Found in Robotics News & Content, with a score of 59.66
October 27, 2023
Cyngn Inc. yesterday announced that it has raised $1.3 million under its at-the-market, or ATM, agreement through sales of its common stock. The Menlo Park, Calif.-based company said it plans to use the proceeds for general corporate purposes, including investments in commercial sales of its autonomous driving software for industrial applications. “We are pleased with the progress of our ATM program,” said Lior Tal, chairman and CEO of Cyngn, in a press release. “The ATM program has allowed us to raise capital in a cost-effective manner to support our growth and make strategic hiring investments to our revenue teams.” “We…
Found in Robotics News & Content, with a score of 52.20
October 17, 2023
Cyngn Inc. today said it has received a patent from the U.S. Patent and Trademark Office covering its systems for self-driving industrial vehicles. The new patent, US-11767034-B2, protects the system and method of computation acceleration for autonomous driving systems. “Cyngn is committed to strategically safeguarding our intellectual property by growing our patent portfolio,” said Lior Tal, CEO of Cyngn, in a release. “These patents will play a pivotal role in our mission to deliver exceptional products. The recent addition of Cyngn's newest patent underscores our dedication to pioneering autonomous technology with an unwavering focus on safety and scalability.” Menlo Park,…
Found in Robotics News & Content, with a score of 49.92
September 28, 2023
Cyngn Inc. this week said it is starting to deploy its DriveMod Stockchasers at a Fortune 100 heavy equipment manufacturer's facility in North America. Cyngn will also attend the American Automotive Summit next month. The agreement, first announced in July, is part of the manufacturer's plan to adopt more automation in its operations. The deployment will include Cyngn's DriveMod technology, which uses artificial intelligence to automate repetitive driving tasks. Its goal is to help the customer mitigate labor shortages while increasing efficiency and safety at the facility. “This deployment demonstrates Cyngn's ability to accommodate the growing industry demand for autonomous…
Found in Robotics News & Content, with a score of 48.47
August 28, 2023
…signed a pre-order of 100 DriveMod autononous forklifts from Cyngn Inc. The deployment includes REV7 lidar sensors to provide self-driving capabilities and to detect pallet stack attributes, noted Ouster Inc. “Cyngn is pushing the boundaries of industrial autonomy with their AI-powered DriveMod platform,” stated Angus Pacala, CEO of Ouster, in a release. “By adding our high-performance REV7 sensors to the DriveMod platform, Cyngn gives 'eyes' to its industrial vehicles, allowing them to navigate seamlessly and extract rich insights from their environment in any condition.” San Francisco-based Ouster claimed that it is a leading global provider of high-resolution scanning and solid-state…
Found in Robotics News & Content, with a score of 14.23
August 18, 2023
…and nioform, plus major robotics suppliers such as Dexterity, Cyngn, inVia Robotics, and Vanderlande. Innovative software and component providers like Brightpick, inOrbit, and Microsoft are also slated to participate. The panels will examine a range of topics and use cases: Order fulfillment Goods-to-person systems and robot operations Piece picking Collaborative robots plus vision provide precision for more applications Palletizing and automated lift trucks AI and the human-machine interface More speakers will be announced soon! Register now for the Robotics Applications Conference The Robotics Applications Conference is free, and registration is now open for all sessions. The recordings will be available…
Found in Robotics News & Content, with a score of 41.79
August 17, 2023
Cyngn Inc., which develops self-driving systems for industrial applications, today announced several achievements, including “significant” customer wins, partnerships with leading OEMs, and product enhancements. The company said these accomplishments are positioning it for further growth. “The Cyngn team has delivered exciting results this year as we continue to capitalize on the industrial sector's growing demand for autonomous utility vehicles, allowing industrial enterprises to overcome labor shortages, reduce labor costs, and enhance workplace safety in manufacturing and logistics,” stated Lior Tal, CEO of Cyngn. The Menlo Park, Calif.-based company provides self-driving technology for industrial vehicles that it said can mitigate labor…
Found in Robotics News & Content, with a score of 50.64
August 15, 2023
Cyngn Inc. today began its 2023 Autonomous Vehicle Roadshow in Sacramento, Calif., with demonstrations of its DriveMod Stockchaser. The Menlo Park, Calif.-based company said it is visiting manufacturing and warehousing facilities across the U.S. to show the efficiency, safety, and performance of its systems. “We know what a major impact hands-on product experience can have for potential customers, especially with leading-edge technology like robots and artificial intelligence,” said Lior Tal, CEO of Cyngn, in a release. “We are meeting with potential customers to provide a first-hand opportunity to experience the DriveMod Stockchaser and learn about the many benefits, including enhanced…
Found in Robotics Companies & Businesses, with a score of 81.53
August 01, 2023
Cyngn develops and deploys autonomous vehicle solutions to industrial fleets. Its self-driving vehicle technology helps industrial organizations become more efficient, productive, and safe, addressing challenges such as labor shortages, safety incidents, and increased eCommerce demand. Cyngn's DriveMod Kit can be installed on new industrial vehicles at the end of production or retrofitted onto existing fleets, allowing customers to easily adopt self-driving technology without high upfront costs or the need to replace their existing vehicles. DriveMod is part of its Enterprise Autonomy Suite, which also includes Cyngn Insight, a customer-facing AV fleet management and analytics tool, and Cyngn Evolve, an internal…
Found in Robotics News & Content, with a score of 44.70
August 01, 2023
Cyngn Inc. today announced an agreement with wood products supplier Arauco to deploy an initial 100 autonomous electric forklifts. The DriveMod-enabled systems will help make Arauco's operations more efficient, said the company. “Arauco has a large forklift fleet and an even larger vehicle fleet,” noted Ben Landen, vice president of business development at Cyngn. “It does so many moves with forklifts—particularly difficult and heavy moves—that we want to reach a world where no human has to be in proximity of a working forklift.” “Typically, our best customers fall into the challenges of labor shortages, the cost of labor, or safety,…
Found in Robotics News & Content, with a score of 58.00
July 27, 2023
Cyngn Inc. today announced an agreement with a Fortune 100 heavy equipment manufacturer to deploy DriveMod Stockchasers in its North American factory, starting in the coming weeks. The Menlo Park, Calif.-based company said the manufacturer, which declined to be named, is its largest customer to date. “This contract is another in a string of major successes for us—each of which proves autonomous vehicles for industrial applications are here to stay,” said Lior Tal, CEO of Cyngn, in a release. “Our new customers are proud of their autonomous vehicle adoption, as it conveys their forward thinking and focus on safety and…
Found in Robotics News & Content, with a score of 50.78
July 19, 2023
…advance electric and autonomous vehicles for industrial fleets. are Cyngn Inc. today announced that it has partnered with Motrec International Inc. to integrate its DriveMod system into Motrec's autonomous tuggers. “By joining forces with Cyngn, we are reinforcing our commitment to innovation while also meeting the evolving needs of our customers who have been actively seeking automation solutions,” said Blair McIntosh, president and CEO of Motrec, in a press release. “Motrec's MT-160 tow tractor, known for its robustness, durability, and maneuverability, offers an industry-leading 6,000 lb. of stable towing power,” he added. “We are excited to bring DriveMod to our…
Found in Robotics News & Content, with a score of 41.59
June 16, 2023
Fully autonomous forklifts got a boost yesterday when Cyngn Inc. announced that it has made “significant progress” adapting its DriveMod artificial intelligence-driven technology to enable forklifts to be self-driving. An ongoing paid contract with an end user in the building materials industry led to the addition of autonomous vehicle capabilties to an electric forklift from BYD Motors LLC. “Adapting DriveMod to electric forklifts represents a significant milestone in the expansion of Cyngn's portfolio of DriveMod-enabled vehicles to the most universal material handling vehicle,” said Lior Tal, CEO of Cyngn, in a press release. “By combining our expertise in autonomous technology…
