Phantom Auto closes Series A funding, expands plans for remote-controlled autonomous vehicles

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Phantom Auto, a start-up firm in Mountain View, said it raised approximately $19 million in Series A financing led by venture capital firm, Bessemer Venture Partners.

Phantom Auto, a start-up firm in Mountain View, California developing software for the teleoperation of autonomous vehicles, has closed its first major round of fundraising.

The money will help Phantom Auto expand development of technology that allows remote drivers to operate vehicles or robots from thousands of miles away. "If you see a delivery robot in public, there is a solid chance it is using our teleoperation software," said Phantom co-founder Elliot Katz in a statement announcing the Series A financing.

 

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