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Phantom Auto Receives $42M Investment, Large Orders From Arcbest And Nfi

PRIVATEJan 19, 2022•over 4 years ago

Amount Raised

$42 Million

San Francisco

Description

Phantom Auto, the leading provider of remote operation software for logistics vehicles, today announced a strategic investment of $42M led by ArcBest (Nasdaq: ARCB), a multi-billion dollar freight and logistics service provider, and NFI, one of the largest third-party logistics providers in North America. ArcBest and NFI executed commercial agreements to deploy thousands of Phantom-powered forklifts in the coming years. The funding also includes investment from Bessemer Venture Partners, Maniv Mobility, OurCrowd, Perot Jain, Max Blankfeld, and other previous investors.

Company Information

Company

Phantom Auto Inc.

Location

601C DNA WAY

San Francisco, California, United States

About

Drivers can work remotely, too. Phantom's software enables people to remotely operate, assist, and supervise vehicles from thousands of miles away -- including forklifts, tuggers, robots, trucks, and more. Headquartered in Silicon Valley and with an R&D center in Tel Aviv, Israel, Phantom serves supply chain and logistics customers to increase safety, labor accessibility, and productivity.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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