# Phantom Auto

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.phantom.auto
- Total disclosed funding: $74M
- Latest round: Series B (Apr 26, 2023)
- Investors on record: 10

## About

Founded in 2017 and based in California, US, Phantom Auto, Inc. provides remote control-as-a-service safety solutions for autonomous vehicles (AVs). Some of the firm's clients include ArcBest, NFI, ConGlobal, KENCO, etc. Phantom Auto, Inc. raised a private equity investment led by investor Principal Invest Pty Ltd. The firm, as of July 2024, has a headquarters in California, US, hardware R&D in Colorado, US, as well as R&D facilities in Sweden and Israel, and is led by its co-founders, Shai Magzimof (CEO) and Elliot Katz (CBO). In March 2024, Phantom Auto, Inc. discontinued its operations.

Phantom Auto offers a remote vehicle operation technology specializing in enhancing safety, productivity, and operational efficiency across logistics and transportation sectors. The company's solutions allow forklifts and autonomous vehicles to be controlled from thousands of miles away through a secure, low-latency platform. Their platform supports a range of applications including remotely operated forklifts, assisting autonomy for autonomous vehicles, and distanced driver training, ensuring continuous uptime and scalability in logistics operations.

## Funding rounds

- Series B, Apr 26, 2023, $25M — OurCrowd, ConGlobal
- Series B, Nov 12, 2021, $30M — Bessemer Venture Partners, ArcBest Corporation, Maniv Mobility, Alumni Ventures Group, OurCrowd, Perot Jain, NFI Industries
- Series A, Apr 18, 2019, $14M — Bessemer Venture Partners
- Seed, May 31, 2017, $5M — Wolfson Group, Maniv Mobility, OurCrowd, Tectonic Capital

## Investors

- Wolfson Group — Seed
- Maniv Mobility (https://capitalatlas.ai/funds/maniv-mobility) — Seed, Series B
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Seed, Series B
- Tectonic Capital (https://capitalatlas.ai/funds/tectonic-capital) — Seed
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B
- ArcBest Corporation — Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B
- Perot Jain (https://capitalatlas.ai/funds/perot-jain) — Series B
- NFI Industries — Series B
- ConGlobal — Series B