of vehicles, Sibros’ products are famed to be hardware agnostic. Each of Sibros’ offerings work with existing vehicle hardware, providing a secure vehicle-to-cloud communication that enables updates to all downstream components and sensors.

Sponsored

The USA-headquartered firm also helps provide insight into any vehicle’s data from day zero 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 (OTA) Deep Updater, Deep Logger and Command Manager, and is deployed with leading OEMs globally. At present, the Sibros team is present across three continents, with plans to expand its presence in Japan and India, through the recent Global Brain fundraising.

To bolster the business case, growth in on-board software and autonomous driving are key drivers for Sibros’ existence and growth. The global connected vehicle market is projected to grow at 18 percent CAGR from USD 60 Billion in 2021 to USD 192 Billion in 2028.

By continuing to use this site, you agree to our terms and conditions
Sponsored
Sponsored
Sponsored
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
    Phone: +1 (425) 414-0184
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
    Phone: +91 80 4902 2100
4.2 20250324