Human quality AI-based vision system for autonomous carsDriving is stressful, tedious, and dangerous. Each year traffic accidents due to distracted, drunk, or asleep drivers cause ~$836B of economic damage to the US. There is a massive market opportunity where autonomous driving can be added to millions of existing vehicles, reducing the amount and severity of traffic accidents.Epilog has developed cutting-edge AI and optical capabilities in a small, windshield-mounted device that taps into your car's computer in order to take control of gas, steering, and brake. We call this device Sherpa, after the famous guides of the Himalayan mountains. Sherpa never gets tired or distracted, and acts as a copilot on your daily drives. [Read More]
A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders.
October 22, 2019
January 20, 2020
Product Development, Marketing, Testing, General & Admin
Michael has a track record of starting and managing technology companies with successively higher valuations and exits. He has raised over $20M in investment to date and took his last company public, reaching a market cap of over $300M.He has authored nine patents and co-authored numerous scientific publications. His early research was in super-computing, vision-based systems for the detection of dark matter and exotic particles at UC San Diego, Cornell, Stanford, Fermi Lab, and CERN (Geneva).
Lance is an expert in super-resolution computational imaging processes and computer vision. He has designed multiple production cameras and has deployed software used in cameras monitoring schools, airports and military bases. Lance recently managed the design of the world's first AI-powered single-lens multi-sensor video camera.
Round type: Seed Round size: US $1,500,000 Minimum investment: US $1,000 Target Minimum: US $600,000 Security Type: Crowd Note Conversion discount: 20.0% Valuation Cap: US $10,000,000 Interest rate: 5.0% Note term: 24 months Closing conditions: While Epilog has set an overall target minimum of US $600,000 for the round, Epilog must raise at least US $25,000 of that amount through the Regulation CF portion of their raise before being able to conduct a close on any investments below $20,000. For further information please refer to Epilog's Form C. Regulation CF cap: While Epilog is offering up to US $1,500,000 worth of securities in its Seed, only up to US $1,070,000 of that amount may be raised through Regulation CF. Transfer restrictions: Securities issued through Regulation CF have a one year restriction on transfer from the date of purchase (except to certain qualified parties as specified under Section 4(a)(6) of the Securities Act of 1933), after which they become freely transferable. While securities issued through Regulation D are similarly considered "restricted securities" and investors must hold their securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. Raised to date: US $133,000 US $8,000 (under Reg CF only)
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