Automate Your Material Handling with Cyngn: $3.5 Million Funding Announcement

We are thrilled to announce that Cyngn, a leader in autonomous material handling solutions, has successfully raised $3.5 million in funding to further enhance the development of our cutting-edge technology. Our innovative autonomous tuggers and forklifts, powered by our proprietary DriveMod technology, are designed to revolutionize the material handling industry by automating repetitive workflows and streamlining operations. This recent funding will be pivotal in scaling our capabilities, allowing us to refine our existing technology and expand our offering to meet the increasing demand for automation in various industrial sectors. With a proven track record of reducing labor costs by an impressive 64% and boosting team productivity by 33%, our autonomous solutions are akin to adding an extra team member for every three workers in a facility. Our user-friendly equipment utilizes heavy-duty vehicles from renowned manufacturers such as Motrec and BYD, ensuring they can tackle even the most demanding industrial jobs while being easy to maintain. With features like safely navigating complex sites, intelligent multi-layered safety systems, versatile programmable skills, and flexible management options, our vehicles are tailored for efficiency, safety, and productivity. As we move forward, this funding will enable us to accelerate product innovation and expand our market reach, bringing the benefits of our impactful autonomous solutions to more industries and facilities. We invite you to join us on this exciting journey, as we drive forward the future of industrial operations with automation at its core.