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... Read More

Since August 2023 , Cyngn has been granted seven additional patents, bringing the total US patents granted to 17. MENLO PARK, Calif. , Dec. 7, 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-11,837,089-B2, for the Company's autonomous vehicle (AV) and driving... Read More

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... Read More

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. Validation from Large Organizations. Cyngn has signed revenue-generating contracts with companies in the Fortune Global 500 and the Fortune 100. Expansion to New... Read More

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 . Recent Operating Highlights: Raised $1 . 5 million from common stock only at-the-market sales agreement through October 31, 2023... Read More

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. MENLO PARK, Calif. , Oct. 26, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced that it has raised $1.3 million under its... Read More

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. The financial results will be available on the Cyngn website under... Read More

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. , Oct. 24, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq:... Read More

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... Read More

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... Read More

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... Read More

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. , Oct. 12, 2023 /PRNewswire/ -- Cyngn, (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving... Read More

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. That announcement was made on the October 2, 2023 press release referenced here . Cyngn stockholders should be aware of the following dates:... Read More

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... Read More

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. This new... Read More

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. The dividend will be paid on October 30, 2023 (the "Distribution Date") to all holders of record of the Company's common stock as of the... Read More

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... Read More

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... Read More

DETROIT , Sept. 21, 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 Automotive Summit on October 24-25 at the MGM Grand in Detroit . The American Automotive Summit is a leadership-focused meeting about improving plant floor operations and manufacturing strategy globally. The summit provides... Read More

Since August 2023 , Cyngn has been granted four additional patents, bringing total US patents granted to 14 MENLO PARK, Calif. , Sept. 14, 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 four new patents granted by the United States Patent and Trademark Office (USPTO) for its... Read More

Arauco's first innovative deployment site identified in Bennettsville, SC for Cyngn's DriveMod Forklifts to initiate global multi-factory rollout Cyngn's autonomous DriveMod Forklifts aim to enhance Arauco's operational efficiency and safety MENLO PARK, Calif. , Aug. 23, 2023 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN), a... Read More

Cyngn uses Ouster's REV7 lidar sensors to maximize DriveMod's self-driving capabilities and detect pallet stack attributes MENLO PARK, Calif. , Aug. 22, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, recently secured... Read More

MENLO PARK, Calif. , Aug. 21, 2023 /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 virtually at the upcoming HC Wainwright Global Investment Conference on Monday, September 11, 2023 . Cyngn CEO Lior Tal will provide an overview of the company and as well as updates on its latest... Read More

MENLO PARK, Calif. , Aug. 18, 2023 /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 virtually at the upcoming Emerging Growth Conference on Wednesday, September 6, 2023 at 12 p.m. EDT . Cyngn CEO Lior Tal will provide a company business overview and deployment updates. Emerging Growth... Read More

Deal signed with Fortune 100 heavy machinery and agriculture equipment company for DriveMod Stockchaser Deployment Partnership with BYD to develop autonomous DriveMod Forklifts Partnership with new OEM, Motrec, to launch autonomous DriveMod Tuggers Pre-order from Arauco for 100 DriveMod Forklifts, potentially represents up to $5 million per year in recurring revenue Continued sales traction for autonomous stockchaser and... Read More

Technology leadership that focuses on machine learning, modularity, and multiple use case enablement supported by family of patents granted by USPTO for Autonomous Vehicle Technologies Since May 2023 , 4 additional patents granted to Cyngn, bringing total US patents granted to 10 15 additional US patents and 20 international patents have been submitted Proprietary technology stack consists of more than 80 elements that... Read More

Industrial prospects to experience first-hand Cyngn's flagship DriveMod Stockchaser navigate autonomously at their facilities Initial demo day markets include Sacramento , Minneapolis , Houston , and Atlanta Additional markets to be announced Cyngn sales leaders to host demos, product briefings, and take pre-orders MENLO PARK, Calif. , Aug. 15, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a... Read More

Quarterly revenue of $0.6 million following successful achievement of milestones on autonomous vehicle development contracts MENLO PARK, Calif. , Aug. 9, 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 second quarter ended June 30, 2023 . Recent Operating... Read More

Single largest pre-order of an ongoing AI-Powered innovation to date for Cyngn, demonstrates Arauco's proactive commitment to increased sustainability, efficiency, and safety in their future operations MENLO PARK, Calif. , Aug. 8, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced a paid pre-order... Read More

Cyngn maintains 2023 momentum with announcement of largest customer to-date, following new contracts with industrial vehicle manufacturers MENLO PARK, Calif. , July 27, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications,... Read More

MENLO PARK, Calif. , July 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 second quarter 2023 financial results for the period ended June 30, 2023 , on Wednesday, August 9, 2023 , after the close of market. The Company will host an earnings call at 1:30pm PDT / 4:30 pm EDT . A... Read More

MENLO PARK, Calif. , July 19, 2023 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced its partnership with Motrec International Inc, a globally recognized manufacturer of industrial electric vehicles. The industrial vehicle manufacturer will integrate Cyngn's DriveMod into their fleet of autonomous tuggers.... Read More

MENLO PARK, Calif. / Jun 15, 2023 / Business Wire / Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced that they have made significant progress adapting DriveMod to enable autonomous forklifts . The autonomous forklift... Read More

MENLO PARK, Calif. / May 18, 2023 / Business Wire / Cyngn, Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, will participate at the Singular Research Spring Select Investor Webinar on Wednesday, May 24, 2023 at 1:00pm – 1:45pm PDT and the LD Micro investor conference on Wednesday, June 7, 2023 at 9:00am – 9:25am PDT in Los Angeles, CA. Singular... Read More

Toronto, Canada--(Newsfile Corp. - May 15, 2023) - VID Media Incorporated ("VID") is pleased to announce that it will host a VID Town Hall Forum with CYNGN (NASDAQ: CYN) or the ("Company") on Thursday, May 18, 2023, at 11:00 am ET. Ben Landen, Vice President of Business Development will provide shareholders and interested stakeholders with an introduction to Cyngn, a developer of scalable, differentiated autonomous vehicle... Read More

Quarterly revenue of $0.9 million from autonomous vehicle development contracts MENLO PARK, Calif. / May 10, 2023 / Business Wire / 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 first quarter ended March 31, 2023. Recent Operating Highlights: Announced automated robotics... Read More

MENLO PARK, Calif. / May 09, 2023 / Business Wire / Cyngn, Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, announced today that Sean Stetson has been hired as VP of Engineering. Stetson is an accomplished product development leader who brings... Read More

MENLO PARK, Calif. / May 03, 2023 / Business Wire / Cyngn, Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, has announced the release of its Enterprise Autonomy Suite (EAS) version 9.0. The newest version of EAS comes with a suite of... Read More