Cyngn

Cyngn is a transportation startup that offers autonomous vehicle solutions and retrofits for industrial use cases across logistics, material handling, and mining. Established in 2009 and headquartered in the United States, Cyngn aims to bring autonomous vehicle capabilities to industrial fleets, whether retrofitting existing stock chasers or investing in new self-driving forklifts. Their flagship product, DriveMod, enables industrial vehicles to transport goods indoors and outdoors, haul heavy cargo, navigate sites without special infrastructure, and execute missions based on flexible, programmable options. Studies have indicated that deploying Cyngn's solutions can make teams 33% more productive, essentially adding an additional team member for every three workers. The company recently secured a $5.00M post-IPO equity investment on 08 December 2023. With its focus on enhancing industrial efficiency and safety through autonomous technology, Cyngn presents an innovative and promising opportunity for venture capital investment.