Cyngn, Inc., an autonomous vehicle (AV) technology company, develops autonomous driving software. It is developing Enterprise Autonomy Suite, which consists of DriveMod, a modular industrial vehicle autonomous driving software; Cyngn Insight, a customer-facing tool suite for monitoring and managing AV fleets and aggregating/analyzing data; and Cyngn Evolve, an internal tool suite and infrastructure that facilitates artificial intelligence and machine learning training to enhance algorithms and models, and provides a simulation framework to ensure that data collected in the field can be applied to validating new releases. The company was incorporated in 2013 and is headquartered in Menlo Park, California.
IPO Year: 2021
Exchange: NASDAQ
Website: cyngn.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/16/2021 | $13.00 | Buy | Aegis Capital |
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Aegis Capital initiated coverage of Cyngn with a rating of Buy and set a new price target of $13.00
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MOUNTAIN VIEW, Calif., March 17, 2026 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced the closing of its previously announced registered direct offering for the purchase and sale of approximately $9.65 million of shares of Common Stock and pre-funded warrants at a price of $1.93 per share of Common Stock. A single institutional investor acquired greater than ninety percent of the offering, with a high-net-worth individual purchasing the remaining percent. The entire transaction was priced at the market under Nasdaq rules. The offering consisted of the sale of 5,000,000 s
MOUNTAIN VIEW, Calif., March 16, 2026 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced that it has entered into definitive agreements in a registered direct offering with for the purchase and sale of approximately $9.65 million of shares of Common Stock and pre-funded warrants at a price of $1.93 per share of Common Stock. A single institutional investor acquired greater than ninety percent of the offering, with a high-net-worth individual purchasing the remaining percent. The entire transaction has been priced at the market under Nasdaq rules. The offering consisted of t
MOUNTAIN VIEW, Calif., March 16, 2026 /PRNewswire/ -- Cyngn (NASDAQ:CYN) announced it is integrating its high-fidelity forklift vehicle models into NVIDIA Isaac Sim, an open simulation framework for developing autonomous systems. This milestone strengthens Cyngn's autonomous forklift program, including its work with Arauco, which previously pre-ordered 100 autonomous forklifts.Over the past year, Cyngn and NVIDIA engineering teams worked together to enable Cyngn's detailed forklift models — built using advanced engineering tools and exported as Functional Mock-up Units (FMUs), a
DENVER, March 11, 2026 (GLOBE NEWSWIRE) -- A fresh wave of developments across artificial intelligence, healthcare technology, and digital infrastructure is reinforcing a central theme dominating markets: the rapid convergence of AI with data-heavy industries. From biotech platforms deploying autonomous agents to data-center integrators scaling AI infrastructure, companies are positioning themselves to capture value from the next phase of the technology cycle. Leading the narrative is KALA BIO (NASDAQ:KALA), which announced it expects to deploy its first commercial AI agent within approximately two weeks as part of the rebranded Researgency.ai platform. The company is attempting to reposi
MOUNTAIN VIEW, Calif., March 11, 2026 /PRNewswire/ -- Cyngn (NASDAQ:CYN) today announced continued commercial momentum for its autonomous vehicle solutions, driven by expanding customer deployments, increased utilization across existing sites, and accelerating sales activity entering 2026. According to Marty Petratis, Cyngn's VP of Sales, the company is on track to sell more in Q1 of 2026 than all of last year based on current bookings and pipeline. Cyngn has seen a steady build in customer demand as enterprise manufacturers move from pilots into production deployments of its Dr
MOUNTAIN VIEW, Calif., March 10, 2026 /PRNewswire/ -- Cyngn (NASDAQ:CYN) today announced that a record number of existing enterprise and Fortune 100 customers have expanded their DriveMod Tugger deployments, adding vehicles and extending autonomous operations across additional routes, workflows, and facilities. "We believe that fleet expansion is one of the clearest indicators that Cyngn's autonomous vehicles solutions are delivering operational value," said Natalie Russell, CFO of Cyngn. "So, we are very excited to be setting a new record in existing customer expansion. What we
MOUNTAIN VIEW, Calif., March 6, 2026 /PRNewswire/ -- Cyngn (NASDAQ:CYN) today announced the formal grant of a new U.S. patent, US-12530029-B2, titled "System and Method of Adaptive, Real-Time Vehicle System Identification for Autonomous Driving."This issuance brings Cyngn's intellectual property portfolio to 24 U.S. patents, further solidifying the Company's competitive moat in creating vehicle-agnostic autonomous driving solutions. The patent protects a system that builds real time, gear-specific vehicle models to generate precise control commands, validates those commands thro
MOUNTAIN VIEW, Calif., March 5, 2026 /PRNewswire/ -- Cyngn (NASDAQ:CYN) will announce its 2025 fourth quarter and year-end financial results for the period ended December 31, 2025, on Wednesday, March 25, 2026, 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 autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges f
MOUNTAIN VIEW, Calif., March 4, 2026 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) today announced a commercial contract to deploy its DriveMod Tugger at a WEG manufacturing facility in Bluffton, Indiana. The deployment will support WEG's efforts to reallocate forklift labor from routine material transport to higher-value production and warehouse tasks. The DriveMod Tugger will automate the movement of electric motor components between machining and warehouse areas, replacing manual forklift runs that previously moved single pallets at a time. The autonomo
Mr. Makavy led growth at Lyft and later ran its core platform through the 2019 IPO. He also founded Snaptu, which was acquired by Facebook in 2011.MOUNTAIN VIEW, Calif., Feb. 25, 2026 /PRNewswire/ -- Cyngn (NASDAQ:CYN) today announced the appointment of Ran Makavy to its Board of Directors. He brings senior growth and platform leadership experience from Lyft and Facebook, where he helped scale large technology businesses through high-growth phases. At Lyft, Makavy built the growth team which was responsible for getting more drivers and riders to use Lyft and getting them to use
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MOUNTAIN VIEW, Calif., March 5, 2026 /PRNewswire/ -- Cyngn (NASDAQ:CYN) will announce its 2025 fourth quarter and year-end financial results for the period ended December 31, 2025, on Wednesday, March 25, 2026, 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 autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges f
Recent Operating Highlights Deployed the DriveMod Tugger at G&J Pepsi, the Largest Independent Pepsi Bottler in the USAU.S. Continental "definitely recommends" the DriveMod Tugger.Secured funding that extends Cyngn's cash runway through 2027, reinforcing balance-sheet stability and capacity to scale operations.Appointed Natalie Russell as Chief Financial Officer to strengthen financial leadership and operational discipline.Expanded the sales organization to the largest in company history, reflecting a more mature commercial posture.Deployed the DriveMod Tugger at Coats, marking another live industrial implementation of Cyngn's autonomous vehicle technology.Secured Cyngn's 23rd U.S. patent, c
Recent Operating Highlights: Completed a $32 million capital raise to extend the runway through 2027.Relocated into new, expanded headquarters in Mountain View, California.Strengthened product development with NVIDIA Isaac Sim to accelerate innovation.Continued expansion of DriveMod deployments across multiple industries, including manufacturing, logistics, and CPG.Integrated generative AI and AI agents to enhance R&D velocity and customer engagement.Awarded 23rd U.S. patent, further building Cyngn's IP portfolio in autonomous vehicle technologies.MOUNTAIN VIEW, Calif., Aug. 6, 2025 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced financial results for the second quarter ended June 30
MOUNTAIN VIEW, Calif., July 30, 2025 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) will announce its fiscal second quarter 2025 financial results for the period ended June 30, 2025, on Wednesday, August 6, 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 autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses
Recent Operating Highlights: Continued momentum in the automotive sector, reaching a milestone of executing successful DriveMod Tugger deployments at various stages with five major automotive OEMs and Tier-1 suppliers across the U.S. and Mexico.Signed a contract to deploy a DriveMod Tugger at a global Fortune 500 automotive supplier.Secured its 22nd U.S. patent for AI-powered autonomous vehicle technologies.Cyngn received approximately $308k of new bookings for DriveMod vehicles from direct sales during Q1 2025.MENLO PARK, Calif., May 7, 2025 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced financial results for its first quarter, which ended March 31, 2025.
MENLO PARK, Calif., April 30, 2025 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) will announce its fiscal first quarter 2025 financial results for the period ended March 31, 2025, on Wednesday, May 7, 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 Cyngn Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow exist
Recent Operating Highlights: Cyngn received approximately $1.3M of new bookings for DriveMod vehicles from direct sales during Q4-2024Cyngn Signed Contract to Deploy DriveMod Tugger at a Major Consumer Packaged Goods CompanyCyngn Announced Multiple Deployments at Major Automotive Brands, including Coats.Cyngn Raised $33m in December to Scale Customer Deployments and Fuel Its GrowthCyngn Highlighted its Proprietary Computer Vision Advancements with NVIDIA Accelerated ComputingCyngn Hired Marty Petraitis, a veteran of Industrial Automation, as VP of Sales.Cyngn Successfully Completed Initial Deployment of Its DriveMod Tugger at a Major Defense ContractorCyngn Completed First Paid DriveMod For
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 a
Recent Operating Highlights: Executed its first paid DriveMod Forklift Deployment.Signed a commercial contract with a major automotive service equipment manufacturer.Executed LOI to sell multiple DriveMod Tuggers to global automotive supplier.Successfully completed DriveMod Tugger Initial Deployment with a major defense contractor.Hired Experienced Industrial Automation VP of Sales, Marty Petraitis.Started deploying its next-gen 12,000 lb. DriveMod Tugger at customer facilities.Expanded its sales channels through Motrec dealers and 3rd party system integrators that combine for billions of dollars of robotics and material handling equipment annual sales.Secured its 20th and 21st U.S. Patent.
Cyngn will announce its fiscal third quarter 2024 financial results for the period ended September 30, 2024, on Wednesday, November 6, 2024 and has withdrawn its Reg A Filing. MENLO PARK, Calif., Oct. 30, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) will announce its fiscal third quarter 2024 financial results for the period ended September 30, 2024, on Wednesday, November 6, 2024, after the close of market. In addition, the Company today announced that despite having been notified by the SEC that they had no further comments on the Reg A filing that was originally filed on August 15, 2024, the Company has submitted a letter to the SEC withdrawing the Reg A filing
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Mr. Makavy led growth at Lyft and later ran its core platform through the 2019 IPO. He also founded Snaptu, which was acquired by Facebook in 2011.MOUNTAIN VIEW, Calif., Feb. 25, 2026 /PRNewswire/ -- Cyngn (NASDAQ:CYN) today announced the appointment of Ran Makavy to its Board of Directors. He brings senior growth and platform leadership experience from Lyft and Facebook, where he helped scale large technology businesses through high-growth phases. At Lyft, Makavy built the growth team which was responsible for getting more drivers and riders to use Lyft and getting them to use
MOUNTAIN VIEW, Calif., Dec. 23, 2025 /PRNewswire/ -- Cyngn (NASDAQ:CYN) today announced that Chandler Automation has joined its dealer network and will begin offering Cyngn's autonomous DriveMod Tugger to food processors and packers in the agriculture sector. Chandler Automation is a full-service partner in factory automation, specializing in optical sorting, inspection, robotic palletizing, and custom processing machinery. Known for delivering tailored, high-performance systems, Chandler empowers food processors to reduce labor costs, boost efficiency, and stay competitive wi
MENLO PARK, Calif., Oct. 15, 2024 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced the expansion of its dealer network to include Raymond West. A leading distributor and integrator of intralogistics solutions, Raymond West will begin selling Cyngn's autonomous DriveMod Tugger. The autonomous tugger integrates Cyngn's AV technology with Motrec's MT-160. "With 21 branches across the West Coast, Raymond West is an impressive company. It boasts more than $800 million in annual revenue — and we are excited to be able to add Cyngn's autonomous vehicles to their catalog," said
MENLO PARK, Calif., July 11, 2024 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced the expansion of its dealer network to include Alta Equipment Group. The purveyor of both construction and material handling equipment will begin selling Cyngn's autonomous DriveMod Tugger. The DriveMod Tugger bundles Cyngn's autonomous vehicle technology with Motrec's MT-160. "Alta has an impressive record of sales, and we are thrilled to have Cyngn's autonomous vehicles included in their catalog," said Lior Tal, CEO of Cyngn. "Motrec's industrial vehicles are renowned for their high tow
Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of innovative autonomous driving software solutions for industrial applications, today announced the appointment of Bill Ong as Head of Corporate Planning and Strategy, and Ben Mimmack as Head of Investor Relations, signaling the company's commitment to Investor Relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230125005068/en/Bill Ong, Head of Planning & Strategy; Ben Mimmack, Head of Investor Relations at Cyngn (Graphic: Business Wire) Bill Ong brings nearly 40 years of background in investor relations, corporate finance, engineering, and Wall Street experi
Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications, today announced the appointment of Chris Wright as Head of Sales. Wright has over 30 years of experience in sales, bringing a wealth of knowledge and industry expertise in both robotics and manufacturing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230119005098/en/Cyngn Head of Sales: Chris Wright (Graphic: Business Wire) Chris Wright brings extensive experience and sales leadership in the robotics industry. Most notably, Wright served as Vice President of Sales from 20
Seasoned technology leader will help expand company's sales efforts MEDFORD, Ore., July 26, 2022 /PRNewswire/ --Today, Hunter Communications announced the appointment of IT industry veteran, Ehrika Gladden, to the company's board of directors. Gladden brings more than three decades of progressive executive leadership experience, managing IT and telecom divisions, and will aid in the development of Hunter's sales strategy and efforts to increase market penetration throughout Oregon. "I'm honored to welcome Ehrika to our board of directors," said Michael Wynschenk, CEO, Hunter C
Cyngn (NASDAQ:CYN) (the "Company"), a developer of innovative autonomous driving software solutions for industrial and commercial enterprises, today announced the appointment of Marc Brown as Vice President of Human Resources. Marc has over 20 years of experience in building high-performance, innovative teams and driving business results through people and integrated HR strategies at fast-growing global organizations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220121005518/en/Marc Brown joins Cyngn as its Vice President of Human Resources. Source: Cyngn Marc will play a critical role in supporting the Company's rapid growth a