The Jetson offering is now closed and is no longer accepting investments.

Jetson

Intelligent Voice Commerce

Jetson

Intelligent Voice Commerce

New York, NY
Technology
Diversity Ownership
Jetson is an online marketplace that works with voice-activated assistants, such as Alexa, Siri, and Google Home, to facilitate online shopping and enable brands of all sizes to sell their products/services through conversational interfaces.

$408,597

raised
604
Investors
$20M
Valuation Cap
1.0%
Annual Interest Rate
$250.00
Min. Investment
20.0%
Discount Rate
Conv. Note
Offering Type
02/01/23
Maturity Date
0
Days Left

$408,597

raised
604
Investors
$20M
Valuation Cap
1.0%
Annual Interest Rate
$250.00
Min. Investment
20.0%
Discount Rate
Conv. Note
Offering Type
02/01/23
Maturity Date
0
Days Left
This offering ended on October 01, 2021 and is no longer accepting investments.

Reasons to Invest

Global digital commerce sales are expected to near $6 trillion by 2022 and the voice commerce market is predicted to reach over $80 billion per year 2023.
Jetson has previously raised ~$2.8 million from investors and signed partnerships with Postmates, Shopify, Amazon Pay, Chowly, Delivery.com, Nexmo (the Vonage API platform), and Square.
As of November 2020, our voice-first marketplace has 13,150+ merchants, up from 138 in October 2019, as well as 1.46 million+ products.





Overview


Voice as the new interface for online shopping 

The idea for Jetson originated when founder, Peter Peng, attempted to use Alexa to order some toothpaste online. Alexa was only able to give a “single shot” recommendation for a toothpaste Peng had never heard of, and was unable to ask for specifications such as brand, size or quantity (things you’d be able to modify in an eCommerce search engine).

After struggling to find an easy and affordable pre-built solution to this problem, Peng set out to build Jetson: a “voice-first” marketplace that enables brands of any size to easily start selling their products and services through conversational interfaces.


The Problem


Popular voice-activated AI assistants fall short when it comes to online shopping

Have you ever tried to order something using Alexa, Siri, Google Home, or any other voice assistant? The ordering experience is either non-existent or very limited, providing only “single shot” recommendations to the user.

There are virtually no simple and affordable options when it comes to finding an intelligent AI system that can perform multi-step functions to assist with online shopping.

The Solution


An easy and affordable self-service platform for voice-activated online shopping

Jetson is a self-service platform that enables businesses to quickly and inexpensively start selling their products via voice interface. Our patent-pending NLU (natural language understanding) technology brings the voice ordering experience to life, facilitating intelligent “multi-step” conversations that allow users to explore a menu or catalog, customize products, and easily make purchases.

Our developer friendly API allows Jetson to be integrated into users’ existing voice-first application, such as Alexa, Siri, or Google Home, as well as into any back office system.



The Market


Global digital commerce sales are reaching the trillions

In 2019, consumers spent $601.75 billion online through U.S. merchants, (representing 14.9% YOY growth). E-commerce also made up 16% of total 2019 retail sales, (up from 14.4% in 2018 and 13.2% in 2017) (Source).

SourceSource, Source

Source

The COVID-19 pandemic has also amplified this growth. In May of 2020, consumers’ online spending grew by 77% YOY, and global digital commerce sales are expected to near $6 trillion by 2022 (Source).  

Juniper Research projected that the voice commerce market will reach over $80 billion per year by 2023. The number of smart speakers in U.S. households reached 157 million in December 2019, a rapid 135% growth in two years (Source).

*The above chart provides insights into the communication software sector and its trends over recent years. 

Our Traction


Partnerships and joint ventures with major industry players

We have signed partnerships with Postmates, Shopify, Amazon Pay, Chowly, Delivery.com, Nexmo  (the Vonage API platform), and Square. We have a joint venture with Think Acquisition, a government technology acquisition firm founded by former director of an organization within the U.S. Department of Homeland Security. We’ve also signed an LOI with TSD Global/Order Solutions, to power phone ordering using voice AI for their large franchise restaurant partners.

Jetson has previously raised ~$2.8 million from crowd investors, a corporate investor, and angel investors. As of November 2020, the voice-first marketplace has over 13,150 merchants – up from 138 in October 2019 – and more than 1.46 million products.

What We Do


A simple and user-friendly voice-powered ecommerce interface

Customers can begin using Jetson by simply creating an account, inputting their information such as payment and delivery address, and then telling their smart speaker that they would like to place an order. The Jetson system is able to answer product-related questions and make recommendations, as the customer is ordering. At the end, the customer is asked to confirm their order, before it is finalized and shipped out.  


Features of Jetson include: 

•    Dialogue customization

•    Upload of menu items or products

•    Integration of merchant payment providers

•    Customer insight and analytics

•    Dedicated support

•    Processing of all major credit cards




Jetson offers companies full end-to-end integration, hybrid integration, or micro service API and reference designs enabling companies to develop their own systems with Jetson technology. Our ‘Enterprise’ offering also provides companies with API access, kiosk and IoT integration, and the ability to integrate with enterprise resource planning (ERP), point-of-sale (POS), and property management systems.

The Business Model


Multiple offerings with high profit margins

We are currently  focused on selling our technology to small and medium-sized businesses, in partnership with various go-to-market companies. We distribute our technology online, through our direct sales force, and a variety of indirect distribution channels such as value-added resellers and partners. Our average order value is $87.38, while our COGS is $87.58. We have about a 98% gross profit margin. 


Please refer to Exhibit B of our Offering Memorandum which contains further financial information on Jetson. You will find our audited financial statements for the periods ending on December 31, 2018 and December 31, 2019. In addition, you will find our 2020 balance sheet but please note these numbers are subject to change as they have yet to be reviewed or audited by an independent accountant. 

How We Are Different


A simple, affordable, and streamlined voice-activated ecommerce experience

Jetson’s competitors offer voice commerce solutions, but primarily focus on the agency model which requires building custom voice applications for each brand. This approach is much slower and more costly than ours. Jetson’s platform, on the other hand, has the ability to onboard thousands of merchants without sacrificing the quality of the ordering experience, giving Jetson a first-to-market advantage in the voice commerce space.

Like Shopify, Jetson’s platform allows for seamless merchant onboarding at scale. Our approach is predicated on lowering the barrier to entry for voice, with turnkey setup in minutes, and a low price of only $49/month.

The Vision


Voice as the new interface

We believe that Jetson will one day become the world’s next transformational tech company. Our goal is to proliferate the use of AI technology to the masses by adding true utility to the voice assistants and chatbots of today, starting with conversational commerce. Our mission is to create a better tomorrow by helping transition the world from an age of information, to the age of automation where voice becomes the new interface.

Over the next 3 years we aim to onboard over 1 million end users and integrate over 100 top US brands onto Jetson’s marketplace. Our next phase plans include taking Jetson into automotive, banking, media, and telecom industries. Once Jetson has significant traction within the US market, we also aim to expand into new geographies such as Europe and Latin America.

OUR LEADERSHIP


We believe our technology has the ability to change the world

Our diverse team has brought people together from all over the world, to create technology so valuable that it will benefit generations to come. Founder and CEO, Peter Peng, is a domain expert in emerging technology and is considered a thought leader in the voice commerce space, while our advisory board is made up of experienced executives with deep knowledge of the industry.

We believe that the Jetson team will be successful through the institution of best practices in our design and engineering methodologies. We focus on helping our employees gain the soft skills needed to work with one other effectively. The company culture we have created will allow us to scale tremendously as we start to retain more end users, enterprise customers, and raise additional capital to grow the company.

Why Invest


Investing in Jetson means investing in the future potential of AI

We believe that Jetson is not only a first mover in the voice commerce space, but is also poised to become a first-scaler, showing all the signs of early traction to become the next transformational technology company. From defensive IP and early revenue, to enterprise partnerships with companies like Postmates, Shopify, Amazon Pay, and Square, the Jetson team understands what it takes to create a market and has successfully crossed the chasm of voice commerce, as a pioneer in the space.

Businesses today are racing to voice commerce, as they search for contactless solutions for their customers (post COVID19), as well as new sales channels to engage customers and build their brand. These two forces combined are a catalyst for the once nascent voice commerce market to finally hit it’s inflexion point. The time is now to invest in Jetson AI and change the world one voice at a time.

Quick Insert

Offering Summary


Company

:

Jetson AI Inc.

Corporate Address

:

251 W 30th Street, Suite 507, New York, NY 10001

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Convertible Promissory Notes

Type of Equity Converted Into

:

Common Stock

Conversion Trigger

:

$1,000,000.00

Maturity Date

:

February 01, 2023

Valuation Cap

:

$20,000,000.00

Discount Rate

:

20.0%

Annual Interest Rate

:

1.0%
















What is a Convertible Note?

A convertible note offers you the right to receive Common Stock in Jetson AI Inc.. The amount of Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $1,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $20,000,000.00  Valuation Cap or if less, then you will receive a 20.0% discount on the price the new investors are paying.  You also receive 1.0% interest per year added to your investment.  When the maturity date is reached, if the note has not converted then you are entitled to receive Common Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).



COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days.

Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated from May 4, 2020 to February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

Investments Incentives and Bonuses*

Early Bird

Friends and Family - First 72 hours | 15% bonus interest

Super Early Bird - Next 72 hours | 10% bonus interest

Early Bird Bonus - Next 7 days | 5% bonus interest

Volume

Tier 1 perk - ($500 + Jetson T-shirt with Logo printed on it)

Tier 2 perk - ($1000 + Jetson Hat (Cap Style) with Embroidered Logo)

Tier 3 perk - ($5,000+ FREE Jetson Seller account for life (value of $49/month))

Tier 4 perk - ($10,000+ 30 minute “Ask Me Anything” Zoom Session with CEO Peter Peng + 5% bonus interest)

Tier 5 perk - ($25,000+ 10% bonus interest)

Tier 6 perk - ($50,000+ 15% bonus interest)

*All perks occur when the offering is completed.

The 10% Bonus for StartEngine Shareholders

Jetson AI, Inc. will offer 10% additional bonus interest for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 1.1%.

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. Inter company debt or back payments.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$112,541.00 USD
$681,450.00 USD
Cash And Cash Equivalents
$0.00 USD
$649,763.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$196,883.00 USD
$123,088.00 USD
Long Term Debt
$1,872,411.00 USD
$1,320,000.00 USD
Revenues And Sales
$5,438.00 USD
$1,435.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$1,313,357.00 USD
-$1,335,902.00 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

Jetson Coin - Early Access for StartEngine Investors

22 days ago


Covid19’s Global Impact is Increasing Pressure for Automation

Financial experts are predicting that the global cost of the coronavirus pandemic is likely to exceed $4 trillion, and the financial pressure to automate will become astronomical.

Couple this with new preventative health measures where factory and service workers become more distanced and we start to see an even greater case where a fully automated future becomes mission critical.



Rise of the AI Economy 

“McKinsey estimates that AI may deliver an additional economic output of around US$13 trillion by 2030. This will mainly come from substitution of labour by automation and increased innovation in products and services.”


45%  of current paid activities can be automated by today’s technology

72%  of decision makers say AI will enable humans to focus on more meaningful work


Driving Forces

Physical & Digital Worlds Rapidly Converging Creates Automation

This phenomena has sparked an evolution in technology where AI can now provide cognitive capabilities to our connected world. IoT devices, sensors, VR / AR, voice assistants, self-driving cars and robotics are quickly giving rise to the automation age and the metaverse used to govern it.


Moores Law

the principle of exponential growth, describing the doubling of the number of components in an integrated circuit approximately every two years.

Metcalfe’s Law

the principle that the value of a network is proportional to the square of the number of connected users: the more users there are in a system, the more value an individual perceives


Voice the AI Interface

Voice is a convenient, natural, and safe way for people to interact with the autonomous world. Keyboards and touchscreens are being rapidly replaced by speakers and microphones as IoT devices, VR Headsets, gaming consoles, self-driving cars and robotics have become factory equipped with voice assistants. 



Voice and the Metaverse

Speech recognition technologies are fueling the evolution of AI’s intelligence by enabling greater capture of data points for machine learning (i.e. sentiment analysis and voice ID biometrics). As voice continues to transcend autonomous technology, the capture of this transactional “metadata” causes the metaverse to grow exponentially in size, intelligence and value.



Cryptocurrency for the AI Economy

AI Data is the “Store of Value”

Data captured through autonomous commerce drives exponential growth in value over time

Proliferate Microtransactions

Seamless Human-to-Machine and Machine-to-Machine payments infrastructure for the autonomous world

Interoperable with other Cryptocurrencies

Supports atomic swap technology for faster cross-chain trading between other popular coins (Bitcoin, Ethereum, Dogecoin, etc…)



Invest Today and Gain Early Access to Jetson's Coin

The cryptocurrency community is in need of a smarter coin, invest in Jetson today on StartEngine and become part of the solution toward a brighter future. https://www.startengine.com/jetson



Meet the Team

about 1 month ago

Meet the Jetson Team


Our team is changing the world, one voice at a time. Founder and CEO Peter Peng has 12 years of experience leading companies in both software and hardware. Peter has a passion for crafting new user experiences surrounding emerging technologies. In 2014, Peter was one of the first in the world to lock and unlock a smart lock with Google Glass using voice and visual interfaces. His passion for the commercialization of AI through voice is what lead to the creation of Jetson. Want to learn more about the team behind the mission? Get to know our experts here, and invest in Jetson while your'e at it. https://www.startengine.com/jetson

Last 30 Days Left to Invest in Jetson!

about 2 months ago


Last 30 Days Left to Invest in Jetson!

As we near the end of our equity crowdfunding offering, we wanted to offer a huge thank you to all our investors and followers! We’re fortunate and honored to have been joined by over 580 investors during this campaign so far. We'll be announcing some really great updates in these next 30 days (ie. Jetson Coin) so don't miss your chance by investing today on https://www.startengine.com/jetson.

Top Reasons to Invest in Jetson Today!

about 2 months ago


Top Reasons to Invest in Jetson Today!

When it comes to Jetson, there's a lot to invest in. In fact, global digital commerce sales are expected to near $6 trillion by 2022, and the voice commerce market is predicted to reach over $80 billion per year 2023. Not to mention, Jetson has previously raised approximately $2.8 million from investors and signed partnerships with Postmates, Shopify, Amazon Pay, Chowly, Delivery.com, Nexmo, and Square. Lastly, as of November 2020, our voice-first marketplace has 13,150+ merchants, up from 138 in October 2019, as well as 1.46 million+ products. Care to see where we go and grow from here? Invest in Jetson today. https://www.startengine.com/jetson

"The Way We Shop Is Changing"

about 2 months ago


"The Way We Shop Is Changing"

"Not only are more people ordering online than ever before, but they're using their voice assistance to do it," says CEO Peter Peng. He believes investors can be part of the next mega trend for e-commerce. Want to learn more and get in on the action? Invest in Jetson today and become part of this success story. https://www.startengine.com/jetson

Reconfirm Your Investment in Jetson!

2 months ago

To our investors,


We have just extended our campaign! Make sure to reconfirm your investment if you have received an email from StartEngine to do so.

If your investment has been finalized, you do not need to reconfirm. However, if you have received an email to reconfirm and there is a Reconfirm Investment button on your dashboard, please reconfirm to stay a part of our campaign! To view your investment status follow this link https://www.startengine.com/dashboard/investments/all

Thank you!
Peter

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 Jetson offering. Here's an excerpt describing the specifics of the change:


Jetson is extending their campaign and updating debt and use of proceeds.


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.

Notice of Material Change in Offering

3 months ago

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

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


Issuer is extending their campaign.


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.

Jetson Goes on National TV!

6 months ago

Have You Seen Our TV Commercial Yet?


We've just started airing Jetson TV commercials nationwide (CNN, FOX, etc.) to help spread the word about voice commerce and spark the voice-first revolution.






Notice of Funds Disbursement

6 months ago

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

Hello!

As you might know, Jetson 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 Jetson 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

Let's celebrate! We just broke $350k.

6 months ago

We just broke $350k in investments and the momentum keeps growing! 

If you haven't already, invest today and become part of what could be the world's next transformational technology company.


Notice of Material Change in Offering

6 months ago

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

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


Jetson has extended their campaign and added full 2020 financials


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.

Notice of Funds Disbursement

7 months ago

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

Hello!

As you might know, Jetson 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 Jetson 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

Jetson's CEO Casted to be a Reality TV Star on the Hit Series "The Social Movement"

7 months ago

Jetson's Big Break!

Jetson's CEO Casted For Season 2 of Reality TV Series "The Social Movement"



If you could save the world in 4 days, would you?

We are thrilled to announce that our CEO, Peter Peng has been chosen to be a participant/partner in Season 2 of the innovative and forward-thinking TV show called 4 Days To Save The World – #4daystosavetheworld

He will be teamed up with visionaries to engineer financially viable solutions to solve these global social issues (and more): end cyberbullying, reinvent the education system, cure cancer, end poverty, end suicide, empower women.

His team will have 4 days to create a business plan and pitch it to investors and viewers to get our mission funded. Our ideas will help change the world by solving a social issue that impacts millions of people.

Impossible, you say? Just watch us come together to do the impossible! Let’s get ready to change the world!


Watch the Season 1 Trailer Here

Notice of Funds Disbursement

7 months ago

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

Hello!

As you might know, Jetson 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 Jetson 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

Notice of Funds Disbursement

7 months ago

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

Hello!

As you might know, Jetson 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 Jetson 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

WOW! We just broke $200k.

7 months ago

Congrats to all of our StartEngine investors!

We just broke $200k, let's keep the momentum going! 

Please share with our page with all of your friends and family and let's turn Jetson into the next Google.




**Alert** Our Hot New Jetson T-Shirts Just Dropped!

8 months ago

Check It Out!

Make sure you get your Tier 1 investment in so you can rock the coolest startup brand ( Jetson ) with style.





Notice of Funds Disbursement

8 months ago

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

Hello!

As you might know, Jetson 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 Jetson 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

Are you the lucky winner? See what Jetson's giving away!

8 months ago

Woohoo! Let's celebrate.



To celebrate our successful launch with StartEngine, we are giving away two Jetson swag boxes, so you can help us rock the brand. 

Could you be the lucky winner?

Click below to enter the giveaway and find out.

https://gleam.io/afX41/win-a-jetson-swag-box

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