Cyngn Status
The company raised $80 million of Series C venture funding in a deal led by PremjiInvest on March 23, 2015, putting the pre-money valuation at $560 million. Twitter Ventures, Qualcomm Ventures, Telef?nica Ventures, Smartfren Telecom, Santander InnoVentures, Index Ventures (UK), Access Industries, Rupert Murdoch, Vivi Nevo, Benchmark Capital, Andreessen Horowitz, Redpoint Ventures, Foxconn Technology, Tencent Industry Win-Win Fund, Salesforce Ventures, and other undisclosed investors also participated in this round. The company will use the fresh cash to hire employees and amp up development of its mobile software.
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