The Epilog AI offering is now closed and is no longer accepting investments.

Epilog AI

TRANSFORMING HOW MACHINES SEE THE WORLD

Epilog AI

TRANSFORMING HOW MACHINES SEE THE WORLD

San Jose, CA
Technology
More than 80% of all human interactions depend on vision, things like driving a car or watching over any process. Epilog's breakthrough digital vision technology can competently manage any visual task, allowing people to focus on more important things instead. Epilog's unique Artificial Intelligence (AI) 8K technology has multiple patents granted and has an estimated 10 year lead over the competition. Currently we are accepting orders on two products in the automotive and transportation sectors planned for production later this year.

$1,069,999

raised
2,798
Investors
0
Days Left
$0.75
Price per Share
$9.2M
Valuation
Equity
Offering Type
$198.00
Min. Investment

$1,069,999

raised
2,798
Investors
0
Days Left
$0.75
Price per Share
$9.2M
Valuation
Equity
Offering Type
$198.00
Min. Investment
This offering ended on June 27, 2020 and is no longer accepting investments.

Bonus Rewards

Get rewarded for investing more into Epilog AI

$198+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
First Volume Tier
$500+ | Receive a free Exclusive Owners T-shirt
$1,000+
Investment
Second Volume Tier
$1,000+ | Above + VIP Epilog owner 50% off any purchase through 2025 (Limit 1 item)
$5,000+
Investment
Third Volume Tier
$5,000+ | Early access and one Sherpa and extra 10% bonus shares
$10,000+
Investment
Fourth Volume Tier
$10,000+ | Early access to one Sherpa and a free upgrade trade for 2 years and extra 10% bonus shares
$50,000+
Investment
Fifth Volume Tier
$50,000+ | Above + dinner with founding team in San Francisco
$100,000+
Investment
Sixth Volume Tier
$100,000+ | Above + optional Board Seat

Reasons to Invest

We believe Epilog has the most compelling AI vision solution on the market with demonstrated 10-20x better image quality than HD systems and 10x less cost than comparable 8K systems in significantly smaller and more power-efficient packaging.
We are preparing two products for production now, addressing multi-billion-dollar markets with an estimated 10 year lead over the competition
Our strong IP position includes 8 patents granted, software, optics and Jabil's robotic manufacturing flow already in place to scale production quickly

*Sources for data above located here: Source 1Source 2

“Artificial Human Vision Technology” 

Our Story


“Vision is The Art of Seeing What is Invisible to Others”

- Jonathan Swift

Human eyes are extraordinary in their ability to resolve small details - our vision exceeds an IMAX theater in quality. Vision systems commonly sold in commercial products today have about 2% of the acuity our eyes have. The economics of diminishing returns make building higher quality systems prohibitively more expensive.


Through extensive innovation, Epilog has developed a human-level AI vision system cost-effective for commercial use.  We call this “an IMAX in your pocket”, it has a cost-performance improvement of about 100x over ordinary systems.  It is also protected by 8 patents and made affordable with the advent of fast AI chips and a $100M precision robotic system that can assemble our product in minutes (Jabil)

The Problem


Current vision systems miss details

We live in a complex world and take for granted our seamless ability to process thousands of objects around us of all sizes and shapes in wide-open spaces like highways, parking lots, warehouses, etc.  Current vision systems are limited to large objects within restricted fields of view, for example, people in a corridor or cars nearby on the road ahead. Covering larger spaces or detecting smaller objects is far too expensive and complex using existing technology.

*This image is computer generated to provide an example of current machine vision systems detection capabilities.

The leading competing solution--patching dozens of ordinary cameras and mixing immature technologies --such as Lidar--  we believe results in systems that are too costly, bulky, complex and unreliable for mass markets.

The Solution


Disruptive AI tech is poised to solve real-world problems 

Over the past five years, Epilog has developed and is now selling a disruptive new vision technology specifically designed to recognize intricate details in large spaces like roads, parking lots, airports, train stations, etc.  We believe our products have 100x better cost-performance than anything else on the market today and we have 8 patents on the technology. The breakthrough cost savings come from Epilog unique sensor technology, leveraging billions in industry investments to accelerate AI and a partnership with Jabil to mass-produce the product using a $100M precision optical robotic manufacturing process.  We are now in a position to offer an industrial-grade vision device cost-effective for commercial use.

In 2017, Epilog completed the world’s first 12K AI camera prototype - the same quality as an IMAX theater. We rapidly transitioned this technology to two closely related products that serve massive emerging markets. The first product retrofits standard camera installations with our 8K AI vision to help manage the flow of vehicles and pedestrians at transportation hubs, parking lots and other similar large spaces. The second product is a driver assistance system that can be added into millions of existing cars to make them self-driving.

The Market


Epilog has scalable products for two massive markets

  • The immediate market for Epilog technology is driver assistance and retrofitting ~50 million cars on the road today, as well as those designed for 2023 and later (source).

  • The second market is traffic queue management in large spaces like airports, terminals, industrial and government buildings; tens of millions of currently installed cameras are in need of retrofitting and other sites require new cameras (source)

  • Installation of Epilog technology is effortless, as the quality and simplicity of our design reduce cost and effort by 10 times or more (source).

source: marketwatch.com

Our Traction


Collaboration with major players and products that work!

We already have a number of patents and more pending and we have created a production-ready model in partnership with one of the world’s largest contract manufacturers Jabil Optics and in collaboration with several large OEM automotive manufacturers.   With 8 patents approved and 1 more pending we are looking to bring our proprietary, Affordable tech to even more industries.

What We Do


World’s first commercial 8K vision system 

We believe Epilog has created the best and lowest cost high-resolution artificial intelligence vision technology available in the world. Building off of years of trailblazing research and innovation, Epilog has developed two distinct products:

Luma | The world’s first low-cost production 8K AI Camera


Using DSLR-quality optics to cover huge areas with great precision and onboard AI, Luma is ready to change the game.  The production version of Luma will compete favorably on price with the competition (approximately $10K-$50K price range) and include built-in AI processing with the image quality to replace as many as ten standard cameras.  Reducing camera count improves aesthetics, reduces maintenance costs and of course the overall system performance.

Sherpa | Bringing drive automation to existing cars


We also developed Sherpa, offering 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, serving as a driver-assisting device. We are accepting Sherpa reservations at $995 (pricing subject to change), which is substantially cheaper than buying a self-driving car (approximately $50K-$100K) or the estimated $3K-$5K option price (e.g. in Tesla Models).

The Business Model


Two products bringing the future to you affordably

Epilog is accepting reservations on the entry level Sherpa at $995 (pricing subject to change).  The Luma evaluation system is available for purchase now at $4,995 with production versions planned at $2,495 (for the full AI version) and $995 (for an entry level AI device), all pricing may be subject to change. We have lead customers engaged in the transportation sector (airports, train stations, metro areas) to deploy Luma in queue management trials.  Epilog’s fast-to-market entry strategy will initially offer direct-to-customer sales over online channels while distribution channels are being setup. An optional online subscription packages (estimated $5 per stream) will offer customers more features and insight into their device.

We believe we will make ~60% gross margin on full-price hardware and a ~50% margin on subscription offerings. Epilog will recruit a base of installers who will offer a bundled product and installation service. Our production partner Jabil is capable of manufacturing up to an estimated 15,000 units a day and will support OEM partnerships.

How We Are Different


Leaving our competitors in the (over-priced) dust

Epilog estimates a 10 year lead on the competition. With 8 patents granted and a dozen more pending, our technology is far more advanced than that of our competitors, and our prices are a fraction of those of other companies. No other company comes close to truly comparing in either the fixed or mobile markets.

The main competitor currently offering a professional-grade 8K camera is Red.com at the $25K-$75K price point, AI not included.  Consumer 8K cameras from Sony, Panasonic, etc. are some years off and will not be automotive/industrial grade.  Other after-market solutions for self-driving are HD quality (6% of Epilog resolution) and unreliable. Traffic monitoring cameras with 8K resolution  cost $10K or more based on old Digital Still Camera (DSC) technology and no built-in AI capability.


The Vision


Be the brand leader in fixed and mobile AI Cameras

Having the head start in AI high-definition cameras that we do, we plan to become the leading company in both fixed and mobile 8K AI cameras. Research and innovation has driven our company to this point, and we will continue to grow as a team and a brand as we lead the industry forward.

*This video contains interviews with Scott Nisbet who is an independent consultant for Epilog Imaging Systems, Inc.

We will lead the market in two main areas: automotive and queue management. We expect the bulk of our cash-flow to come from these areas, and will be supplemented by revenue from our software services. 

Our Team


We bring expertise from elite universities and leading companies

The Epilog team has extensive experience delivering and supporting millions of units of devices and software to business and consumers. Our management has experience leading startups from garage operations to successful exits, including one public offering. Our team has formal scientific training in Physics and computer vision working at prestigious institutions like CalTech, Cornell University and CERN. Our executive team includes a Silicon Valley veteran trained by Steve Jobs and the former director of Intel Capital.

Why Invest


Production-ready product, a fair price and billions of market space

Epilog has world premier technology for high-resolution AI cameras (8K+) with an estimated decade technology lead over the competition, 8 patents granted to date and more pending. We have fully developed two major AI products ready for production-- each addressing immediate Billion-dollar markets. We are poised to dominate the market for both automobile and big-spaces high-resolution AI cameras, and we are led by some of the most brilliant minds in the AI camera world.

In the Press

Write the Title of the Article HereJabil Partners with Epilog to Bring Game Changing Innovation to Autonomous Vehicles — Jabil ​
May 1, 2018

Epilog Imaging Systems, Inc. is poised to revolutionize autonomous vision with advanced 8K panoramic capabilities. The San Jose, Ca., based startup’s breakthrough technology, called Quantum Definition, is a patented imaging system that fuses multiple image sensors into one virtual unit.

At CES, Jabil shows off advanced driving tech that could ‘put an IMAX in your pocket’ — Catalyst
January 9, 2019

At CES, Jabil shows off advanced driving tech that could ‘put an IMAX in your pocket’

Offering Summary


Company

:

Epilog Imaging Systems, Inc.

Corporate Address

:

75 E. Santa Clara Street, Suite 600, San Jose, CA 95003

Offering Minimum

:

$9,999.75

Offering Maximum

:

$1,069,998.75

Minimum Investment Amount

(per investor)

:

$198.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

13,333

Maximum Number of Shares Offered

:

1,426,665

Price per Share

:

$0.75

Pre-Money Valuation

:

$9,195,684.75











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Perks* and Investment Bonus

Early Bird

First week get 10% bonus shares

Second week get 5% bonus shares

Volume

$500+ | Receive a free Exclusive Owners T-shirt

$1,000+ | VIP Epilog owner 50% off any purchase through 2025 (Limit 1 item)

$5,000+ | Early access free Sherpa and extra 10% bonus shares

$10,000+ | Early access Free Sherpa and free upgrade trade for 2 years and extra 10% bonus shares

$50,000+ | above + dinner with founding team in San Francisco

$100,000+ | above + optional board seat

* Expected date of delivery on Sherpa will be within one year of a $500K+ raise

The 10% Bonus for StartEngine Shareholders

Epilog Imaging Systems, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $0.75 / share, you will receive 110 Common Stock, meaning you'll own 110 shares for $75.00. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$365,272.00 USD
$323,634.00 USD
Cash And Cash Equivalents
$30,704.00 USD
$528.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$521,528.00 USD
$419,974.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$9,990.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$59,916.00 USD
-$61,073.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Conclusion of Reg CF campaign

1 day ago

Epilog’s Reg CF campaign has concluded at the maximum $1.07M oversubscribed. On behalf of everyone on our team, a HUMONGOUS THANKS for the incredible support from our shareholders, the amazing Startengine staff and the whole community!!! Startengine will maintain this page for updates, comments and questions, so you can continue to post and interact with us here. All our shareholders should have also received a welcome invitation to Epilog/s Facebook page.  

EBT system update

2 days ago

The development of our first Elevated Body Temperature (EBT) detection system is now complete and we are preparing a demo pool for the sales team. The system enters clinical testing, specialized AI training and customer trials in July. A lower-cost version of the device targeting price sensitive applications like restaurants and service organizations is being developed now.  A high-performance version is also being designed with 10x the range and coverage of any other product in the world. We are planning to file one or more patents to cover the innovations in these thermal imaging devices.  For more details please visit epilog.com/ebt

Notice of Funds Disbursement

22 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Epilog AI has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Epilog AI be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Last call, quickly approaching the $1M mark!

about 1 month ago

On behalf of the Epilog team I would like to express our gratitude for the amazing support we have received from the StartEngine community and the StartEngine team! As we approach the $1M mark I wanted to remind you that the maximum number of shares available under this offering is 1,426,665, for a total of $1.07M.  This will likely be the last ground-level opportunity to invest in Epilog.

Notice of Funds Disbursement

about 1 month ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Epilog AI has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Epilog AI be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Two significant milestones and approaching our max goal fast!

about 1 month ago

May 20, 2020

We are excited that Epilog’s campaign has crossed the significant $700K milestone with 200 new investors joining us last week alone!  Our team is most appreciative of the tremendous support we have been receiving from the StartEngine community. We are also on track with first shipments of the Elevated Body Temperature (EBT) detection product and initial revenues next month (sample unit shown below). Details on the technology and the product roadmap will be discussed in the “Epilog AI Elevated Body Temperature Detection” live webinar, now scheduled for May 27, 1:00 PM PDT. You can register for the webinar here: https://www.epilog.com/webinar 


All the Best, 

Michael Mojaver 

CEO, Epilog AI



New product release

about 2 months ago

Elevated Body Temperature (EBT) is a reliable indicator of a viral infection. Thermal cameras have long been used at airports, train terminals, businesses, concerts and other public areas as an effective tool to measure a person’s body temperature. With the outbreak of the COVID-19 pandemic, the public is seeking tools to slow the spread of the virus and in response Epilog has created an industry-leading AI system to help identify individuals with EBT who should then be further screened with COVID-19 diagnostic tests.

The initial sample of the Epilog product is scheduled to ship to our partner/distributor GDS next week for demonstration to numerous hospitals, retail stores, theme parks and other businesses anticipating this release. Epilog’s product has the advantages of advanced edge-based AI, fully self-contained, compact size and very high performance. Additionally, as the only fully US designed/made product in its class at the price point, Epilog helps eliminate the significant reliability and known network security risks of inferior Chinese made competitors. Assuming our supplier/partner DRS Technologies can meet our critical thermal sensor component demand, we are currently projecting revenues in excess of $10M for this product in 2020. High-resolution Thermal imaging is a cornerstone of Epilog’s vision technology portfolio and additional details will be discussed in our upcoming live webinar on this topic, 5/20/20, www.epilog.com/webinar.

Thermal image of the background hand shown for product scale (courtesy of DRS technologies.)

Annual report filing delay

2 months ago

Notice to our investors: We will be unable to meet our April 29, 2020, annual report filing requirements for securities sold pursuant to Regulation CF as a result of Covid 19 disruptions. As such, we intend to rely on the temporary relief being provided by the Securities and Exchange Commission. We will continue to use our best efforts to comply with our ongoing reporting obligations.

Notice of Material Change in Offering

2 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Epilog AI offering. Here's an excerpt describing the specifics of the change:


Epilog AI has updated their financials and extended their campaign end date.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

New contract

2 months ago

On April 16, 2020, Epilog entered a contract with a leading US sports and entertainment (NYSE traded) company to develop the highest resolution camera system in the world. With 64x the resolution of a normal TV, the new camera will be designed to exceed the image quality of an IMAX theater. The development is planned in two phases with a total initial budget of $350K-$500K. Following the successful proof of concept (expected this summer) a full prototype will be developed in anticipation of a multi-million dollar order.

The new camera is being developed to streamline the production of live and recorded content for high resolution displays. An example of this type of display can be found at the Atlanta Mercedes Benz Stadium. A single Epilog camera can fill the entire stadium screen, eliminating the cumbersome process of aligning, operating and editing video from a large cluster of individual cameras to achieve the same. This development accelerates our core mission of being the leading high resolution imaging company in the world and provides another opportunity for the general public to experience Epilog technology first hand. The details of the agreement are currently confidential, and we anticipate a formal press release in the summer time frame.


Notice of Funds Disbursement

3 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Epilog AI has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Epilog AI be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Epilog AI Covid-19 Advisory Statement

4 months ago

Overall, management see minimal impact from the Covid-19 virus on Epilog business in 2020 and some foreseeable upsides.


Most people are aware that the San Francisco Bay Area is under a shelter-in-place advisory.

Our team members are in compliance and had previously taken all precautions to stay healthy.

The bulk of our activities this year involve engineering, simulation and software that will not be impacted.

We anticipate minimal impacts from the turmoil in the stock market to our business activities as well.

Epilog’s shares are not trading. Also, we are not exposed to accounts payable risk from a large customer base.

We don’t have supplier concerns. Jabil’s factories in China have already resumed full capacity.


Having navigated the 2008 storm at the helm of a public company, my view is that Epilog is in a favorable position.

We fully anticipated an auto industry recession in 2020 with the significant downturn in Germany last year.

Sherpa was specifically developed to rely on existing and future cars (MY23+) instead of ongoing car sales.


We might also see a boost in our secondary (queue management) business with more government spending this year.

You can see below an AI thermal camera concept we are considering jointly developing with one of our partners.

This unique 8K AI device would install in hours and be able to instantly flag persons with raised body temperatures in a crowd.




Just crossed $150k and early bird bonus ending soon!

4 months ago

We are super excited to report that the Epilog campaign just crossed the $150k mark!  Our campaign has had great momentum since the beginning thanks to the tremendous support from the Startengine community.  If you know someone who has not invested in Epilog yet this is an urgent reminder that our early bird bonus opportunity is coming to an end shortley!

Also I am pleased to announce our webinar series starting next week that will be addressing a number of exciting topics in self-driving technology and artificial intelligence.

Our first webinar is titled “Self-driving technology, social impact and business opportunities”. 

This webinar will discuss key components of how self-driving cars work, when the technology can be expected to go mainstream and where it will likely make the most impact around the world first. We will also discuss the business opportunities self-driving technology will create and Epilog's role in it.

Please visit  our webinar  page to register today.






A thank you note to our investors

4 months ago

March 6, 2020

Dear Investor,

Thanks to your enthusiasm and support, Epilog’s crowdfunding campaign rocketed past the $100K mark in under one week.  We are now one of the fastest trending companies on the Startengine platform.  On behalf of everyone at Epilog, we thank you for making this possible.

I will be updating you again at our next major milestone of $250K which will trigger our production process. If you have any questions, don't hesitate to comment on our campaign page. 

Best,

Michael Mojaver

CEO, Epilog AI

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