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 ...

Gryczan, Vice President and Managing Director of Defense, has spent 20 years as a leader at defense and automotive-tech organizationsMOUNTAIN VIEW, Calif., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Kodiak AI, Inc. ("Kodiak") (Nasdaq: KDK), a leading provider of AI-powered autonomous vehicle technology, today announced the appointment of Chet Gryczan as Vice President and Managing Director of Defense, effective immediately. Gryczan brings more than two decades of experience building and leading defense and automotiv ...

Core Insights - Kodiak AI has been awarded a contract by the U.S. Marine Corps to integrate its AI-powered autonomous driving system, the Kodiak Driver, into the ROGUE-Fires carrier ground vehicle, enhancing military capabilities for distributed maritime operations and expeditionary force projection [1][2][3] Group 1: Company Overview - Kodiak AI, founded in 2018, specializes in AI-powered autonomous vehicle technology aimed at addressing complex driving challenges and enhancing supply chain efficiency [4] - The Kodiak Driver is a dual-use technology that combines advanced AI software with modular hardware, designed for both commercial and public sector applications [4] - In 2024, Kodiak achieved a milestone by deploying customer-owned driverless trucks in commercial service, marking a significant advancement in autonomous ground transportation [4] Group 2: Military Collaboration - The integration of the Kodiak Driver into the ROGUE-Fires platform will allow the U.S. Marine Corps to enhance operational reach, improve tempo, and reduce risks during high-end missions [2][3] - Kodiak has previously collaborated with the U.S. Army, receiving approximately $30 million for a three-year contract to deliver an autonomous solution for the Robotic Combat Vehicle program, demonstrating its capability in real-world testing [3]

Core Insights - Cyngn Inc. is expanding its DriveMod Tugger deployments in large industrial facilities, driven by increasing customer demand for site-wide autonomy in material movement [1][2][3] Group 1: Product Features and Benefits - DriveMod Tugger offers an easy-to-use interface and dual indoor-outdoor capability, addressing inefficiencies in transporting materials across large warehouses and manufacturing campuses [2][5] - The technology automates repetitive movements, facilitating smoother transitions between storage, production, and distribution areas, thus enabling scalable facility-wide automation [2][3] - DriveMod Tugger can haul up to 12,000 lbs and has a typical payback period of less than 2 years, making it a cost-effective solution for industrial operations [6] Group 2: Market Demand and Customer Insights - Customers are seeking autonomy that integrates into their entire operations rather than isolated solutions, highlighting the importance of reliable material movement across large facilities [3] - The growing interconnectedness of industrial sites necessitates solutions like DriveMod that enhance efficiency and scalability [3] Group 3: Company Overview - Cyngn specializes in autonomous vehicle technology for industrial organizations, addressing challenges such as labor shortages and safety incidents [4]

Core Insights - Cyngn is advancing its collaboration with NVIDIA by developing a simulation environment using NVIDIA Isaac Sim to enhance the commercial deployment of its autonomous vehicle solutions [1][2] Group 1: Collaboration and Technology Development - The simulation environment allows Cyngn to run its autonomy and fleet management software in a high-fidelity digital warehouse, facilitating faster validation and refinement of capabilities [1][3] - This environment supports larger simulated fleets and more complex operational scenarios, enabling Cyngn to accelerate quality assurance cycles and evaluate new features earlier in development [3][4] Group 2: Strategic Impact - The use of NVIDIA Isaac Sim is seen as a critical factor in bringing new autonomous products to market, allowing for faster validation of new use cases and reducing development risks [4] - Cyngn is contributing a detailed industrial-vehicle dynamics model to the Isaac Sim framework, which aims to improve simulation accuracy for real-world performance [4] Group 3: Future Applications - Cyngn plans to utilize the new simulation environment for development, customer demonstrations, and early-stage training workflows, while also exploring opportunities with existing partners [5] - The company’s DriveMod technology enables customers to integrate self-driving technology into their operations without significant upfront costs [7]

Core Insights - Uber Technologies Inc. is a global leader in ride-sharing and food delivery services, founded in 2009, and has expanded into various transportation and logistics services [1] - The company faces competition from other ride-sharing companies like Lyft and food delivery services such as DoorDash [1] Stock Performance - As of the latest update, Uber's stock price is $81.98, reflecting a slight decrease of 0.33, or approximately -0.40% [4] - The stock has traded between $81.91 and $83.33 today, with a yearly high of $101.99 and a low of $60.63, indicating market volatility [4] Market Capitalization - Uber's market capitalization is approximately $170.34 billion, with a trading volume of 14.93 million shares, showcasing its significant presence in the transportation and logistics industry [5] Price Target and Growth Potential - Stifel Nicolaus has set a price target of $105 for Uber, suggesting a potential increase of approximately 28.08% from its current stock price of $81.98 [2][6] Strategic Initiatives - Uber AV Labs is a new division focused on collecting real-world driving data, which is crucial for the advancement of self-driving technology [3][6] - This data is in high demand from partners like Waymo, Waabi, and Lucid Motors, although Uber has not resumed its own robotaxi development [3][6]

Core Insights - Cyngn has tripled the sales of its autonomous DriveMod Tuggers in 2025 compared to 2024, indicating strong customer adoption and operational expansion [1][2] - The company anticipates further deployments in early 2026, including multi-vehicle implementations and fleet expansions at existing customer sites [2] - Cyngn's recent $32 million funding raise and collaboration with NVIDIA aim to enhance next-generation autonomous vehicle development [2] Company Overview - Cyngn specializes in developing and deploying autonomous vehicle technology for industrial sectors, addressing challenges such as labor shortages and safety incidents [3] - The DriveMod technology allows customers to integrate self-driving capabilities without significant upfront costs or extensive infrastructure [4] Product Details - The DriveMod Tugger can haul up to 12,000 lbs and typically achieves a payback period of less than 2 years [4] - DriveMod is compatible with Motrec MT-160 Tuggers and BYD Forklifts, enhancing operational efficiency for customers [4] Operational Activities - Cyngn has conducted numerous customer facility visits to assess workflows and validate deployment use cases [6] - The company has executed multiple on-site demonstrations of the DriveMod Tugger and completed upgrades of its technology at active customer locations [6]

Core Viewpoint - Uber Technologies is a dominant player in the ridesharing industry, holding approximately 75% of the U.S. market, but faces challenges in the autonomous vehicle sector [1][2][6] Market Position - Uber controls about 75% of the U.S. ridesharing market and competes closely with Lyft [1] - The company's stock has been under pressure due to competition in the self-driving vehicle sector [2][6] Stock Performance - Uber's stock has lagged behind the S&P 500 index since its IPO in mid-2019, with a current price of approximately $86.26, reflecting a 0.84% increase [3] - The stock has traded between $85.90 and $87.73 today, with a market cap of approximately $179.23 billion [3] Revenue and Growth Potential - Despite challenges, Uber remains a strong cash generator with impressive revenue growth, indicating potential for future stock improvement [2][6] - The potential success of Uber's autonomous vehicle business is not fully reflected in the current stock price, suggesting room for significant growth in the coming years [5] Legislative Developments - A legislative push led by Republican Representative Brett Guthrie aims to facilitate the deployment of autonomous vehicles in the U.S., which could benefit companies like Uber [4] - The proposed Motor Vehicle Modernization Act seeks to increase the number of AVs exempt from certain safety standards, impacting Uber's AV business [4]

Core Insights - Uber Technologies, Nuro, and Lucid have initiated on-road testing of their robotaxi, with plans to launch the service in the San Francisco Bay Area later this year [1][2] - The companies are showcasing the vehicle at CES, and Nuro's safety framework includes closed-course testing and simulation [2] - Lucid is expected to begin production of the vehicle at its Arizona factory later this year [3] Vehicle Features - The robotaxi, designed by Uber, features roof-mounted LED lights for rider identification, interactive screens for personalizing the ride experience, and in-vehicle visualization [4] - It can accommodate six passengers and their luggage [4] Technology and Partnerships - The robotaxi's high-performance compute is based on Nvidia DRIVE AGX Thor, part of the Nvidia DRIVE Hyperion platform [5] - The partnership aims to create an affordable and scalable autonomous ride option in the San Francisco Bay Area and beyond, with plans to deploy over 20,000 robotaxis in various markets by 2026 [5] Industry Context - The shift towards autonomous vehicle technology presents challenges for traditional car companies, as scaling a robotaxi service requires significant investment amid high industry costs [6]

Core Insights - Cyngn has partnered with Chandler Automation to expand its dealer network, focusing on providing autonomous DriveMod Tugger solutions to food processors in the agriculture sector [1][4][5] Company Overview - Cyngn specializes in developing and deploying autonomous vehicle technology aimed at addressing challenges such as labor shortages and safety incidents in industrial organizations [10] - Chandler Automation is a full-service partner in factory automation, known for its expertise in optical sorting, inspection, robotic palletizing, and custom processing machinery [3][6] Partnership Details - The partnership allows Chandler Automation to offer the DriveMod Tugger, which automates material transport between processing lines and packaging systems, enhancing efficiency for food producers [4][5] - Cyngn's CEO highlighted the importance of this partnership as food producers increasingly invest in automation to improve uptime and throughput [5] Product Features - The 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 [12] - DriveMod technology enables seamless integration of self-driving capabilities without significant upfront costs or infrastructure changes [11] Industry Impact - The collaboration is expected to empower food processors to reduce labor costs and enhance operational efficiency, aligning with the industry's shift towards automation [3][5][8]