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. Their main products, PhantomVision™ and PhantomDrive™, use deep learning and computer vision to detect objects like vehicles, pedestrians, and traffic signs, allowing cars to understand road conditions. PhantomDrive™ enhances vehicle control by predicting the movements of detected objects, ensuring safe navigation. Unlike many competitors, Phantom AI focuses on making these technologies scalable and customizable for various vehicle types, aiming to make advanced safety features accessible to all. The company's goal is to improve road safety by integrating these systems into a wide range of vehicles.

Simplify's Take

What believers are saying

• Phantom AI raised $36.5 million in Series C funding, indicating strong investor confidence.
• Growing demand for customizable ADAS solutions positions Phantom AI for market expansion.
• Partnerships with semiconductor companies enhance their technological capabilities and market reach.

What critics are saying

• Competition from companies like Mobileye and Waymo threatens Phantom AI's market share.
• Rapid AI advancements require continuous innovation, potentially straining Phantom AI's resources.
• Regulatory changes in key markets could impact product deployment timelines and costs.

What makes Phantom AI unique

• Phantom AI offers modular, software-based ADAS solutions for OEMs and Tier 1 suppliers.
• Their flagship products, PhantomVision™ and PhantomDrive™, enhance vehicle safety and automation.
• Partnerships with Renesas enable cost-effective, power-efficient ADAS solutions.

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Funding

Total Funding

$78.5M

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