Phantom AI raises $36.5 million

Phantom AI , a Silicon Valley startup providing a autonomous driving platform featuring computer vision, sensor fusion and control capabilities, announced that it has secured $36.5 million in its Series C funding round. Existing investors include KT Investment and Renaissance Asset Management with new investors InterVest, Shinhan GIB, and Samsung Ventures participating in this round.

“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. We’re thrilled to partner with Phantom AI at this time to help bring this important technology to the market.” – Jay Jinhwan Jeon of InterVest, the lead investor in this round.

Phantom AI is focused on helping customers reduce accidents and make every day driving more enjoyable while unlocking what’s next for ADAS. While many companies today are focused on building the Robotaxis of the world, Phantom AI believes that the better way to build autonomous vehicles and advance the future of smart cars is to democratize the use of lifesaving ADAS technologies, similar to how seatbelts have been adopted and mainstreamed since the late 1800s.

The new round will be used to accelerate the current series production development with major OEMs. With this new round, the company has raised a total of $80.2 million since its founding in 2017.