Harbinger Acquires Autonomous Driving Company Phantom AI

Harbinger, a Los Angeles-based trucking startup, has made its first acquisition by purchasing Phantom AI, an autonomous driving company. This move is part of Harbinger's efforts to diversify its revenue streams and expand its presence in the autonomous driving market.

Harbinger's acquisition of Phantom AI is a strategic move to enhance its capabilities in autonomous driving technology. Phantom AI's expertise in developing advanced driver-assistance systems (ADAS) and autonomous vehicle (AV) software will complement Harbinger's existing fleet management and logistics services.

The acquisition is expected to strengthen Harbinger's position in the rapidly growing autonomous driving market. With Phantom AI's technology, Harbinger aims to improve the safety and efficiency of its trucking operations, ultimately reducing costs and increasing customer satisfaction.

The terms of the acquisition were not disclosed, but it is clear that Harbinger is committed to investing in cutting-edge technology to stay ahead of the competition. As the autonomous driving market continues to evolve, Harbinger's acquisition of Phantom AI positions the company for long-term success and growth.

Sources

[1] Harbinger acquires autonomous driving company Phantom AI