Cyngn
Assembly Line
Cyngn Raises $33m in December to Scale Customer Deployments and Fuel Its Growth
Cyngn has raised $33 million in funding to scale production and deployment of its autonomous industrial vehicles, including DriveMod Tuggers and DriveMod Forklifts. This funding will accelerate the company’s growth and deliver on its mission to proliferate industrial autonomous vehicles. With increasing demand for automation solutions, especially in the automotive, heavy machinery, and logistics industries, Cyngn is well-positioned to address labor shortages and rising operational costs. The company’s autonomous vehicle technology, powered by AI and advanced autonomy, provides a seamless path for businesses to integrate self-driving vehicles into their workflows. Cyngn’s solutions aim to enhance productivity and safety, and the company is focused on scaling its autonomous vehicle deployments, accelerating product innovation, and expanding its market reach.
Cyngn Expanding DriveMod Capabilities to Outdoor Operations In Response to Increased Demand
Cyngn Inc. (Nasdaq: CYN) announced that its AI-powered autonomous driving solution, DriveMod, will be able to operate in outdoor environments. Organizations will be able to send the DriveMod Tugger on missions that go indoors and outdoors, giving facility managers even more opportunity to automate repetitive workflows and shift employees over to more interesting, higher-value tasks. By extending DriveMod’s capabilities outdoors, Cyngn provides organizations with a solution that eliminates bottlenecks in material movement, from transporting goods between outdoor storage areas to facilitating smoother transitions across multi-building facilities.
Cyngn Joins John Deere Supply Base
Cyngn Inc. has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere’s operation in Dubuque, Iowa. Cyngn is a supplier of AI-powered autonomous vehicle and data solutions based in Menlo Park, CA.
Cyngn’s DriveMod Kit can be installed on new industrial vehicles at end of line or via retrofit, empowering customers to seamlessly adopt self-driving technology into their operations without high upfront costs or the need to completely replace existing vehicle investments.