Manufacturing
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.