South San Francisco, CA – According to filings with the U.S. Securities and Exchange Commission, Phantom Auto is raising $105,330,982.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Shai Magzimof played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Phantom Auto
Drivers can work remotely now, too. Phantom provides software that enables people to remotely operate, assist, and supervise all types of vehicles from thousands of miles away — including forklifts, tuggers, robots, trucks, cars, and more. Headquartered in Silicon Valley and with an R&D center in Tel Aviv, Israel, Phantom serves transportation and logistics customers to increase safety, labor accessibility, and productivity. Developer of an end-to-end safety technology designed to remotely control autonomous vehicles. The companys technology is based on teleoperations service with a powerful backup safety system, enabling passengers to summon assistance from trained human operators who can safely navigate the vehicle while also communicating with the passenger and with public safety officials, thereby enabling drivers to remotely operate all types of unmanned vehicles.

To learn more about Phantom Auto, visit http://phantom.auto/

Contact:
Shai Magzimof, Chief Executive Officer
650-285-9534
shai@phantom.auto

SOURCE: http://www.intelligence360.io
Copyright (c) 2021 SI360 Inc. All rights reserved