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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3 - Cyngn Inc. (0001874097) (Issuer)
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8-K - Cyngn Inc. (0001874097) (Filer)
8-K - Cyngn Inc. (0001874097) (Filer)
SCHEDULE 13G - Cyngn Inc. (0001874097) (Subject)
8-K - Cyngn Inc. (0001874097) (Filer)
8-K - Cyngn Inc. (0001874097) (Filer)
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Since August 2023, Cyngn has been granted 13 additional patents, bringing the total U.S. patents granted to 23. MOUNTAIN VIEW, Calif., Aug. 26, 2025 /PRNewswire/ -- Cyngn (NASDAQ:CYN) announced the official granting of a new patent, 12,332,083 for the Company's innovative autonomous vehicle (AV) solutions. The patent, Modular Sensor System For Automated Guided Vehicles, introduces a modular sensor system that is configured to be coupled to existing industrial machines while making few, if any, modifications to the industrial machine. The significance of this patent lies in the
MOUNTAIN VIEW, Calif., Aug. 14, 2025 /PRNewswire/ -- Today, Cyngn Inc. (NASDAQ:CYN) announced that Natalie Russell has been promoted to CFO. CYN) announced that Natalie Russell has been promoted to CFO." alt="Today, Cyngn (NASDAQ:CYN) announced that Natalie Russell has been promoted to CFO."> Mrs. Russell began her career in the audit and assurance practice of Ernst & Young from September 2017 to December 2022. Mrs. Russell is a Certified Public Accountant in the state of California. She holds a Bachelor of Science in Business Administration from the University of Dayton. Russe
MENLO PARK, Calif., Aug. 13, 2025 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced the successful operational deployment of its DriveMod Tugger at Coats Company, the largest full-line wheel service equipment manufacturer in North America with over 70 years of industry expertise. The deployment is now live at Coats' 150,000+ square foot manufacturing facility in La Vergne, Tennessee, where Cyngn's autonomous DriveMod Tugger is automating the transport of wheel service components across production lines. Watch the full case study video here: https://www.cyngn.com/coats This follows the announcement in January of this year of the initiation of the production
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
MENLO PARK, Calif., July 23, 2025 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced it has partnered with Drata to support the company's pursuit of SOC 2 Type II and ISO 27001 certifications. These efforts build on Cyngn's long-established information security practices and reflect the company's continued commitment to protecting its data, systems, and customers. The engagement with Drata is part of a broader, ongoing initiative to strengthen Cyngn's security posture. As part of this work, the company has established a bug bounty program that invites third-party research
Cyngn raised $32M last week and are funded through 2027DriveMod vehicles have been deployed across multiple industries, including manufacturing, automotive, logistics, and CPG.The company is accelerating its product development via new partnerships with NVIDIA and a relocation to a new, larger facility.The company is leveraging AI across the business to accelerate the development and deployment of its products.MOUNTAIN VIEW, Calif., July 2, 2025 /PRNewswire/ -- Today, Cyngn (NASDAQ:CYN) issued a letter from the CEO: Cyngn Shareholders: Last week, Cyngn completed a $32 million
MOUNTAIN VIEW, CALIF., June 30, 2025 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced the closing of a registered direct offering with a single institutional investor for the purchase and sale of approximately $17.2 million of shares of Common Stock and pre-funded warrants at a price of $7.50 per share of Common Stock. Upon closing of the offering, the Company will have fully utilized its shelf registration statement. The offering consisted of the sale of 2,293,333 shares of Common Stock (or Pre-Funded Warrants). The public offering price per share of Common Stock was $
MOUNTAIN VIEW, Calif., June 27, 2025 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced the closing of a registered direct offering with a single institutional investor for the purchase and sale of approximately $15.0 million of shares of Common Stock and pre-funded warrants at a price of $5.01 per share of Common Stock. The offering consisted of the sale of 2,994,012 shares of Common Stock (or Pre-Funded Warrants. The public offering price per share of Common Stock was $5.01 (or $5.00999 for each Pre-Funded Warrant, which is equal to the public offering price per share o
MOUNTAIN VIEW, Calif., June 27, 2025 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced that it has entered into definitive agreements in a registered direct offering with a single institutional investor for the purchase and sale of approximately $17.2 million of shares of Common Stock and pre-funded warrants at a price of $7.50 per share of Common Stock. Upon closing of the offering, the Company will have fully utilized its shelf registration statement. The offering consisted of the sale of 2,293,333 shares of Common Stock (or Pre-Funded Warrants). The public offering pr
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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
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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
MENLO PARK, Calif., May 1, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) will announce its fiscal first quarter 2024 financial results for the period ended March 31, 2024, on Wednesday, May 8, 2024, 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 wo
MENLO PARK, Calif., Feb. 27, 2024 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) will announce its 2023 fourth quarter and year-end financial results for the period ended December 31, 2023, on Wednesday, March 6, 2024, 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
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