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Cyngn Featured in NVIDIA Article About Building Robots with AI
Prnewswire· 2026-03-19 11:10
Core Insights - Cyngn was featured in an NVIDIA article that emphasizes the importance of simulation in the development of autonomous robotics [1][2] - The article highlights Cyngn's use of NVIDIA Isaac Sim for testing forklift tire dynamics on various surfaces and inclines [1][3] Company Developments - Cyngn has developed a simulation and testing environment utilizing NVIDIA Isaac Sim, which was showcased in a video of the DriveMod Tugger operating in this simulated environment [3] - The company announced the integration of high-fidelity forklift vehicle models into NVIDIA Isaac Sim, enhancing their development workflow [3][4] Technology and Product Offerings - Cyngn's DriveMod technology allows customers to implement self-driving technology without significant upfront costs or infrastructure changes [5] - The DriveMod Tugger can haul up to 12,000 lbs and automate 60 labor hours of manual material handling per week, while the DriveMod Forklift is designed for heavy loads using non-standard pallets [5]
Cyngn Inc. Announces Closing of $9.65 Million Registered Direct Offering, Priced at the Market Under Nasdaq Rules
Prnewswire· 2026-03-17 14:48
Cyngn Inc. Announces Closing of $9.65 Million Registered Direct Offering, Priced at the Market Under Nasdaq Rules Accessibility StatementSkip NavigationMOUNTAIN VIEW, Calif., March 17, 2026 /PRNewswire/ -- Cyngn Inc. (NASDAQ: CYN) today announced the closing of its previously announced registered direct offering for the purchase and sale of approximately $9.65 million of shares of Common Stock and pre-funded warrants at a price of $1.93 per share of Common Stock. A single institutional investor acquired gre ...
Cyngn Inc. Announces $9.65 Million Registered Direct Offering, Priced at the Market Under Nasdaq Rules
Prnewswire· 2026-03-16 17:17
Cyngn Inc. Announces $9.65 Million Registered Direct Offering, Priced at the Market Under Nasdaq Rules Accessibility StatementSkip NavigationMOUNTAIN VIEW, Calif., March 16, 2026 /PRNewswire/ -- Cyngn Inc. (NASDAQ: CYN) today announced that it has entered into definitive agreements in a registered direct offering with for the purchase and sale of approximately $9.65 million of shares of Common Stock and pre-funded warrants at a price of $1.93 per share of Common Stock. A single institutional investor acquir ...
At GTC, Cyngn Advances High-Fidelity Forklift Simulation Through FMU Integration in NVIDIA Isaac Sim
Prnewswire· 2026-03-16 11:10
At GTC, Cyngn Advances High-Fidelity Forklift Simulation Through FMU Integration in NVIDIA Isaac Sim Accessibility StatementSkip Navigation MOUNTAIN VIEW, Calif., March 16, 2026 /PRNewswire/ -- Cyngn (NASDAQ: CYN) announced it is integrating its high-fidelity forklift vehicle models into NVIDIA Isaac Sim, an open simulation framework for developing autonomous systems. This milestone strengthens Cyngn's autonomous forkliftprogram, including its work with Arauco, which previously pre-ordered100 autonomous for ...
With Sales Momentum Accelerating, Cyngn 'On Track' to Sell More in Q1 Than in All of 2025
Prnewswire· 2026-03-11 11:00
With Sales Momentum Accelerating, Cyngn 'On Track' to Sell More in Q1 Than in All of 2025 Accessibility Statement Skip NavigationMOUNTAIN VIEW, Calif., March 11, 2026 /PRNewswire/ -- Cyngn (NASDAQ: CYN) today announced continued commercial momentum for its autonomous vehicle solutions, driven by expanding customer deployments, increased utilization across existing sites, and accelerating sales activity entering 2026. According to Marty Petratis, Cyngn's VP of Sales, the company is on track to sell more in Q ...
Cyngn Sets Record for Enterprise Customer Expansion
Prnewswire· 2026-03-10 11:05
Core Insights - Cyngn has achieved a record expansion of its DriveMod Tugger deployments among existing enterprise and Fortune 100 customers, indicating strong operational value from its autonomous vehicle solutions [1][1][1] Company Performance - The company tripled the number of DriveMod Tuggers sold in 2025 compared to 2024, reflecting significant growth in sales and increased autonomous activity across its installed base [1][1][1] - Total autonomous operating time more than doubled in the second half of 2025, rising by 113%, showcasing the effectiveness of new deployments moving into full production [1][1][1] Customer Engagement - Customers typically start with a focused deployment that automates a specific logistics route, and upon proving reliability, they tend to expand their use of DriveMod Tuggers across additional workflows and facilities [1][1][1] - Cyngn's VP of Sales indicated that the company is on track to sell more in Q1 of 2026 than in the entirety of the previous year, highlighting strong demand [1][1][1] Technology Development - Cyngn advanced its technology platform in 2025 through simulation work with NVIDIA Isaac Sim, enhancing its capabilities in autonomous vehicle technology [1][1][1] - The DriveMod Tugger can haul up to 12,000 lbs and targets a typical payback period of less than 2 years, making it an attractive option for industrial organizations [1][1][1]
Cyngn Awarded 24th Patent, Strengthening Universal Autonomy Capabilities
Prnewswire· 2026-03-06 12:05
Core Insights - Cyngn has been granted a new U.S. patent, US-12530029-B2, enhancing its intellectual property portfolio to 24 patents, which strengthens its competitive position in the autonomous driving sector [1] - The patented technology focuses on adaptive, real-time vehicle system identification, allowing for precise control commands and continuous adaptation as hardware degrades, making it applicable across various vehicle types without needing redesigns [1] Company Developments - The CEO of Cyngn, Lior Tal, emphasized the importance of building a robust intellectual property wall around core innovations to protect the long-term value of the technology stack as the company scales [1] - Cyngn's DriveMod technology enables industrial organizations to implement self-driving technology with lower upfront costs and without extensive infrastructure changes, currently available on specific vehicle models [1] Technical Advantages - The patented system offers several operational benefits, including proactive maintenance awareness, fleet intelligence, safety through simulation, gear-specific precision, and vehicle-agnostic scalability [1] - The technology monitors component wear and adjusts models accordingly, synchronizes updates across fleets, simulates movements to validate commands, and generates specific control commands for different vehicle gears [1] Industry Context - The patent reflects a broader trend in industrial automation where intelligence is becoming a key asset, as companies modernize aging fleets with adaptable autonomy platforms [1] - Securing intellectual property related to vehicle adaptability positions Cyngn favorably within the ongoing transition towards software-led industrial transformation [1]
Cyngn Announces Date for 2025 Fourth Quarter and Year-End Financial Results
Prnewswire· 2026-03-05 12:05
Core Viewpoint - Cyngn will announce its 2025 fourth quarter and year-end financial results on March 25, 2026, after market close, and will not host an earnings call [1] Company Overview - Cyngn develops and deploys autonomous vehicle technology aimed at industrial organizations, addressing challenges such as labor shortages and safety incidents [1] - The company's DriveMod technology allows customers to integrate self-driving technology into their operations with minimal upfront costs and infrastructure requirements [1] Product Details - DriveMod Tugger can haul up to 12,000 lbs and is designed for both indoor and outdoor use, with a typical payback period of less than 2 years [1] - DriveMod Forklift is capable of lifting heavy loads using non-standard pallets and is currently available to select customers [1]
Cyngn Deploys DriveMod Tugger at WEG Electric Motor Facility
Prnewswire· 2026-03-04 12:05
Group 1 - Cyngn, Inc. announced a commercial contract to deploy its DriveMod Tugger at a WEG manufacturing facility in Bluffton, Indiana [1]
Cyngn Adds Former Lyft Exec, Ran Makavy, to Board
Prnewswire· 2026-02-25 12:05
Cyngn Adds Former Lyft Exec, Ran Makavy, to Board [Accessibility Statement] Skip NavigationMr. Makavy led growth at Lyft and later ran its core platform through the 2019 IPO. He also founded Snaptu, which was acquired by Facebook in 2011.MOUNTAIN VIEW, Calif., Feb. 25, 2026 /PRNewswire/ -- Cyngn (Nasdaq: CYN) today announced the appointment of Ran Makavy to its Board of Directors. He brings senior growth and platform leadership experience from Lyft and Facebook, where he helped scale large technology busine ...