Autonomous Vehicle News
While there are many companies in the autonomous vehicle space, Phantom AI is hoping to set itself apart from others with its unique strategy. Phantom AI’s product offerings include a computer vision system called PhantomVision, a sensor fusion called PhantomFusion, and PhantomDrive, a vehicle control system. They discovered that they had an interest in the possibilities of early ADAS technology and its capacity to bring autonomous technology to market well before fully driverless cars reach the roads. “This is a very exciting time for Phantom AI as customers are recognizing the critical role driver-assisted technology plays in making automobiles safer for everyone,” Jay Jinhwan Jeon of InterVest, the lead investor in this round, said in a release. “We’re thrilled to partner with Phantom AI at this time to help bring this important technology to the market.”Phantom AI plans to use the funding to accelerate its current series production development with major OEMs.