Cyngn develops AI-powered autonomous driving software for industrial vehicles including forklifts, tuggers, and other material handling equipment. The company's DriveMod platform enables seamless retrofit of autonomous capabilities to existing industrial fleet vehicles, addressing labor shortages and improving safety in manufacturing, logistics, and warehouse operations.
Cyngn is publicly traded
IPO'd on October 20, 2021
This company is no longer available on our private secondary market. Shares can be traded publicly under CYN.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2013
Employees
51–200
Total Funding
$138M
4 rounds
Last Private Valuation
$1B
March 23, 2015
Total raised $138M across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
IPO
Date
October 20, 2021
Amount
$28M
Valuation
$0.48B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| October 20, 2021 | IPO | $28M | $0.48B | N/A |
| March 23, 2015 | Series C | $80M | $1B | Premji Invest |
| December 18, 2013 | Series B | $23M | — | Andreessen Horowitz |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Series C
$1B
Mar 2015
Cyngn today
$0.5B
Oct 2021 · latest mark
Cyngn multiple
0.5x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Lior Tal
Chief Executive Officer & Chairman
Steve Kondik
CTO & Co-founder
Don Alvarez
Chief Financial Officer
Ben Landen
VP of Business Development
Sean Stetson
VP of Engineering
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Seegrid
Autonomous mobile robots (AMRs) for warehouse and manufacturing material handling
Locus Robotics
AMRs for warehouse and logistics operations with AI-powered optimization
Vecna Robotics
Autonomous mobile robots for material handling and warehouse automation
MiR (Mobile Industrial Robots)
Collaborative autonomous mobile robots for factory and warehouse operations
OTTO Motors
Autonomous vehicles for material handling and logistics automation
6 River Systems
AI-powered autonomous mobile robots for warehouse and fulfillment automation
Yes, Cyngn is publicly traded under the ticker symbol CYN on the NASDAQ. The company went public in October 20, 2021.
Cyngn trades under the ticker symbol CYN on the NASDAQ. It began trading in October 20, 2021.
Cyngn (CYN on the NASDAQ) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker CYN to place an order.
Cyngn went public in October 20, 2021 via ipo, with an offering valuation of approximately $1B. Cyngn completed its IPO on NASDAQ under ticker CYN on October 20, 2021 at an implied valuation of $164.87M. The company priced 3.5M shares at $7.50 per share, raising approximately $26.3M in gross proceeds. As of May 2026, the stock trades at approximately $1.70 with a market cap of $21.77M.
Cyngn raised $138M across 4 disclosed funding rounds prior to its public listing.
Cyngn was founded by Steve Kondik in 2013.
Cyngn is headquartered in Menlo Park, CA, United States.
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