Phantom AI has secured raised $22 Million in Series A funding round. Celeres Investments led the latest funding round. Other investors participated in the round includes Ford Motor Company and KT (Korea's largest telco). The company intends to use the latest funds to speed up product development and scale its operations in Europe and Asia regions. Executive Opinion Co-founder and CEO of Phantom AI, Hyunggi Cho, "We founded Phantom AI to fundamentally change the economics of ADAS by developing modern software-based solutions that are high performing, cost effective, and infinitely flexible and customizable. To the automakers frustrated with the lack of options in computer vision technologies--Phantom AI is here to help. We are thrilled to bring our AI-based perception technology, including computer vision, sensor fusion and control capabilities to market, and to have the support of our new investors to help us accelerate production globally."