Phantom AI, developer of a vehicle-agnostic autonomous driving platform, today announced it has raised $22 million in Series A financing led by Celeres Investments and joined by Ford Motor Company and KT (Korea’s largest telco). Existing investors Millennium Technology Value Partners and DSC Investment also participated in the round. The company previously raised $5 million in seed funding, bringing the total capital raised to date to $27 million.
Founded in 2016 by lead engineers from Tesla’s and Hyundai’s ADAS teams, Phantom AI is on a mission to democratize the use of driver assistance and safety technologies to reduce crashes, save lives and make driving more enjoyable. The company is working with several automakers, a truck OEM and multiple European and Asian tier 1 suppliers, and will use the new financing to accelerate product development while scaling operations in Europe and Asia.