Overview

Phantom AI specializes in advanced driver assistance systems (ADAS) for the automotive industry. The company offers software solutions that help vehicles detect and respond to their surroundings, enhancing safety and automation. Their main products, PhantomVision™ and PhantomDrive™, utilize deep learning and computer vision to identify objects like vehicles, pedestrians, and traffic signs, allowing cars to navigate safely. PhantomVision™ uses cameras to recognize road elements, while PhantomDrive™ predicts the movement of these objects to ensure smooth vehicle operation. Unlike many competitors, Phantom AI focuses on making these advanced safety features accessible to all types of vehicles, not just high-end models. The company's goal is to democratize ADAS technology, making roads safer for everyone.

Simplify's Take

What believers are saying

• Phantom AI raised $36.5M in Series C funding, boosting its growth potential.
• Partnership with Renesas enhances their low-cost, full-stack driver assistance system.
• Growing demand for AI-driven ADAS solutions supports Phantom AI's market expansion.

What critics are saying

• Competition from Mobileye and Waymo could impact Phantom AI's market share.
• Regulatory changes in the EU and US may require costly product adjustments.
• Reliance on partnerships like Renesas could affect solution delivery if disrupted.

What makes Phantom AI unique

• Phantom AI offers modular ADAS solutions customizable for various vehicle models.
• Their flagship products, PhantomVision and PhantomDrive, enhance vehicle safety and automation.
• Phantom AI's solutions are cost-effective, meeting car manufacturer requirements at lower prices.

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Funding

Total Funding

$80.7M

Below

Industry Average

Funded Over

4 Rounds

$36,500,000

Series C

Feb 2023

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Below Average

Industry standards

Ind Avg. $50M

$16M

$36.5M

$40M

$50M

$62M

$100M

View all funding stages