Mycroft AI, Inc.

The Voice Assistant that Respects Privacy

Mycroft AI, Inc.

The Voice Assistant that Respects Privacy

Kansas City, MO
Technology
Female Founders
Mycroft has developed the only privacy-respecting fully integrated voice assistant platform that includes on-device software, servers, and a marketplace for 3rd party applications. We’ve proven that customers are willing to pay for privacy with our Mark II smart speaker and will spend the next year focused on getting 3rd parties to adopt and integrate our technology into a wide variety of devices and services. Because our business model relies on subscriptions for software updates and upgrades, we can directly benefit from every device using our platform, whether we made it or not.

$396,854

raised
$1,068,895
previously crowdfunded
258
Investors
$38M
Valuation
$1.70
Price per Share
$499.80
Min. Investment
Preferred
Shares Offered
Equity
Offering Type
$5M
Offering Max
Reg CF
Offering

$396,854

raised
$1,068,895
previously crowdfunded
258
Investors
$38M
Valuation
$1.70
Price per Share
$499.80
Min. Investment
Preferred
Shares Offered
Equity
Offering Type
$5M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Mycroft AI, Inc.:

$496+
Investment
Previous Backer Bonus
For any previous backers or investors in Mycroft AI, when you invest in this live offering you will receive an additional 3% bonus shares.
$500+
Investment
Tier 1- Open Source Enthusiast - $500+
Receive a printed copy of Mycroft and the Patent Trolls Book
$1,000+
Investment
Tier 2 - Privacy Ally - $1000+
Receive a printed copy of Mycroft and the Patent Trolls, plus Privacy devices
$5,000+
Investment
Tier 3 - Investment Leader - $5000+
Receive a printed copy of Mycroft and the Patent Trolls, plus Privacy devices and a Travel Bag
$7,000+
Investment
Tier 4 - Development Supporter - 7000+
Receive a printed copy of Mycroft and the Patent Trolls plus a Challenge Coin
$10,000+
Investment
Tier 5 - Inside Partner - $10,000+
Receive a printed copy of Mycroft and the Patent Trolls, Privacy devices, Travel Bag, Challenge Coin, Notebook, plus a call with Joshua and Michael
$25,000+
Investment
Tier 6 - Team Member - $25,000+
Receive a printed copy of Mycroft and the Patent Trolls, Privacy devices, Travel Bag, Challenge Coin, Notebook, plus a dinner with Joshua and Michael in LA

Reasons to Invest

$1M in pre-orders for the Mycroft Mark II device. The company is planning for consumer-ready production and is currently Beta testing with Development Kits.
Mycroft is the leader in open source privacy-respecting voice assistants with over 64,000 community members and proven third-party adoption.
Mycroft’s CEO has led companies to more than $200M in previous exits.

The current public awareness of privacy as an issue is really a symptom of a lack of control. Because people are not really in control of their data, they can't have privacy. AI is the ‘operating system’ of the future – do you want that AI to work for you, or for someone else? 


By taking control of your data, you open the way for truly personal AI technology.


Mycroft has a long-term roadmap to reverse the trend of ever more intrusive third-party ownership and control over people's digital lives. We start with privacy-respecting products. Then we expand our support systems to enable rapid third-party device and service integration. Next, we focus on the infrastructure that enables people to make the best use of their personal data and truly escape surveillance capitalism. This path from devices, to services, to infrastructure, offers an exponential growth curve for decades to come. 

Success Since Our Last Raise

In the three years since our last crowdfunding campaign, Mycroft has designed, tested, and entered production with its 2nd generation smart speaker. Developer Kits for these speakers began shipping in early 2021 and the company is working to start mass production.

*This image illustrates a Pre-production Mark II, the Mark II is not yet in production.

The company has re-architected its back-end systems with an eye to scaling beyond its 60,000 early adopter customer base. The revised back-end system, branded Selene, is both scalable and robust, and creates multiple avenues for commercial partnerships.


Mycroft has also expanded its team by attracting highly experienced and successful serial entrepreneur Michael Lewis to join as CEO. Prior to joining Mycroft, Michael founded Stellar Semiconductor (sold to Broadcom for $140M) and Cryptic Studios (sold to Atari for $50M). He joined the team in 2020 to help grow Mycroft from a small early-stage startup to a profitable global brand.

*Prior past performance by Mycroft AI Executives is not indicative of future performance. This information is used to share the executives expertise. Investing in start-ups in highly speculative, please review all offering terms and risk factors in our offering.

In addition to providing more than $1M in funding through his foundation, Michael has brought his experience in hardware and software to the company. This has dramatically increased the reliability and quality of the company’s products and positioned it for growth.  


Mycroft has also engaged with several enterprise and government customers over the past three years in industries ranging from healthcare to aerospace where its voice technology is being evaluated for use in hospitals, eldercare facilities, and NASA mission planning.

THE PROBLEM


Big Tech has built empires by spying on customers. And they are no longer just spying online. Without much thought about privacy, customers have installed thermostats with hidden microphones, televisions that watch viewers, and always-listening smart speakers. 

These always-listening devices are not under the control of customers. They are being controlled by tech companies eager to invade every corner of their customers’ lives. The Public, however, is growing wise to Big Tech’s game and are hoping for technologies that give them the same features, but without the surveillance. 

THE SOLUTION


Mycroft is a voice assistant that provides customers with all of the features they’ve come to expect from Big Tech while preserving their privacy. Our community of more than 60,000 developers and early adopters has built a full-stack voice solution that is the leading open source alternative to Alexa, Siri, and Assistant.  

Mycroft’s software enables individuals to power smart speakers, robots, desktops, televisions, and IoT devices. It is also in use by businesses around the world. This includes healthcare providers, eldercare facilities, educational institutions, and companies in the hospitality industry. Mycroft has also engaged with organizations like banks, automakers, and even NASA to develop and evaluate voice applications for their products.

*This image illustrates a Pre-production Mark II, the Mark II is not yet in production.

Mycroft ships a reference smart speaker for customers, developers, and partners to extend and deploy its voice assistant. The company has more than $1M in pre-orders for its second-generation speaker and strong demand for additional speakers once mass production begins. Our solution is designed to run anywhere and once the stack is complete, the company plans to implement packages for all major IoT, mobile, and desktop ecosystems.

THE MARKET


According to Markets and Markets Research, the global voice assistant market is $25B and growing annually. It is the fastest adopted technology, ever. A sizable percentage of global consumers want the convenience and features of a smart speaker but privacy concerns have kept them from buying Big Tech speakers.


This has created a huge opportunity for Mycroft, as the acknowledged open source leader. Big Tech’s missteps make it impossible for them to address this market segment which Mycroft expertly fills, with its full-feature voice assistant that protects customer privacy.

The voice assistant market continues to grow rapidly while a sizable percentage of the public is sitting on the sidelines because of privacy concerns. This opportunity represents nearly 20% of a $25B annual market.


Mycroft has demonstrated market demand by shipping a first-generation prototype to more than 56 countries and developer kits for its second-generation product to dozens of others. The company currently has more than $1M in pre-orders on the books including large orders from channel partners looking to install Mycroft in healthcare settings.

OUR TRACTION


Mycroft has successfully completed two perks-based crowdfunding campaigns. The first shipped a prototype to backers in 2017 and the second has now more than $1M in pre-orders awaiting fulfillment. The company also has several channel partners who are working on large engagements with healthcare providers and educational institutions.

Mycroft’s online community of early adopters and developers crossed 60,000 this year and continues to grow organically on a daily basis with new customers joining the community from more than 60 countries around the world.

Mycroft has benefited from prestigious accelerator programs including Techstars, 500 Startups, and MassChallenge. The company has successfully raised more than $6M in private equity including investments from institutional investors like Social Starts, TechNexus Venture Partners, T2M Capital, Torra Capital, MTC, and Deep Space Ventures.


Mycroft has also made significant progress on its product and has developed, tested, and shipped a full-stack assistant that includes modules for wake-word spotting, natural language understanding, skills management, and speech synthesis. On the hardware side, the company has designed, manufactured, and shipped two separate architectures and is preparing to go into mass production with its second-generation smart speaker.

THE BUSINESS MODEL


Mycroft operates a consumer-facing freemium service and plans to expand this service for at least two more years. The company’s focus is on recruiting developers and early adopters to significantly expand the 60,000-strong Mycroft community.

Customers who purchase Mycroft-powered devices are required to create an account on the company’s Selene back-end which is then used to manage credentials for services like music streaming, email, social media, etc. The company offers a paid subscription to this back-end which will, when fully deployed, include premium features like custom wake-words and voices.

The company’s back-end is also offered as a service or a license to enterprise customers who want to deploy the company’s technology either internally or for customers. As Mycroft makes more devices available under its white label plan, these enterprise engagements are expected to be the primary source of revenue for the company.

ROADMAP


*Prior past performance by Mycroft AI is not indicative of future performance. This information is to show future goals based on Mycroft's previous successes, these results cannot be guaranteed. Investing in start-ups in highly speculative, please review all offering terms and risk factors in our offering.

Intellectual Property Claim. For purposes of this Agreement, “Intellectual Property Claim” means any actual or threatened claim, action or proceeding relating to Intellectual Property Waiver of Intellectual Property Claims. The Investor agrees that any and all ideas, concepts, processes, discoveries, improvements and inventions conceived, discovered, made, designed, researched or developed by the Company, its employees, directors or founders, either solely or jointly with others, are the Intellectual Property of the Company. The Investor, in consideration for the right to be an investor in the Company, hereby irrevocably waives the right to assert an Intellectual Property Claim against this property including property of the Company protectable by patent, copyright or trade secret law, developed in whole or in part by the employees, directors, or founders of the Company in connection with the performance of services to the Company as an employee, director or founder.


The Company is involved in four lawsuits with a patent assertion entity, (“PAE”), regarding alleged patent infringement by the Company. Case 1: The Company is the defendant in a patent infringement suit filed by the PAE, in Kansas City, Missouri. The Company believes the “license fees” demanded by this PAE are unjustified and the allegations are spurious. The Company has refused to pay these “license fees”, instead choosing to fight the allegations in court to protect its reputation and the entire open-source software development community. This case is currently stayed pending the outcome of two Inter Partes Reviews (“IPRs”) filed with the US Patent and Trademark Office Patent Trial and Appeal Board (“PTAB”). Case 2: The Company is the plaintiff in a bad faith patent case filed against the patent abuser. Case 3: The Company is the petitioner in one of the two IPR filings that is seeking to invalidate the claims of the asserted patents. The Company believes that the asserted patents are not infringed by the Company’s products, and that the claims will thus be declared invalid by the PTAB. As of May 2021, both IPR filings have been admitted by the PTAB, supporting the Company’s belief that they are likely invalid. Case 4: A fourth case was brought in 2021 against the Company, Michael Lewis, the Company’s CEO (“Lewis”), and Joshua Montgomery, the Company’s President (“Montgomery”), by the PAE with a variety of claims. The Company, Lewis and Montgomery believe these claims have no merit and deny any and all wrongdoing. The Company considers this lawsuit to be an attempt to unlawfully restrict the Company’s ability to publicly discuss the other lawsuits.


In the Press

Engadget

Can an open-source AI take on Amazon and Google?

Bloomberg Businessweek

I Tried Hiding From Silicon Valley in a Pile of Privacy Gadgets

Harvard Business Review

Your Company Needs a Strategy for Voice Technology

It's Foss

Mycroft Mark II: The Open Source Answer to Amazon Echo and Google Home That Doesn’t Spy on You

voicebot.ai

Mycroft Mark II Smart Display Puts Privacy First

Hosting Advice

An Open-Source Alternative: Mycroft Brings Data Privacy, Customization, User Agency, and Open Data to Voice Assistant Technology

CNET

Meet Mycroft, an open-source smart-home AI platform

Inc.

5 Growing Artificial Intelligence Startups You Need to Know About

Ieee Spectrum

How to Build Your Own Amazon Echo

Hackster.io

Mycroft Announces a Kickstarter Campaign for the Mark II AI Assistant

Fossbytes

Mycroft Mark 2 – Meet The Open Source AI Voice Assistant

ZD Net

Meet Mycroft, the open source AI who wants to rival Siri, Cortana, and Alexa

Softpedia News

Mycroft Is an AI for Your Home Powered by Raspberry Pi 2 and Ubuntu Snappy

Le Monde

Start-up; La science innove.

Fast Company

Can Mycroft’s Privacy-Centric Voice Assistant Take On Alexa And Google?

CIO

2015's most exciting Linux devices

Tech Crunch

Mycroft Open Source Voice Assistant

MIT Technology Review

An Open-Source (and Cute) Alternative to Amazon Echo

Offering Summary


Company

:

Mycroft AI Inc.

Corporate Address

:

300 E 39th, Kansas City, MO 64111

Offering Minimum

:

$9,999.40

Offering Maximum

:

$4,999,999.20

Minimum Investment Amount

(per investor)

:

$499.80











Terms


Offering Type

:

Equity

Security Name

:

Series Seed-2 Non-Voting Preferred Stock

Minimum Number of Shares Offered

:

5,882

Maximum Number of Shares Offered

:

2,941,176

Price per Share

:

$1.70

Pre-Money Valuation

:

$38,002,983.20











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

Investment Incentives and Bonuses

Previous Backer Bonus:

For any previous backers or investors in Mycroft AI, when you invest in this live offering you will receive an additional 3% bonus shares.

Time-Based:

Friends and Family Early Birds:

Invest within the first 72 hours and receive an additional 7% bonus shares.

Super Early Bird Bonus:

Invest within the next 72 hours and receive an additional 5% bonus shares.

Early Bird Bonus:

Invest within the next 7 days and receive an additional 3% bonus shares.

Amount-Based:

Each investor who invests at the minimum investment level or above will be receiving a copy of Joshua Montgomery's first children's book: Mycroft and the Patent Trolls. 

Tier 1- Open Source Enthusiast - $500+

Receive a printed copy of Mycroft and the Patent Trolls

Tier 2 - Privacy Ally - $1000+

Receive a printed copy of Mycroft and the Patent Trolls, plus Privacy devices

Tier 3 - Investment Leader - $5000+

Receive a printed copy of Mycroft and the Patent Trolls, plus Privacy devices and a Travel Bag

Tier 4 - Development Supporter - 7000+

Receive a printed copy of Mycroft and the Patent Trolls plus a Challenge Coin

Tier 5 - Inside Partner - $10,000+

Receive a printed copy of Mycroft and the Patent Trolls, Privacy devices, Travel Bag, Challenge Coin, Notebook, plus a call with Joshua and Michael

Tier 6 - Team Member - $25,000+ 

Receive a printed copy of Mycroft and the Patent Trolls, Privacy devices, Travel Bag, Challenge Coin, Notebook, plus a dinner with Joshua and Michael in LA

*All perks occur when the offering is completed.

* Note these perks do stack with the other live offering perks. All perks occur when the offering is completed.

* All perks occur when the offering is completed which will be the highest bonus rate they are eligible for.

Description of Perks

Mycroft and the Patent Trolls: A harrowing tale of knights and heroes fighting for truth and justice. Mycroft and the Patent Trolls addresses a complex topic in an accessible and fanciful way.

Challenge Coin: Military challenge coins date back to World War I when a young airman was saved from execution as a saboteur when he was able to produce a bronze coin with his unit’s insignia. Our challenge coins are unique and tell a story about who we are, where we came from and where we are going.

Privacy Devices: Protect yourself and your computer with these video and audio security devices. Cover your webcam and audio port for absolute privacy.

Moleskin notebook: Take notes in style while showing your support privacy and open source.

Travel bag: Keep all of your electronic cables and small peripherals neatly contained while showing your Mycroft support.

30 Minute call with Michael Lewis, CEO and Joshua Montgomery, Founder

Dinner in LA with Michael Lewis, CEO and Joshua Montgomery, Founder.

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.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$1,605,537.00 USD
$1,123,312.00 USD
Cash And Cash Equivalents
$227,005.00 USD
$117,431.00 USD
Accounts Receivable
$8,000.00 USD
$2,569.00 USD
Short Term Debt
$962,158.00 USD
$477,340.00 USD
Long Term Debt
$2,384,537.43 USD
$1,182,947.17 USD
Revenues And Sales
$52,565.27 USD
$151,595.30 USD
Costs Of Goods Sold
$47,236.00 USD
$27,121.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$1,369,532.00 USD
-$1,634,372.00 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

Notice of Funds Disbursement

3 days ago

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

Hello!

As you might know, Mycroft AI, Inc. 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 Mycroft AI, Inc. 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

Is there a market for Mycroft?

3 days ago

In 2019, Microsoft polled thousands of people asking what their hesitance is to buying a smart speaker. First, thanks for doing the leg work Microsoft. 


Second, Mycroft’s market exists.


Of the 7,000 individuals asked about their concerns with digital assistants, 41% said “That it is actively listening and/or recording me.” 31% said, “That the information it gathers is not private.” Those concerns have proven to be legitimate as Google, Amazon and Apple are all in current lawsuits for inadvertently listening to their customers. 


The study’s findings are fascinating unto themself. What’s exciting is the potential that investors have in getting on to the ground floor of a company that is building a solution to the concerns people have with an emerging technology. 


Invest in the company that puts privacy first and provides an alternative to Big Tech’s always-listening business model.


If you'd like to receive our weekly newsletters which contain hardware, software, and business development updates, sign up at https://mycroft.ai/newsletters/

How has Mycroft been solving privacy issues across industries?

6 days ago



Here at Mycroft we’ve had an opportunity to work with a lot of corporate and government partners to build technology and deploy it in a wide variety of environments. 


We’ve recently partnered with a hospital on the East Coast of the United States that’s developed some technology around using voice technology to prompt COVID 19 patients to prone (to change their position) to improve their breathing. By using a voice technology, nurses can prompt their patients to change their position without actually dressing out in their PPE and walking into the hospital room.


Another great example of where people are using the Mycroft software stack in important ways is NASA. We recently completed an SBIR in partnership with Texas A&M University and NASA to use voice assistant technology in the preliminary satellite design process. That’s one small example of where technologies like voice assistance can be important in space exploration, both here on the ground - when people are designing space craft and designing space systems - and eventually, in space where people will be using voice assistants to control space craft and control space systems in environments where controls are not necessarily immediately handy.


Some of the other places people are using Mycroft are our friends at Q.bo, in Barcelona, who have been building Mycroft into their robot which is entirely open hardware! 


-Lume Cube is building Mycroft into their product, which is a cute little LED cube that allows folks to do all kinds of different animations. 


-The folks at Chatterbox who’ve built an educational system for children are using Mycroft as a voice interface for their system. 


-Lastly, there are thousands and thousands of individuals out there who are using Mycroft on the Mark I platform, on the Mark II developer kits, and on their own Raspberry Pi on their computer to do everything from controlling television content to playing music, to rapping alongside famous rap artists. 


Mycroft really can solve problems in a variety of different industries. In each one of those industries, we have an opportunity to become the leading player when it comes to providing a private solution. 


That’s a huge opportunity for us as a company and also for potential Mycroft investors who might want to come along for the ride.


 If you'd like to receive our weekly newsletters which contain hardware, software, and business development updates, sign up at https://mycroft.ai/newsletters/

Our mission and your privacy are one in the same

7 days ago

When Mycroft was founded, values that were made evident early on were customizability and the pursuit of a voice assistant that was open source. What came to be integral to our ethos was privacy.

Voice is the future of how humans and computers interact. People will want to customize that experience by building and changing their “relationship” with their digital assistants. And, they will want these experiences to be private. An A & B conversation, so to speak. We don’t need our personal conversations utilized as a marketing and sales funnel.

Mycroft stumbled into the fastest growing market in the history of technology. We have $1M in pre-orders for the Mark II, a community of 65,000 developers and early adopters (growing every day), and we’re able to build a technology that embodies our values: a voice assistant that is open, customizable, and last but not least, private.


Invest and help shape the future of artificial intelligence with Mycroft.


If you'd like to receive our weekly newsletters which contain hardware, software, and business development updates, sign up at https://mycroft.ai/newsletters/

Why did William Wayt Gibbs VI invest in Mycroft?

10 days ago


“I invested in Mycroft because I believe in putting my money to work toward a future I actually want to live in—one where my family can enjoy the convenience of an AI assistant without having to give up our privacy."


Sometimes great minds truly do think alike. Wayt was an early investor in Mycroft AI and has expressed his intent to actively alter the future of voice technology. This brings people like Aaron Swartz to mind. 


If you don’t know who Aaron Swartz is, please, look him up on Wikipedia. Aaron was a champion of publicly accessible information and did everything in his power to deliver it to the masses. Those individuals who use the power they possess to direct actual change for the betterment of humanity are the definition of integrity and charisma. 


Thank you, Wayt. And thank you to all of our investors for helping us make a desirable future into a reality. We hope we’re making Aaron proud. 


Now is the time to invest in the private voice assistant. To a happy future!


If you'd like to receive our weekly newsletters which contain hardware, software, and business development updates, sign up at https://mycroft.ai/newsletters/

Sustain + Mycroft podcast LIVE

12 days ago

Sustain has posted their interview with Mycroft’s founder, Joshua Montgomery, to their website and various social media channels! 


TL;DH (Too Long; Didn’t Hear)

-Mycroft and the Patent Trolls - Josh discusses the children’s book he has written

-The Open Source community - Mycroft just passed 65,000 active developers

-Making Mycroft sustainable: creating a spectrum of contribution for the software. 

-Ethical boundaries in face of competition: Mycroft democratizes equity funding. We’re different from the commonly accepted operating systems that are constantly being indicted for privacy violations. 

-Open Source Business Model: With voice being adopted at a rate faster than the iPhone, 20% of customers don’t trust current voice tech options. Mycroft addresses those with privacy concerns as the private voice assistant. 


Now is the time to invest in THE private voice assistant.


If you'd like to receive our weekly newsletters which contain hardware, software, and business development updates, sign up at https://mycroft.ai/newsletters/

Mycroft speaks Farsi. Know any other smart speakers that do that?

14 days ago

One of the major impediments to currently available smart speakers is that they do not offer a wide variety of native speech recognition. English is great and all but… you know, what if you don’t like, speak it?

 

Smart speakers have the potential to help with language on all sorts of fronts: education (practicing a second language), access (enabling minorities the ability to use voice technology), and assisting language, which can be so essential to culture, stay alive through ongoing use. 

 

Thanks largely to the efforts of @Hkalbasi Mycroft now includes initial Farsi support. 

For any new language this requires both direct translation of existing vocabulary and dialogue, as well as the localization of common parsing and formatting functions. These functions enable Mycroft to understand and express things like numbers and dates in natural speech.

 

To speakers! Indigenous languages, Indigenous peoples, and Mycroft - facilitating native language detection for all. 

 

Invest in us - all of us. 


If you'd like to receive our weekly newsletters which contain hardware, software, and business development updates, sign up at https://mycroft.ai/newsletters/

Mycroft Featured on Startup Grind

17 days ago

Last week, Mycroft’s founder sat with an interviewer in Honolulu to talk about the honorable struggles of startups. The chat is aptly named: Startup Grind - Fireside Chat


These discussions generally take place in front of a live audience where the energy is loaded, there are some nerves, and equal excitement. This year, as could likely be surmised, the chat took place without an audience but was nonetheless a thrill and honor. 


Joshua has started various small businesses but none like a tech startup. The trials and tribulations of hardware, software, and development are never ending. However, the determination and perseverance required to be an entrepreneur are met by a community that wants to see Mycroft succeed just as much its employees. 


Check out the Fireside Chat with Joshua Montgomery, and join us in bringing a private voice technology to market today.


If you'd like to receive our weekly newsletters which contain hardware, software, and business development updates, sign up at https://mycroft.ai/newsletters/

Explain yourself, Facebook

19 days ago

How many Big Tech conglomerates are in the S&P 500 top 10 list? A concentration of our daily internet activity - Apple, Microsoft, Amazon, Facebook, Alphabet Class A (Google), Alphabet Class C - dominates the list. A small number of entities influence the global economy and are heavily relied upon in our day-to-day lives. 


Social media and messaging occupy an inordinate amount of our attention, work and social lives, it’s no wonder an online college directory became the juggernaut that is Facebook & Instagram & Whatsapp today. These companies that are owned by a single entity have one weak spot, and when that mother ship goes down, they all go down. It's a stupefied wonder that follows. 


Mycroft wants to thank Signal, Mattermost and Telegram for staying afloat during that social media armageddon on Monday. What do these companies all have in common? They’re Not Big Tech companies. 


One company to rule them all is not the direction we want to be going in. Help us bring an alternative, privacy-focused, open source voice technology to market...asap.  

By Huzaifa abedeen - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=101936473

Understanding the Investment Landscape

21 days ago


Back in the 90s during the original dot com boom, companies went public a lot quicker than they do today. Companies like Amazon, for example, did a really early stage seed investment, took a little  bit of venture money, and then went public. And what that means is that a lot of the growth of the company took place while the company was a public company that anybody could invest in. Fast forward to today where venture capital has a lot more funding in it and there’s an abundance of private money and companies are staying private a lot longer. For example, Space X was founded almost 20 years ago. They have huge capital requirements because they’re making all of these fixed infrastructure investments and yet they’re still a private company. 


And that’s changing today with the advent of what’s called Reg CF crowdfunding which allows companies to go out and raise small discreet rounds of financing using what’s effectively a quasi-public mechanism, so anyone can invest. Hopefully we’ll see a return to the 1990’s where your average Joe and Jane can get the same types of investment opportunities that venture capitalists in Silicon Valley get. 


Now is your early chance to invest in voice technology


If you'd like to receive our weekly newsletters which contain hardware, software, and business development updates, sign up at https://mycroft.ai/newsletters/

Why did Rob Ness invest in Mycroft with Angel List?

24 days ago


“I invested in Mycroft's early seed rounds for two reasons: 1) Voice AI struck me as an inevitability, given the trend of computer interfaces becoming increasingly natural and intuitive; 2) I couldn't accept a world in which we let Big Tech get a stranglehold on Voice (given their track record of using smart speakers to push ads on us, spy on us, sell our private information, and generally violate our privacy).”

    -Rob Ness


Privacy is priceless. 


Invest in the voice assistant that respects that privacy. 


If you'd like to receive our weekly newsletters which contain hardware, software, and business development updates, sign up at https://mycroft.ai/newsletters/

How did Peter Thiel make $5 BILLION investing with his Roth IRA?

26 days ago


You can now invest in startups with a self-directed IRA. 


Peter Thiel, of Paypal mafia fame, was an early investor in Facebook. Using a self-directed Roth IRA, he was able to grow that investment in a staggering way. Fast forward twenty years, and Propublica refers to Thiel as “Lord of the Roths” with holdings in the BILLIONS within his Roth alone. 


We’ll put additional commentary aside on the unfair reality of wealth inequality and get to the point: ANYONE can do this through the SEC’s democratization of equity crowdfunding. The steps are simple:


  1.  Open a self-directed IRA with a platform like ALTO or Equity Trust. Both are simple platforms that are made for using one’s IRA to invest in startups, buy crypto, or purchase other assets beyond the traditional options. Additionally, help is available on both sites via help@altoira.com (ALTO) or NewAccountsETC@trustetc.com (Equity Trust). 


  1. After transferring funds from your existing IRA to your self-directed IRA with a platform like ALTO or Equity Trust, log in to https://www.startengine.com/mycroftai, and click 


  1. Input contact information, investment amount, etc. and check the box stating “I want to invest as a non-person legal entity such as a company, trust, or self-directed IRA."



Note: Investing with traditional IRAs uses your pre-tax assets while investing with Roth IRAs uses after-tax assets. 


Because investing is a long-term strategy, and IRAs are essentially a savings account, the two go hand-in-hand in making your finances work for you. While Mycroft would never promise a return, the potential behind investing in voice technology at a time when the market is booming is worth getting excited about.


Invest in Mycroft and yourself today.


If you'd like to receive our weekly newsletters which contain hardware, software, and business development updates, sign up at https://mycroft.ai/newsletters/

Can Elon Musk save our privacy?

28 days ago


SpaceX’s Starlink team has recently started launching low orbiting satellites 60 at a time.  In fact, on January 6th 2020 SpaceX became the largest satellite operator in the world.  The system the SpaceX team is building will be able to deliver ultra-high-speed broadband at extremely low latency….globally.

But there is a privacy risk in having all of those low orbiting, high bandwidth satellites up there:  those satellites could become a global version of Gorgon Stare.

What is Gorgon Stare? Head to our blog to find out.


Privacy matters. Invest in yours today.


If you'd like to receive our weekly newsletters which contain hardware, software, and business development updates, sign up at https://mycroft.ai/newsletters/

Why did Albert Wenger invest in Mycroft?

about 1 month ago

“The world needs an open voice assistant as an alternative to the platforms controlled by the large tech corporations.”

    -Albert Wenger


If you’re not paying for the product, you ARE the product. Our investors are individuals who believe in Mycroft’s roadmap to bring the world an Open Source Voice Assistant that doesn’t require the Big Brother element. 


Privacy matters. Support Mycroft. 


If you'd like to receive our weekly newsletters which contain hardware, software, and business development updates, sign up at https://mycroft.ai/newsletters/

Mycroft and Aztech enter agreement for global scale manufacturing

about 1 month ago

Mycroft has signed an agreement with Aztech, an $800 Million company, to manufacture Mycroft’s smart speaker on a global scale. 


This will enable the company to fulfill the more than $1M in preorders for the Mark II. 


As always, thank you for your interest in Mycroft. 

NOW is the time to invest in THE private voice assistant.


If you would like to receive regular Mycroft updates in your inbox, you can use our SMS feature to join now.

Text 'Mycroft Updates' to (773) 770-4377 

Remember the 90s?

about 1 month ago



Do you <3 the 90s? 


In 1997, a little company based out of a garage in Seattle decided to sell books via mail. Do we need to explain further about who we’re talking about? Actually, there were a lot of those garage people...


In 24 years, that company became the juggernaut of snail mail. Ironic that one of the slowest methods of travel is what enabled Jeff Bezos to ride on one of the fastest rockets known to mankind? Your choice.


During their garage band days, investors could have bought equity in Amazon for $18 per share at the company’s IPO. One famous example states that an individual who invested $10,000 in 1997, would have holdings valued at $12 Million today. 


Mycroft is offering the chance to invest in a technology that is being adopted at a rate faster than the iPhone. Now is the time to take guided risk. To those who have already invested, we hope to cheers you on our solar-powered yachts in 24 years. 

Voice is the fastest growing segment of tech- Invest Now

about 1 month ago

According to Statista, the “number of digital voice assistants in use worldwide was expected to nearly double between 2019 and 2022, reaching 6.41 billion units by 2022.” 


Mycroft addresses the 41% of the population that is concerned with their privacy when it comes to those digital assistants. The software is private, open sourced, and customizable.


Thank you for supporting Mycroft. We plan to do right by you and the rest of the world by bringing an alternative to Big Brother. 

What is Open Source?

about 1 month ago

We had the pleasure of chatting with Eric Berry, Richard Littauer, and Alyssa Wright at Sustain, a podcast whose focus is “[bringing] together practitioners, sustainers, funders, researchers and maintainers of the open source ecosystem.” While open source is our homeland, many may not fully understand what it actually means. 


By definition, open source is information that is publicly accessible and modifiable. Internet engines like Mozilla, encyclopedias like Wikipedia, educational affiliations like Creative Commons, even textbooks can be open source.  When a software is open source, like Mycroft, it means that the public is able to access, modify, improve, and geekify the contents therein.


At Mycroft, we believe the idiom, “there’s always room for better.” 


Thank you for helping us to improve whenever and wherever we can. 

The Homelab Show Episode 24: Hey Mycroft!

about 2 months ago

Friday September 10th, 2021


Mycroft’s founder, Joshua Montgomery, was the recent guest on the Homelab Podcast with hosts Tom Lawrence of Lawrence Systems and Jay LaCroix of Learn Linux TV. First, we’d like to thank Tom and Jay for having Josh on the show! The conversation was easy and right up everyone’s alley. The trio discussed privacy in the face of Big Tech as well as Mycroft’s fight against Patent Assertion Entities (Patent Trolls for short). We’ll leave the rest of the nitty gritty details about the show for your viewing pleasure. 

    If any of our followers have podcasts, YouTube channels, blogs, or other outlets of their own, and would like to discuss privacy, technology, startup investment, and/or entrepreneurship with Josh, feel free to email us at social@mycroft.ai. We’d be honored to continue the conversation and get the word out about privacy concerns. 

Software Update 1

about 2 months ago

Wednesday September 8th, 2021

Improving the brains of Mycroft’s operating system is continuous. Our open source software allows for our community to make improvements in addition to those of our Developer Team.


Because of this ongoing effort, the software that drives Mycroft is consistently being improved. Here is a highlight of some of the changes since our last crowdfunding raise. Please click through to the linked blogs to learn more about each individual program. 



Each of these systems was an exceptional undertaking and are critical to providing the integrated, intuitive experience that you would expect from a consumer grade voice assistant. We’ve talked about a few of these in the past, but will be expanding on their development in future blog posts.


Thank you, as always, for your interest and support in Mycroft AI. 

How will you enjoy the fruits of your labor?

about 2 months ago

Before you set out to enjoy your hopefully Laborless Weekend, we’d like to share a quote from one of our investors whose expertise has allowed him the privilege of putting financial fuel into promising opportunities:



“There are several large corporations that offer voice command interfaces to facilitate electronic features.  However, the privacy aspect is very concerning for many industries, including hospitals, government agencies and many more.  These segments of the market are virtually untapped and provide for a large opportunity for investment and development.  I believe that Mycroft provides a solution that is unique in the marketplace with an open source platform that can be adapted to a wide range of voice interface applications and is well posed to take advantage of that market space as it begins to burgeon.”

Richard E. Pickering

Harvard MBA

Entrepreneur with 28 US Patents

 

Wishing you all a happy, safe, and restful Labor Day Weekend. See you on Tuesday!

YouTube Live with Founder Joshua Montgomery

about 2 months ago

Mycroft Founder Joshua Montgomery recently hopped on a live chat on Youtube to give a brief update for the company and to respond to some commonly asked questions about Mycroft's manufacturing, operations, and development.

Check it out if you are interested and feel free to leave a comment so that we can respond to any other questions, comments, concerns in future live events. 

Lastly, don't forget to follow the channel to be notified of those future lives as well as the regular dev sync updates.



All Mark II Dev Kits have shipped!

2 months ago


Guess what!?


The second round and last batch of Mark II Dev Kits (NOT to be confused with Mark II production units) have shipped! The Dev Kits are build-it-yourself and were geared toward our more tech-savvy crowd. 


These are extremely exciting times here as the Dev Kits give us a chance to have all of our early supporters test out our beta release software on development hardware, in the wild.


We are one step closer to production and will be keeping everyone abreast of our road to mass production. In the meantime, check out Duane's Product and Manufacturing Update here.

Notice of Funds Disbursement

2 months ago

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

Hello!

As you might know, Mycroft AI, Inc. 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 Mycroft AI, Inc. 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

Licensing a Language

2 months ago

We’ve been so happy to see our community growing since the start of our crowdfunding raise that it’s all we’ve talked about. Creating a voice technology/software is complex to say the least. We want to share with our investing community a little more about Mycroft as a company. 


Part of Mycroft’s software development consists of using Lingua Franca “- our multilingual parsing and formatting library.”  (Gesling, 2021, para. 1). Writing and architecting code can be a complex grey area in referencing existing language with original content. Add a dollop of open source and you can have a recipe for confusion. How does one “own” a language (re: code) that is based on other languages?

Our Director of Developer Relations, Kris Gesling, has written a fascinating piece on the notion of licensing a language and how Mycroft honors the law - no matter how ridiculous it may seem. Check it out here.


Reference

Gesling, K. (2021). Licensing a Language: How the copyright system abuses fundamental human rights. https://mycroft.ai/blog/licensing-a-language-how-the-copyright-system-abuses-fundamental-human-rights/

Just passed 200 Investors!

2 months ago


In this campaign Mycroft AI has 200 investors/new community members! In growing our community, we see the  demonstrable need and desire for a privacy-focused voice technology. By joining the over 1400 previous Reg CF investors, it is clear that Mycroft is favored to deliver a smart speaker capable of operating without making the customer the product. 

We are grateful to our new and returning investors. You see the need for a private alternative to Big Tech.

3% Bonus Shares Ending Soon

3 months ago

All good things come in 3’s. 


Like 3% bonus shares. 


We just passed the $300,000 in investments milestone. That must mean that our community knows a good thing when they see it. With the support from our previous backers and the objectifiable growth of our incoming community, it is apparent now more than ever that the world wants to control their privacy. 


Mycroft plans to deliver on that want. Thank you to those who have already invested!


For those who are tracking our progress, 3% bonus shares ends Monday, the 9th at 0600 ET. 

Already to $250k+

3 months ago

We just surpassed a quarter of our entire raise from 2018 in one week. $250,000!! We are over the moon, that harsh mistress, ( re: The Moon is a Harsh Mistress by Robert A. Heinlein).



Thank you all for recognizing the progress Mycroft has made over the last couple of years and for your support in helping us bring a private voice assistant to market. 


Don’t forget about the 3% bonus shares for early bird investors. You know you want them.

First 100K!!

3 months ago

We are honored to have over 100 investors join us within the first 72 hours of our raise to help us surpass our first $150,000 milestone. Thank you.

mycroft fundraising success

For any other early investors interested in taking advantage of our offering, there are early bird perks still available. Invest now and receive a bonus as our thank you for leading the way.  

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