Cyngn ($CYN)
Introduction
I've been hearing a lot about electric vehicles (EVs) in the market, and came across the term “autonomous vehicle” (AV). I wanted to know more about AVs, and did some research to learn that Cyngn is a company that develops driving software to be used in autonomous vehicles. I decided to write my thoughts on Cyngn, as I believe that the company has a lot of potential in the AV market.
Who They Are
Cyngn's driving software is based on artificial intelligence (AI), and the company is constantly improving and updating its software to make it more reliable and effective. I think that Cyngn's AV software has a lot of promise, and could potentially revolutionize the transportation industry. Cyngn is still a relatively new company, but I believe that it has a lot of potential to grow and become a major player in the AV.
Drive-Mod
DrvieMod is an autonomous driving solution that integrates with off-the-shelf sensing and computing hardware to enable industrial vehicles to perceive the world, make decisions, and take action. DrvieMod is a scalable and customizable solution that can be tailored to the specific needs of any customer. DrvieMod is an end-to-end solution that includes everything from the software and algorithms needed to make decisions, to the hardware and sensors needed to perceive the world.
Management Team
Lior Tal – CEO – Previously: Director of international growth and partnerships at Facebook, co-founder and VP of business development at Snaptu (acquired by Facebook), partner at Barzam, Tal, Lerer Attorneys at Law and Patent Attorneys.
Donald Alvarez – CFO – Previously: VP of Finance of the International Council of Shopping Centers, VP of Finance of QuVa Pharma, Inc., National managing partner, COO and CFO of Tatum, a Randstad Company.
Macro Trends
As the world moves towards electric vehicles, it is only logical that other industries will begin to follow suit. We are already seeing a shift in the transportation industry, with the rise of electric cargo and transport vehicles. These products are still gas operated for the time being, but there is nothing stopping them from becoming autonomous vehicles in the future. As the EV market continues to grow, we can expect to see more and more of these types of AV vehicles across the board.
Final Thoughts
The development of autonomous vehicles parallels the development of electric vehicles in many ways. Both types of vehicles are seen as a way to reduce emissions and increase efficiency. Many large companies are already investing in autonomous vehicles, and Cyngn is one of the leaders in this field. If you are interested in the future of transportation, investing in autonomous vehicles is a great way to be a part of it.
Disclaimer: This is not financial advice, always do your due diligence.
Leave a Reply