Phantom Auto, a supplier of distant operation software program, has acquired Voysys AB to speed up adoption of Phantom’s distant operation platform. Phantom’s acquisition of the best-in-class video communication expertise supplier catalyzes its commercialization efforts to proceed to supply prospects within the logistics sector with human-centric expertise, to fight the decades-long labor scarcity, Phantom acknowledged.
Following the acquisition, Phantom will broaden its capability to service rapidly-growing buyer demand for remotely operated forklifts, along with supporting deployments within the unmanned yard truck and supply robotic segments, Phantom added. By combining Voysys’s unequalled video streaming capabilities into its distant operation platform, Phantom’s prospects have achieved additional reductions in streaming latency, in addition to enhancements in video high quality and stability — particularly in unstable community circumstances, the corporate added. No buy worth was disclosed within the announcement.
“Once you have a look at all the key working metrics for delivering dependable, seamless distant operation expertise, the query retains coming again to how one can guarantee ultra-low latency in extremely variable community circumstances. Becoming a member of forces with Voysys, and integrating their IP into our expertise stack, strengthens our core expertise for our prospects in order that they’ll proceed to simply transfer items across the clock, from anyplace on the earth,” says Shai Magzimof, Co-founder and CEO at Phantom Auto.
Primarily based in Sweden, Voysys has spent the final decade focusing particularly on ultra-low latency and multi-link video streaming throughout unstable networks. The result’s a differentiated video-streaming software program answer that will increase video efficiency and improves glass-to-glass latency, whereas concurrently decreasing bandwidth consumption and disconnects. The workforce at Voysys has already demonstrated expertise maturity, offering a few of the world’s largest forklift, automotive, and building tools producers with community agnostic, ultra-secure video communication expertise options.
Magnus Persson, Voysys Co-founder and CEO, acknowledged: “We’re excited to affix the Phantom workforce as a result of now we have seen firsthand that they’re poised for fast progress within the provide chain business. The corporate has emerged because the world chief in end-to-end distant operation options, having achieved alignment with key stakeholders together with OEMs, multinational prospects, and strategic buyers. Now we have developed software program for the video streaming pipeline which has confirmed to be best-in-class relating to streaming latency. Combining our world class applied sciences will unlock immense worth for logistics operators around the globe.”
Elliot Katz, Phantom’s Co-founder and Chief Enterprise Officer acknowledged: “Just like the consolidation that has been going down within the autonomous automobile house, there’s additionally consolidation starting within the distant operation house. And that could be a great point for end-users of distant operation expertise, as a result of the ensuing corporations and their choices develop into even stronger mixed. Us buying Voysys is an ideal illustration of that.”