# Phantom AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phantom-ai

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.phantom.ai/
- Total disclosed funding: $134M
- Latest round: Series C (Feb 1, 2023)
- Investors on record: 12

## About

Phantom AI, Inc. is a US-based company specializing in advanced driver assistance systems (ADAS) and autonomous vehicle technologies, focusing on enhancing automotive safety and navigation through innovative solutions.Founded in 2016 and headquartered in Mountain View, US, Phantom AI, Inc. develops cutting-edge ADAS technologies. The company was co-founded by Chan Lee and Hyunggi Cho, who has led the company as CEO since its inception.In February 2026, Harbinger Motors Inc., a portfolio company of Capricorn Investment Group, Riverstone Holdings, Greycroft, Tiger Global Management, Acequia Capital, ArcTern Ventures, Maniv Mobility, TechNexus Venture Collaborative, Schematic Ventures, IronSpring Ventures, Ridgeline, Overture, Litquidity, and Leitmotif, acquired?Phantom AI, Inc. from Shinhan GIB, Renaissance Asset Management, KT Investment, Samsung Venture Investment, InterVest, Shinhan Securities, Celeres Investments, Ford Motor Company, DSC Investment, Korea Investment Partners, and Millennium Technology Value Partners. Financial terms of the transaction were not disclosed. Phantom AI's core offerings include PhantomVision™, PhantomFusion™, and PhantomDrive™, which provide a comprehensive suite of advanced driver assistance systems (ADAS) and autonomous vehicle solutions. PhantomVision™ utilizes Deep Learning-based computer vision technology for object detection and recognition, ensuring compliance with Euro NCAP standards. PhantomFusion™ integrates data from multiple sensors to create detailed environmental models. PhantomDrive™ handles vehicle control and navigation, enhancing safety in automated driving. Their primary clients are Tier 1 automotive manufacturers across North America, Europe, and parts of Asia, focusing on Level 2 and 3 automation.Phantom AI generates revenue through business-to-business transactions with automotive manufacturers, leveraging proprietary technologies to offer scalable ADAS solutions. The company engages in partnerships with Tier 1 automotive suppliers, providing flexible licensing agreements for its products. These agreements often involve comprehensive contracts that facilitate the integration of their technologies into vehicles, with payments structured around specific milestones or usage, thereby enhancing vehicle safety features such as Automatic Emergency Braking and Adaptive Cruise Control. The acquisition aims to integrate Phantom AI’s computer vision and advanced driver assistance technology into its vehicles and create a new software services revenue stream.

## Funding rounds

- Series C, Feb 1, 2023, $37M — InterVest, Samsung Venture Investment, KT Investment, Renaissance Asset Management, Shinhan GIB
- Series C, May 3, 2022, $70M — Shinhan Securities
- Series A, Apr 2, 2020, $22M — Millennium Technology Value Partners, Ford Motor Company, KT Corporation, DSC Investment, Celeres Investments
- Seed, Nov 21, 2017, $5.3M — Millennium Technology Value Partners, Korea Investment Partners, DSC Investment

## Investors

- Millennium Technology Value Partners (https://capitalatlas.ai/funds/millennium-technology-value-partners) — Seed, Series A
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Seed
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Seed, Series A
- Ford Motor Company — Series A
- KT Corporation — Series A
- Celeres Investments (https://capitalatlas.ai/funds/celeres-investments) — Series A
- Shinhan Securities (https://capitalatlas.ai/funds/shinhan-securities) — Series C
- InterVest (https://capitalatlas.ai/funds/intervest) — Series C
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series C
- KT Investment (https://capitalatlas.ai/funds/kt-investment) — Series C
- Renaissance Asset Management — Series C
- Shinhan GIB — Series C