Remote Driving Startup Phantom Auto Acquires Sweden's Voysys AB

Phantom Auto, a US startup providing remote operation servives, has acquired Sweden's Voysys AB to bolster its video streaming capabilities. Following the acquisition, Phantom will expand its capacity to service rapidly-growing customer demand for remotely operated forklifts, in addition to supporting deployments in the unmanned yard truck and delivery robot segments.

By combining Voysys’s video streaming capabilities into its remote operation platform, Phantom will offer improvements in video quality and stability - especially in volatile network conditions.

The combined teams are also working to develop video streaming solutions that enable low-latency 3D rendering in augmented/virtual reality, as well as localisation solutions that improve a vehicle operator’s ability to navigate in dynamic environments from remote locations.

Over the past months, the companies have merged their respective technologies, enabling Phantom to further expand its business outside of North America and into adjacent market segments.

Shai Magzimof, Co-founder and CEO at Phantom Auto., says: “When you look at all of the key operating metrics for delivering reliable, seamless remote operation technology, the question keeps coming back to how one can ensure ultra-low latency in highly variable network conditions. Joining forces with Voysys, and integrating their IP into our technology stack, strengthens our core technology for our customers so that they can continue to easily move goods around the clock, from anywhere in the world.” 

Magnus Persson, Voysys Co-founder and CEO, adds: “We are excited to join the Phantom team because we have seen firsthand that they are poised for rapid growth in the supply chain industry. The company has emerged as the world leader in end-to-end remote operation solutions, having achieved alignment with key stakeholders including OEMs, multinational customers, and strategic investors. We have developed software for the video streaming pipeline which has proven to be best-in-class when it comes to streaming latency. Combining our world class technologies will unlock immense value for logistics operators around the world.”

Phantom’s human-centric interoperable solutions enable people to remotely supervise, assist, and drive vehicle fleets from up to thousands of miles away – including forklifts, robots, trucks, and more.