MENLO PARK, Calif., January 29, 2024 – Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, announced the issuance of a new patent, US-11,851,074-B2, for the Company’s autonomous vehicle (AV) and driving solutions. This new patent, titled “System and Methods of Large-Scale Autonomous Driving Validation,” offers expanded safety features. This describes a system that uses machine learning algorithms to control the movement of an autonomous vehicle. It focuses on identifying problems arising from AV driving operations and generating a notification message regarding the problem.
“I am pleased with the remarkable progress and pace of innovation our technology team has achieved. This latest patent expands our total number of U.S. patents to 19,” said Cyngn’s Chairman and Chief Executive Officer, Lior Tal. “Prior to 2023, we were granted 3 U.S. patents. In the first half of 2023, the U.S. granted 7 patents, while the second half of the previous year saw the securing of 9 additional patents. Currently, we have an additional 6 U.S. patents submitted. We also have 20 international patents submitted, which we anticipate to be granted in the coming years.”
Cyngn aims to provide its customers with advanced automation via its DriveMod autonomous vehicle solutions. These solutions leverage state-of-the-art sensors and AI to produce humanlike driving capabilities across multiple vehicle types. Importantly, achieving this does not require site infrastructure overhauls.
This additional patent comes on the heels of the Company’s announcement of the procurement of patent 18, which protects Cyngn’s novel adaptive traffic rule-based decision making for autonomous driving.
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