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Cyngn raises $33M to expand autonomous vehicle tech, targeting the booming smart manufacturing market.
Cyngn Inc., a company focused on autonomous vehicle tech, has raised $33 million to expand production of its autonomous tuggers and forklifts.
The funding will help scale deployments, boost product innovation, and tap into the growing smart manufacturing market, expected to reach $985.5 billion by 2032, up from $223.6 billion.
Cyngn's AI-driven solutions aim to increase efficiency and address workforce challenges in industrial settings.
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Cyngn recauda $33M para expandir la tecnología de vehículos autónomos, apuntando al mercado de fabricación inteligente en auge.