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Industries
Robotics & Automation
Industrial & Manufacturing
Company Size
51-200
Company Stage
IPO
Headquarters
Palo Alto, California
Founded
2013
Cyngn focuses on industrial autonomous vehicle technology, offering the Enterprise Autonomy Suite (EAS) that combines self-driving software, hardware, and analytics for industrial fleets. Their technology transforms traditional vehicles into self-driving fleets, enhancing efficiency in manufacturing and warehouse environments. Cyngn operates under a Robotics as a Service (RaaS) model, allowing clients to use their technology through a subscription, which reduces upfront costs. The company's goal is to improve productivity and operational efficiency in industrial settings.
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Total Funding
$218.1M
Above
Industry Average
Funded Over
6 Rounds
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
Commuter Benefits
Unlimited Paid Time Off
Stock Options
Sabbatical Leave
Paid Parental Leave
Meal Benefits
MENLO PARK, Calif., March 13, 2025 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) (or the "Company") announced today that it has received a notice from Nasdaq confirming that the Company has regained compliance with the Nasdaq's Capital Market's minimum bid price requirement of $1.00 per share. The notice from Nasdaq indicates that the Company is in compliance with the Nasdaq Capital Market's listing requirements and the Company's common stock will continue to be listed and traded on Nasdaq."We are pleased to have met Nasdaq's listing requirements once again," said Lior Tal, CEO of Cyngn. "Maintaining compliance reflects our commitment to strong corporate governance and reinforces our dedication to creating long-term value for our shareholders. Cyngn remains focused on advancing its autonomous driving technology for industrial and commercial applications. The company looks forward to executing its strategic initiatives and continuing to drive innovation in the sector."About CyngnCyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations
Recent Operating Highlights:MENLO PARK, Calif., March 5, 2025 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) today announced financial results for its fourth quarter and year, which ended December 31, 2024."We continued to gain commercial momentum with our autonomous DriveMod technology," said Lior Tal, Cyngn CEO. "Building on the direct sales progress made earlier in the year—including our selection by John Deere to supply the DriveMod Tugger—we received over $1M in new bookings from direct sales in the fourth quarter and are actively expanding our focus on channel sales to accelerate adoption
MENLO PARK, Calif., Feb. 26, 2025 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) will announce its 2024 fourth quarter and year-end financial results for the period ended December 31, 2024, on Wednesday, March 5, 2025, after the close of market.The financial results will be available on the Cyngn website under "News & Events" at https://investors.cyngn.com/. The Company will not host an earnings call.About CyngnCyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow existing workforces to increase productivity and efficiency. The Company addresses significant challenges facing industrial organizations today, such as labor shortages, costly safety incidents, and increased consumer demand for eCommerce.Cyngn's DriveMod Kit can be installed on new industrial vehicles at end of line or via retrofit, empowering customers to seamlessly adopt self-driving technology into their operations without high upfront costs or the need to completely replace existing vehicle investments.Cyngn's flagship product, its Enterprise Autonomy Suite, includes DriveMod (autonomous vehicle system), Cyngn Insight (customer-facing suite of AV fleet management, teleoperation, and analytics tools), and Cyngn Evolve (internal toolkit that enables Cyngn to leverage data from the field for artificial intelligence, simulation, and modeling).Where to Find CyngnWebsite: https://cyngn.comTwitter: http://twitter.com/cyngnLinkedIn: https://www.linkedin.com/company/cyngnYouTube: https://www.youtube.com/@cyngnhqInvestor Contact:Don Alvarez[email protected]Media ContactLuke Renner[email protected]Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended
MENLO PARK, Calif., Jan. 28, 2025 /PRNewswire/ -- Today, Cyngn (Nasdaq: CYN) announced that it will be deploying its DriveMod Tugger at a major Consumer Packaged Goods (CPG) distribution company. This deployment reaffirms Cyngn's expanding presence across manufacturing and distribution, highlighting the versatility of its Enterprise Autonomy Suite ("EAS"). This news comes just after Cyngn's recent contract with a separate company in the automotive manufacturing space
MENLO PARK, Calif., Jan. 23, 2025 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) today announced that it has continued making notable inroads with the automotive manufacturing sector. To date, the company has conducted DriveMod Tugger deployments at varying stages of maturity with no less than five major automotive Original Equipment Manufacturers (OEMs) or Tier-1 Suppliers.This traction has led to deployments across the United States and into Mexico, underscoring Cyngn's ability to provide scalable, cross-functional automation in diverse environments
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Industries
Robotics & Automation
Industrial & Manufacturing
Company Size
51-200
Company Stage
IPO
Headquarters
Palo Alto, California
Founded
2013
Find jobs on Simplify and start your career today