Cyngyn

Cyngyn

Provides autonomous vehicle solutions for industries

About Cyngyn

Simplify's Rating
Why Cyngyn is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Robotics & Automation

Industrial & Manufacturing

Company Size

51-200

Company Stage

IPO

Headquarters

Palo Alto, California

Founded

2013

Overview

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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Simplify's Take

What believers are saying

  • Cyngn regained Nasdaq compliance, ensuring continued stock market presence as of March 2025.
  • The company secured $33 million in funding to expand its autonomous vehicle business.
  • Cyngn's DriveMod Tugger is gaining traction in the automotive and consumer goods sectors.

What critics are saying

  • Increased competition from established players like Waymo and Tesla in industrial applications.
  • Potential regulatory delays could impact Cyngn's expansion plans in certain regions.
  • Rising costs of components due to semiconductor shortages may affect profitability.

What makes Cyngyn unique

  • Cyngn's Enterprise Autonomy Suite is vehicle agnostic, supporting diverse industrial fleets.
  • The company offers a Robotics as a Service model, reducing upfront costs for clients.
  • Cyngn's DriveMod can be retrofitted, allowing seamless integration into existing vehicle fleets.

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Funding

Total Funding

$218.1M

Above

Industry Average

Funded Over

6 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

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

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

2%

2 year growth

6%
PR Newswire
Mar 13th, 2025
Cyngn Regains Nasdaq Compliance

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

PR Newswire
Mar 5th, 2025
Cyngn Reports 2024 Fourth Quarter And Year-End Financial Results

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

PR Newswire
Feb 26th, 2025
Cyngn Announces Date For 2024 Fourth Quarter And Year-End Financial Results

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

PR Newswire
Jan 28th, 2025
Cyngn Signs Contract To Deploy Drivemod Tugger At A Major Consumer Packaged Goods Company

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

PR Newswire
Jan 23rd, 2025
Cyngn Continues Momentum In Automotive Sector With Several Drivemod Tugger Deployments At Major Automotive Brands

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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