Serve Robotics Inc.(US:SERV) Globenewswire·2025-09-09 11:00Core Insights - Serve Robotics Inc. has acquired the assets of Phantom Auto Inc. and its subsidiary Voysys AB for approximately $5.75 million, enhancing its technology stack for autonomous delivery robots [1] - The acquisition aims to improve connection quality and latency, which will reduce data infrastructure costs and enhance operational metrics [3] Company Overview - Serve Robotics is a leading autonomous sidewalk delivery company, spun off from Uber in 2021, and has completed tens of thousands of deliveries for partners like Uber Eats and 7-Eleven [11] - Voysys, founded in 2014, specializes in ultra-low latency video streaming and teleoperation technology, achieving a glass-to-glass latency as low as 50 milliseconds [2][8] Strategic Importance - The integration of Voysys technology is expected to be critical for safe operations in dense urban environments, reinforcing Serve's leadership in autonomous delivery [3][6] - Voysys will continue to operate as a standalone entity while expanding its existing contracts with global clients, thereby strengthening the ecosystem for autonomous vehicles and robotics [4][10] Future Growth - The acquisition aligns with Serve's strategy to invest in mission-critical capabilities, positioning the company at the forefront of the autonomous delivery and embodied AI industries [6] - Serve plans to monetize Voysys' proprietary technologies through its Software & Data Services platform, focusing on generating recurring revenues [5]