Remote driving startup Phantom Auto is shutting down


"Phantom Auto, a remote driving startup that launched seven years ago amid the buzz of autonomous vehicle technology, is shutting down after failing to secure new funding, TechCrunch has learned...The startup had come close to securing another round of funding, but it fell through unexpectedly, according to a source who spoke on condition of anonymity. At its height, the startup employed about 120 people. Phantom Auto, which had cut staff last year, employed a little more than 100 people as of this week...Sources told TechCrunch that the company had traction on the customer deployment side. However, it was still reliant on external funding to keep operations going and eventually to scale."



https://techcrunch.com/2024/03/12/remote-driving-startup-phantom-auto-is-shutting-down/

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