Cyngn Inc. (CYN)
Cyngn Inc. operates in the Software - Application industry of the Technology sector, headquartered in Mountain View, CA, US. The stock last traded at $1.22, down 3.17% on the session, giving a market capitalisation of $16.6M. On trailing twelve-month figures it carries a trailing P/E of -0.23, a net margin of -9422.8%. Its beta of 0.07 implies it has historically moved less than the broad market.
Cyngn Inc. is a technology company specializing in autonomous vehicles (AVs), dedicated to creating advanced self-driving software solutions. Its primary offering, the Enterprise Autonomy Suite, is currently in development and consists of three main elements. First, DriveMod is a modular software designed to provide autonomous driving capabilities for industrial vehicles. Second, Cyngn Insight serves as a customer-facing platform, enabling users to oversee and manage their AV fleets while also aggregating and analyzing performance data. Lastly, Cyngn Evolve provides the internal tools and infrastructure essential for refining algorithms and models through artificial intelligence and machine learning training, alongside a comprehensive simulation framework that uses real-world data to validate new software releases. The company was founded in 2013 and operates from its headquarters in Menlo Park, California.
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