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MENLO PARK, Calif. , Aug. 13, 2025 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) today announced the successful operational deployment of its DriveMod Tugger at Coats Company, the largest full-line wheel service equipment manufacturer in North America with over 70 years of industry expertise.
Cyngn (CYN) Fiscal Q2 Revenue Jumps 289%
Recent Operating Highlights: Completed a $32 million capital raise to extend the runway through 2027. Relocated into new, expanded headquarters in Mountain View, California.
MOUNTAIN VIEW, Calif. , July 30, 2025 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) will announce its fiscal second quarter 2025 financial results for the period ended June 30, 2025, on Wednesday, August 6, 2025, after the close of market.
MENLO PARK, Calif. , July 23, 2025 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) today announced it has partnered with Drata to support the company's pursuit of SOC 2 Type II and ISO 27001 certifications.
Cyngn (CYN -0.27%) had its initial public offering (IPO) in October 2021. At the time, valuations for growth stocks were seeing huge bullish catalysts related to the low-interest rate environment and expectations that pandemic-related conditions would pave the way for a bigger push for automation initiatives.
Cyngn raised $32M last week and are funded through 2027 DriveMod vehicles have been deployed across multiple industries, including manufacturing, automotive, logistics, and CPG. The company is accelerating its product development via new partnerships with NVIDIA and a relocation to a new, larger facility.
MOUNTAIN VIEW, CALIF., June 30, 2025 /PRNewswire/ -- Cyngn Inc. (NASDAQ: CYN) today announced the closing of a registered direct offering with a single institutional investor for the purchase and sale of approximately $17.2 million of shares of Common Stock and pre-funded warrants at a price of $7.50 per share of Common Stock.
Lior Tal, CEO of Cyngn (CYN), talks about how his company uses robotaxi tech and applies it to a warehouse setting. The company has already worked with businesses like Deere & Co. (DE) to apply the tech.
Cyngn (NASDAQ:CYN) stock has surged over 300% in just two trading days after AI chip titan Nvidia named the company in a blog post as one of a select group of robotics innovators using its Isaac robotics platform to build autonomous industrial vehicles. Cyngn specializes in autonomous vehicle technology tailored for industrial and logistics applications.