Phantom Auto

Remote Vehicle Operations Platform

Automotive & Mobility Technologies
Non Active, Mar 2024 ceased to operate

Company Overview

Snapshot

Founded in March 2017 by Shai Magzimof, Ohad Dvir, and Elliot Katz, Phantom Auto operated with 51–200 employees. The company raised a total of $55.5M across 3 funding rounds from 9 investors. In January 2022, Phantom Auto received a $42M investment, alongside large orders from ArcBest and NFI.

Business overview

Phantom Auto developed an end-to-end safety solution for the remote control support of autonomous vehicles. Its teleoperations service enabled trained human operators to safely navigate autonomous vehicles, communicate with passengers, and interact with public safety officials. The company operated within the Automotive & Mobility Technologies sector, focusing on autonomous and connected vehicle technologies, and served industrial manufacturing customers, particularly in the automotive and machinery segments.

Strategic signal

Phantom Auto ceased operations in March 2024, indicating a significant shift in its market position and viability within the autonomous vehicle teleoperation sector. This event signals to investors and innovation teams the inherent challenges and risks associated with scaling and sustaining businesses in the rapidly evolving and capital-intensive autonomous mobility industry.

Company Intelligence Q&A

What was Phantom Auto's operational status as of March 2024?
Phantom Auto ceased to operate in March 2024.
When did Phantom Auto receive its last disclosed investment?
In January 2022, Phantom Auto received a $42M investment, accompanied by large orders from ArcBest and NFI.
Which investors participated in Phantom Auto's January 2022 funding round?
The January 2022 funding round included participation from ArcBest and Maniv Mobility.
When was Phantom Auto recognized by Gartner Research Group?
Phantom Auto was named one of the Cool Vendors in Automotive and Smart Transportation in April 2018 by the Gartner Research Group.
What was a key strategic partnership for Phantom Auto in June 2018?
In June 2018, Argus Cyber Security and Phantom Auto partnered to enhance the security of teleoperation safety technology.

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