Overview

Phantom AI specializes in advanced driver assistance systems (ADAS) for the automotive industry. The company offers software solutions that help vehicles recognize and respond to their surroundings, enhancing safety and automation. Their main products, PhantomVision™ and PhantomDrive™, utilize deep learning and computer vision to detect objects like vehicles, pedestrians, and traffic signs, allowing for autonomous recognition of road conditions. PhantomDrive™ further ensures safe vehicle movement by predicting the actions of detected objects. Unlike many competitors, Phantom AI focuses on providing scalable and customizable solutions that can be integrated into various types of vehicles, making advanced safety features accessible to a wider market. The company's goal is to democratize ADAS technology, ensuring that all vehicles can benefit from enhanced safety features.

Simplify's Take

What believers are saying

• Growing interest in modular ADAS solutions enhances Phantom AI's market penetration.
• The rise of EVs drives demand for advanced driver assistance systems.
• Global push for stricter vehicle safety regulations increases need for advanced ADAS features.

What critics are saying

• Increased competition from companies like Mobileye and Waymo threatens market share.
• Rapid AI advancements require continuous innovation, straining Phantom AI's resources.
• Potential delays in regulatory approvals could impact revenue growth.

What makes Phantom AI unique

• Phantom AI offers modular ADAS solutions tailored to specific OEM needs.
• Their PhantomVision™ and PhantomDrive™ products enhance vehicle safety and automation.
• Partnerships with semiconductor companies optimize performance and cost for ADAS solutions.

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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