PHUN

Phunware, Inc. (NASDAQ:PHUN) is a mobile application software company founded in 2009 and headquartered in Austin, Texas. The company went public in October 2016 and has undergone significant strategic transformation in recent years. Originally focused on custom mobile app development and hardware solutions, Phunware has pivoted to become a mobile-plus-AI solutions provider, developing a next-generation AI-driven Software-as-a-Service (SaaS) platform expected to launch in mid-2025. The company has substantially reduced its workforce from 81 to 27 employees as part of a comprehensive restructuring effort and currently maintains a debt-free balance sheet with substantial cash reserves.