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Infrabridge Invests In Remote Operation Technology For Logistics Vehicles To Improve Safety, Productivity, And Operational Resilience

Apr 27, 2023over 2 years ago
San Francisco

Investors

Brant RingCon GlobalInfra Bridge

Description

InfraBridge, a leading infrastructure investment manager dedicated to investing in mid-market businesses in transportation and logistics, digital infrastructure, and energy transition, today announced it has invested in Phantom Auto, the leading provider of human-centered remote operation software, via its portfolio company ConGlobal. As part of the investment agreement, Brant Ring, ConGlobal CEO, will join the Phantom Auto Board of Directors.

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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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers