IPO Update: Cyngn Targets $30 Million IPO


  • Cyngn has filed proposed terms for a $30 million IPO.
  • The firm is developing mobile robot automation software for industrial use cases.
  • CYN is still in development stage, has no revenue and the IPO is unusual for a company of its type.

Robotic Arm Taking A Cardboard Box In The Warehouse

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Quick Take

Cyngn (NASDAQ:CYN) has filed to raise $30 million from the sale of its common stock in an IPO, according to an amended registration statement.

The company is developing industrial mobile robot automation software.

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