Cyngn

Our Autonomous DriveMod Tuggers and Forklifts increase safety, drive efficiency, and prevent inventory damage. $CYN

General Information
Company Name
Cyngn
Founded Year
2013
Location (Offices)
Menlo Park, United States +1
Founders / Decision Makers
Number of Employees
82
Industries
Logistics, Transportation, Autonomous and Sensor Tech
Funding Stage
Post Ipo Equity
Social Media

Cyngn - Company Profile

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.

Taxonomy: Autonomous Vehicles, Industrial IoT, Robotics, Material Handling, Mining, Fleet Management, Autonomous Machines, Manufacturing Optimization, AMRs, Warehouse Optimization, Safety, Data Collection

Funding Rounds & Investors of Cyngn (3)

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Funding Stage Amount No. Investors Investors Date
Post-IPO Equity $5.00M - 23 Apr 2024
Post-IPO Equity $5.00M - 08 Dec 2023
Post-IPO Equity $20.00M - 29 Apr 2022

Latest News of Cyngn

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No recent news or press coverage available for Cyngn.

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