Epilog

Epilog

Human quality AI-based vision system for autonomous cars

Print
Security Type
Crowd Note
Categories
Other
Min Investment
$1,000
Location
San Jose, CA
Offering Date
October 22, 2019
Expected Close Date
January 20, 2020
Target Raise
$600.00K-$1.50M
Deal Notes

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)

Company Description

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.

Perks

Free Sherpa
Epilog t-shirt

Key Deal Facts

Established partnership with Jabil, one of the largest product manufacturers in the world and #140 in the Fortune 500
CEO Michael Mojaver is a former CERN particle physicist with experience leading tech companies that have successfully exited and traded on a public listing
The Company has a portfolio of 8 granted patents and several patents pending, protecting its unique image sensing technology
Advisors include Rony Greenberg, the former Director of Strategic Investment for Intel, and Alvin Wong, the former Director of Autonomous Vehicles at Sony

Use of Proceeds

Product Development, Marketing, Testing, General & Admin

Management Team / Advisory Board Bios

Michael Mojaver
CEO
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 Mojaver
CTO
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.

Deal Notes

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)

Amount Raised : $645,587
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments