About Phantom Auto
Phantom Auto is a company based in Palo Alto (United States) founded in 2017 by Shai Magzimof, Ohad Dvir, and Andrew Gryaznov.. Phantom Auto has raised $90.5 million across 3 funding rounds from investors including OurCrowd, ArcBest and Bessemer Venture Partners. Phantom Auto has completed 1 acquisition, including Voysys. Phantom Auto operates in a competitive market with competitors including GreyOrange, Third Wave Automation, RightHand Robotics, Kindred and Agility Robotics, among others.
- Headquarter Palo Alto, United States
- Founders Shai Magzimof, Ohad Dvir, Andrew Gryaznov
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Sectors
Transportation, Automotive & LogisticsTechnology
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Phone
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Website
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Social
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Funding Insights of Phantom Auto
Phantom Auto has successfully raised a total of $90.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $35 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $35.0M
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First Round
First Round
(18 Apr 2019)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2023 | Amount | Series B - Phantom Auto | Valuation |
investors |
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| Jan, 2022 | Amount | Series B - Phantom Auto | Valuation | ArcBest , NFI Industries | |
| Apr, 2019 | Amount | Series A - Phantom Auto | Valuation | Bessemer Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Phantom Auto
Phantom Auto has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include OurCrowd, ArcBest and Bessemer Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment services are offered by Blancap for financial growth.
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Seed-stage US tech startups are funded by Perot Jain.
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Early-stage tech and offline focused VC firm investing in Israel and the US
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Phantom Auto
Phantom Auto has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Voysys. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Software for teleoperation of vehicles, machines, and robots is provided.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Phantom Auto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Phantom Auto Comparisons
Competitors of Phantom Auto
Phantom Auto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GreyOrange, Third Wave Automation, RightHand Robotics, Kindred and Agility Robotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI and SaaS-based robots for warehouse automation are provided.
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AI and cloud-driven automation is delivered for warehouse material handling.
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| domain | founded_year | HQ Location |
AI-enabled robotic grippers for object picking are provided.
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| domain | founded_year | HQ Location |
Provider of a pick and place robot for e-commerce applications
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| domain | founded_year | HQ Location |
Bipedal robots are developed for locomotion, navigation, and manipulation applications.
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| domain | founded_year | HQ Location |
Automated robotic solutions are provided for warehouse operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Phantom Auto
Frequently Asked Questions about Phantom Auto
When was Phantom Auto founded?
Phantom Auto was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Phantom Auto located?
Phantom Auto is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Phantom Auto?
Shai Magzimof is the current CEO of Phantom Auto. They have also founded this company.
Is Phantom Auto a funded company?
Phantom Auto is a funded company, having raised a total of $90.5M across 3 funding rounds to date. The company's 1st funding round was a Series A of $13.5M, raised on Apr 18, 2019.
What does Phantom Auto do?
Phantom Auto was founded in 2017 in Palo Alto, United States, focusing on the autonomous vehicle sector. An in-vehicle communication device with dedicated software is provided for remote control and security, alongside an API for real-time assistance. Teleoperation services are offered to address edge cases, such as road constructions and severe weather, where trained operators navigate vehicles and coordinate with passengers and safety officials.
Who are the top competitors of Phantom Auto?
Phantom Auto's top competitors include GreyOrange, Third Wave Automation and Agility Robotics.
How many acquisitions has Phantom Auto made?
Phantom Auto has made 1 acquisition, including Voysys.
Who are Phantom Auto's investors?
Phantom Auto has 8 investors. Key investors include OurCrowd, ArcBest, Bessemer Venture Partners, NFI Industries, and Blancap.
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