CYNGN

CYNGN, Inc. engages in the development of autonomous driving software that can be deployed on multiple vehicle types in various environments. The company was founded by Kirt McMaster and Steve Kondik on February 1, 2013 and is headquartered in Menlo Park, CA.

Earnings data Q4 2021

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Cyngn, Inc. engages in the development of autonomous driving software that can be deployed on multiple vehicle types in various environments. The company was founded by Kirt McMaster and Steve Kondik on February 1, 2013 and is headquartered in Menlo Park, CA.

MENLO PARK, Calif. , Jan. 25, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced a strategic shift to Nvidia AI computers that will revolutionize the technology powering its fleet of DriveMod autonomous industrial vehicles.

Cyngn's Next-Gen DriveMod Kit Will Harness Nvidia AI Computers

NVIDIA

Paid pre-order agreement from Arauco  for 100 DriveMod Forklifts, potentially represents up to $5 million per year in recurring revenue. Valuable deployment with US Continental , a California-based manufacturer.

Cyngn Increases Commercialization of AI-Powered Autonomous Vehicle Solutions in 2023

MENLO PARK, Calif. , Jan. 19, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced that it will present at the upcoming Sequire Investor Summit 2024 event on January 24, 2024 at 11:00 - 11:25 a.m.

Cyngn to Present at the Sequire Investor Summit in Puerto Rico

Since August 2023, Cyngn has been granted eight additional patents, bringing the total U.S. patents granted to 18. MENLO PARK, Calif.

Cyngn Secures its 18th U.S. Patent in Adaptive Traffic Rule-Based Decision Making for Autonomous Driving

NEW YORK, NY / ACCESSWIRE / December 12, 2023 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $5.0 Million Public Offering of Common Stock for Cyngn Inc. (NASDAQ:CYN). About Cyngn Inc. Cyngn Inc., an autonomous vehicle (AV) technology company, develops autonomous driving software.

Aegis Capital Corp. Acted as Exclusive Placement Agent on a $5.0 Million Public Offering of Common Stock for Cyngn Inc. (NASDAQ:CYN)

MENLO PARK, Calif. , Dec. 12, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced the closing of its common stock public offering made on a reasonable best-efforts basis with gross proceeds of approximately $5.0 million, before deducting placement agent fees and other expenses payable by the Company.

Cyngn Closes $5.0 Million Public Offering of Common Stock

MENLO PARK, Calif. , Dec. 8, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced the pricing of its common stock public offering made on a reasonable best-efforts basis with gross proceeds of approximately $5.0 million, before deducting placement agent fees and other expenses payable by the Company.

Cyngn Announces Pricing of $5.0 Million Public Offering of Common Stock

Cyngn (NASDAQ: CYN ) stock is rising higher on Thursday after the company was granted a new patent covering artificial intelligence ( AI ) for self-driving cars. The new patent granted to Cyngn covers its novel modular extensible behavioral decision system for autonomous driving.

Why Is Cyngn (CYN) Stock Up 73% Today?

Since August 2023, Cyngn has been granted seven additional patents, bringing the total US patents granted to 17. MENLO PARK, Calif.

Cyngn Granted 17th U.S. Patent for its AI-Powered Autonomous Vehicle Technologies

Cyngn will attend the American Aerospace and Defense Summit with Motrec International Inc. on December 4-5, 2023 in Fort McDowell, AZ. PHOENIX , Nov. 30, 2023 /PRNewswire/ --  Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, will attend the American Aerospace and Defense Summit with Motrec International Inc. on December 4-5 at the We-Ko-Pa Resort near Phoenix.

Cyngn to Attend the American Aerospace and Defense Summit with Motrec International Inc. to Capitalize on Recent Commercial Announcements

The recent months have been marked by: Sales Acceleration. More customer opportunities were added to the sales pipeline in October than in all of the third quarter.

CEO 3Q23 Newsletter: Commercial Achievements and Business Momentum is Anticipated to Continue Through Year-End

MENLO PARK, Calif. , Nov. 8, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced its financial results for the fiscal third quarter ended September 30, 2023.

Cyngn Reports Third Quarter 2023 Financial Results

The company is using this capital injection to expand its revenue teams. Bolstered Cyngn sales team added more deals to its pipeline in October than in all of Q3.

Cyngn Raises $1.3 Million in Common Stock Only, Under its ATM Sales Agreement

MENLO PARK, Calif. , Oct. 25, 2023 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, will announce its fiscal third quarter 2023 financial results for the period ended September 30, 2023, on Wednesday, November 8, 2023, after the close of market.

Cyngn Announces Date for Fiscal Third Quarter 2023 Financial Results

Following the company's partnership announcement with Motrec International Inc, the first-of-its-kind DriveMod Tugger with automatic unhitching capabilities is capable of towing up to 6,000 pounds with a 54-inch turning radius. MENLO PARK, Calif.

Cyngn Reveals DriveMod Tugger: Fully Autonomous, Electric Tugger for Industrial Operations

With multiple partners already signed, Cyngn's DriveMod solutions are now better positioned to reach a growing base of new customers across North America MENLO PARK, Calif. , Oct. 19, 2023 /PRNewswire/ -- Cyngn, (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, proudly announces the Cyngn Dealer Network.

Cyngn Launches Dealer Network for Industrial Autonomous Vehicles, Expanding Its Market Reach

Deadline for Cyngn stockholders to receive stock dividend benefit is October 19, 2023 MENLO PARK, Calif. , Oct. 18, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, reminds investors that Thursday, October 19, 2023 will be the last business day for new and existing Cyngn stockholders to purchase and own Cyngn common stock in order to receive the benefit of our announced stock dividend.

Cyngn Summarizes Key Dates for Stock Dividend Distribution

New application leverages protection and method of computation acceleration for autonomous driving systems Since August 2023, Cyngn has been granted six additional patents, bringing the total US patents granted to 16 MENLO PARK, Calif. , Oct. 17, 2023 /PRNewswire/ -- Cyngn Inc.  (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced the issuance of a new patent, US-11767034-B2, for the Company's autonomous vehicle and driving solutions.

Cyngn Secures U.S. Patent for its AI-Powered Autonomous Vehicle Technologies

With the launch of its autonomous vehicle consultancy, Cyngn enables OEMs and other industrial organizations to spearhead new autonomous vehicle developments and deployments. MENLO PARK, Calif.

Cyngn Launches Consultancy Service to Support New Autonomous Vehicle Projects

MENLO PARK, Calif. , Oct. 10, 2023 /PRNewswire/ -- Cyngn Inc.  (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, recently announced a pro rata 10% dividend of its common stock approved by its board of directors.

Cyngn Announces Establishment of Ex-Dividend Date for Stock Dividend

MENLO PARK, Calif. , Oct. 5, 2023 /PRNewswire/ --  Cyngn Inc.  (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, has taken a leap toward addressing the ongoing labor shortage crisis with its recent partnership with Arauco, as reported by Forbes  in August 2023.

Cyngn Revolutionizing Labor Shortage Challenges Through Driverless Forklift Partnership, Featured in Forbes

MENLO PARK, Calif. , Oct. 3, 2023 /PRNewswire/ --  Cyngn Inc.  (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced the issuance of a new patent, US-11760368-B2, for the Company's autonomous vehicle (AV) and driving solutions.

Cyngn Expands U.S. Patent Portfolio for its Autonomous Vehicle Technologies with 15th Patent

MENLO PARK, Calif. , Oct. 2, 2023 /PRNewswire/ -- Cyngn Inc.  (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced that its board of directors has approved a pro rata 10% dividend of its common stock.

Cyngn Declares Pro Rata Dividend of Common Stock

South Carolina to serve as the hub for electrification and automation expansion MENLO PARK, Calif. , Sept. 28, 2023   /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a pioneer in AI-powered autonomous driving solutions for industrial settings, and Arauco , a leading global provider of sustainable forestry products, pulp, and engineered wood for the furniture and construction sectors, announced the continuation of their partnership with a paid pre-order agreement and plans to deploy at Arauco's facility in Bennettsville, South Carolina.

Cyngn and Empresas Copec's Arauco Continue Automation and Sustainability Enhancements with Electric AI-Powered DriveMod Forklifts

Cyngn will be towing parts at a large facility that uses hundreds of work vehicles to support manufacturing of hundreds of machines per day MENLO PARK, Calif. , Sept. 26, 2023 /PRNewswire/ -- Cyngn Inc.  (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced the beginning of its deployment with a Fortune 100 Heavy Equipment Manufacturer to use DriveMod Stockchasers in one of its North American facilities.

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