Epilog offering is now closed and is no longer accepting investments.
INVEST IN EPILOG TODAY!
Transforming how machines see the world
$3,441,018.83 Raised
Reasons to Invest
- We believe Epilog has developed and patented super-resolution vision technologies that can disrupt numerous fast-growing markets.
- Experienced management team with previous public company management experience. Michael Mojaver was formerly the CEO of NIO, which changed its name to Gaming Innovation Group (GIG:OSLO).
- Epilog’s products are ready to address multi-billion dollar markets with a significant cost-performance lead over the competition.
- Our IP position includes 9 patents granted, software, optics.
The problem
Ordinary vision systems miss critical details
Human eyes have the extraordinary capacity to resolve small details within thousands of objects all around us. The best vision systems in use today only deliver about 2% of the acuity our eyes have, picking up only large objects within restricted fields of views.
THE Solution
A new way to make high-performance AI vision systems
Through extensive innovation, Epilog has developed a human-like vision system that can offer a 10x cost-performance increase over conventional systems. Epilog technology is protected by 9 granted patents and made affordable with the advent of fast AI chips and Jabil’s precision robotics manufacturing system.
THE Market
Scalable products for two markets
We are currently addressing two fast-growing markets:
Epilog’s approach to self-driving begins with the recognition that roads and traffic signs are designed for humans, and machines need to see at least as well as humans to operate safely. Epilog’s human quality AI vision can be incorporated into millions of cars on the road today and future vehicles at consumer-level pricing.
Our Traction
New products, patents and trademarks, pending orders, and a subsidiary
Epilog has several groundbreaking AI vision products entering the market soon, and is currently accepting pre-orders. The company has filed one trademark application and has been granted one trademark in the past year, been awarded 9 patents and several trademarks to date. Epilog formed a new wholly-owned subsidiary (Aperis LLC) to differentiate the branding for its queue management products. The first Epilog revenues are anticipated through the Aperis subsidiary on the Wellcome product, a health assessment device with a target Average Selling Price (ASP) of $2,000.
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Epilog significantly advanced the capabilities of its driver assistance system in 2021 and is in preparation for beta testing and mass production. SideCar is compatible with millions of cars on the road today that support LKAS (lane-keeping assist) and ACC (automatic cruise control). We plan on beginning beta testing in late 2021.
Nvidia, Jabil and Sony are key Epilog suppliers and preferred partners but do not directly endorse Epilog’s current offering.
SideCar offers cutting-edge AI and optical capabilities in an integrated device that taps into a car’s existing computer, taking control of gas, steering, and braking. SideCar connects to smart devices, allowing remote security monitoring, climate control, and more.
We believe Wellcome is the world’s first comprehensive, non-contact, non-invasive digital health-check device designed for public places like businesses, schools, and offices. Wellcome can measure body temperature, perspiration, blood oxygenation, height, weight, age, and gender, all collated into an easy-to-understand indicator for health screening.
The Business Model
Next-generation Products Direct To Consumer
Epilog has a long list of reservations for SideCar. A reservations list is maintained by Epilog for customers interested in purchasing SideCar. SideCar is expected to be available in very limited quantities once the product is initially released. Customers on the reservations list will have the option to (not required to) purchase available units on a first come first serve basis. We are also in discussions with lead customers in the transportation sector (airports, train stations, metro areas) engaging in queue management trials. We believe OEM licensing and customization in partnership with Jabil can scale manufacturing operations to a global scale rapidly as needed.
THE Vision
AI vision everywhere
We believe Epilog has an enormous head start in AI human-quality vision. We plan to become the primary provider of both fixed and mobile 8K AI vision systems. Research and innovation have propelled our company to this point, and we strive to grow as a team and a brand to further solidify our industry lead.
Our Leadership
Multiple successful exits and expert industry knowledge
The Epilog team has extensive experience delivering millions of devices and software units to businesses and consumers. Our management has experience leading startups from inception to exits, including a public offering. The Epilog team has formal scientific training in physics, optics, computer vision at prestigious institutions including CalTech, Cornell University, and CERN. Our executive team includes a Silicon Valley veteran trained by Steve Jobs and a former director of Intel Capital.
Meet Our Team
Michael is a serial entrepreneur with extensive experience in funding and operating technology companies, both in the US and abroad. Michael was formerly a particle physicist and studied/worked at UC San Diego, Cornell University, Fermilab and CERN (Switzerland). Michael started other companies prior to Epilog, the last one went public (NIO, now trading as GIG:OSLO). Current main areas of interest include, artificial intelligence, optics and computer vision.
Lance is the principal architect and developer for device, client, and server software at Epilog. He has more than six years of experience in real-time video software, creating video cameras from initial hardware design to user-facing product. Lance is passionate about creating cutting-edge vision solutions for robotic and consumer use cases. His most recent area of interest is creating structured 3D data with a single camera through techniques such as SfM.
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
WHILE THE COMPANY HAS SIGNED A QUOTATION AGREEMENT TO TRADE THE SECURITIES OFFERED ON STARTENGINE SECONDARY’S NEW ALTERNATIVE TRADING SYSTEM (THE “ATS”), A COMPANY WHICH INTENDS TO BE QUOTED ON THE MARKETPLACE WILL BE SUBJECT TO CERTAIN REQUIREMENTS WHICH THE COMPANY MAY OR MAY NOT BE ABLE TO SATISFY IN A TIMELY MANNER. EVEN IF A COMPANY IS QUALIFIED TO QUOTE ITS SECURITIES ON THE MARKET, THERE IS NO GUARANTEE AN ACTIVE TRADING MARKET FOR THE SECURITIES WILL EVER DEVELOP, OR IF DEVELOPED, BE MAINTAINED. YOU SHOULD ASSUME THAT YOU MAY NOT BE ABLE TO LIQUIDATE YOUR INVESTMENT FOR SOME TIME OR BE ABLE TO PLEDGE THESE SHARES AS COLLATERAL.
(or click)
ABOUT
HEADQUARTERS
75 E. Santa Clara Street, Suite 600
San Jose, CA 95003
WEBSITE
View Site
Epilog has created a breakthrough AI vision technology delivering human-quality capabilities to two markets, self-driving cars and queue management. Note: All self-driving scenes in this video are actual SideCar driving. Some of the graphic user interface functions are still in development and simulated (computer generated).
TERMS
Epilog
Overview
PRICE PER SHARE
$1.40
DEADLINE
Dec 18, 2021
VALUATION
$21.2M
AMOUNT RAISED
$3,441,018.83
Breakdown
MIN INVESTMENT
$250.60
MAX INVESTMENT
$5,674,999.40
MIN NUMBER OF SHARES OFFERED
36,964
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
4,053,571
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Epilog Imaging Systems, Inc. |
Corporate Address | : | 75 E. Santa Clara Street, Suite 600, San Jose, CA 95003 |
Offering Minimum | : | $51,749.60 |
Offering Maximum | : | $5,674,999.40 |
Minimum Investment Amount(per investor) | : | $250.60 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 36,964 |
Maximum Number of Shares Offered | : | 4,053,571 |
Price per Share | : | $1.40 |
Pre-Money Valuation | : | $21,199,999.80 |
ALL UPDATES
12.23.21
Happy Holidays from Team Epilog
Holidays are many things to many people. For some, it’s a time for spiritual and religious experiences. For others, the holidays are about getting together with family and friends. In any event, we wanted to send a message of peace and blessings to everyone across the entire StartEngine community during this holiday season.
Looking back at 2021 it’s been a most amazing year. We are looking forward to an even more exciting year ahead and hoping that 2022 will be the breakthrough year for Epilog. We look forward to keeping you updated on all the exciting progress at Epilog. We thank you for your continuing support and wish all of you a wonderful holiday season and a happy new year.
Team Epilog
12.20.21
Thank you for a fantastic campaign!
I wanted to thank every single one of our new investors and supporters for a most amazing campaign! We raised $3.7M with over 3,400 new investors. These numbers exceeded the goals we had set for this portion of our Reg A+ campaign. Thank you also for all the goodwill, encouragement, confidence, and positive thoughts you have been sending our way. We are proud to have every single one of over 5500 investors onboard and nearly $5M crowdfunded to date!
Please note that Epilog will not receive names or contact information of investors until after the closing is completed, which may take a few weeks. You will need to make sure your investment is fully funded and all steps completed on the StartEngine portal. Please see the instructions below in this regard:
- Investment Status: Check your account status and email contact@startengine.com if you have any questions.
- General FAQ: https://www.startengine.com/investor-faq
After your investment is completed:
- T-shirts: you will receive detailed instructions via email on how to claim your free T-shirt if you qualified.
- Questions/Comments: please post them here. Often investors have the same questions, and this forum is a convenient way to keep everyone informed. Expect responses in 24 hours on average.
- Any questions specific to Epilog: please email investors@epilog.com
- Campaign Updates: those will be provided here about once a month while the campaign is in recess.
Please note we are a small team, focused on technology development and working to get products out the door. Emails to investors@epilog.com currently end up in my inbox along with hundreds of other emails and messages each day. They get prioritized by staff and may take days to see a response. Our apologies in advance.
Our sincerest thank you, and we look forward to an exciting 2022!!
Michael Mojaver
President and CEO
Epilog AI
12.18.21
Last Chance to Invest: Offer Closes at 11:59pm PST today!
Just a few hours left to invest in Epilog's Reg A+ funding round on StartEngine!
Invest in Epilog and support our mission of disrupting numerous fast-growing markets with our patented super-resolution vision technologies before the round is closed. Thank you to the over 3,300+ investors who have supported Epilog this round. With your support, we are making amazing progress and we couldn't be more thrilled to have such a powerful community joining us on this journey.
Please join our email newsletter and continue to follow our offering page for company updates after the round is closed.
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.17.21
9 Hours to Invest in Epilog
The opportunity to invest in Epilog's funding round closes in 9 hours!
With the window to invest closing quickly, we wanted to highlight some of the top reasons to invest in Epilog:
- We believe Epilog has developed and patented super-resolution vision technologies that can disrupt numerous fast-growing markets.
- Experienced management team with previous public company management experience. Michael Mojaver was formerly the CEO of NIO, which changed its name to Gaming Innovation Group (GIG:OSLO).
- Epilog’s products are ready to address multi-billion dollar markets with a significant cost-performance lead over the competition.
- Our IP position includes 9 patents granted, software, optics.
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.17.21
Last Day to Invest...Don't Miss This Opportunity to Support Epilog!
A special thank you goes out to all of our investors!
We sincerely appreciate your vote of confidence and support.
We have our work cut out for us but thanks to your investments in Epilog we now have the fuel to execute on our mission.
Today is your last chance to invest in Epilog's Reg A+ funding round!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.16.21
1 Day Left: Wellcome Restaurant Promo
WellCome is a comprehensive no-contact solution for health and safety screening in the medical environment. Upon entry, every individual’s health vitals are scanned and analyzed with Epilog AI technology. WellCome measures multiple health vitals in real-time, including body temperature, heart rate, blood oxygen level, and perspiration. If WellCome finds one of the health vitals is outside acceptable parameters, then a further health screening will be activated by a no-contact QR code questionnaire. Your healthcare team will use this information to make an informed decision to keep your facility safe. We believe WellCome is the most advanced and accurate health screening device for restaurants and hospitality facilities around the world. To learn more and to order your device visit: aperis.ai
12.15.21
2 days Left: $3M Raised - last call
Epilog just surpassed the $3M mark for its Reg A+ campaign - over $4M raised during about a year of active campaigning.
These numbers have exceeded our expectations and on behalf of the entire Epilog team, a huge THANK YOU!
The Epilog campaign isn’t about “making history” or breaking any kind of fundraising records.
Our goal is to raise what we need at this stage of the company, run an efficient organization and maximize investor value.
The rest of this campaign belongs to you, your friends and family members.
The offering closes at 11:59pm PDT on Friday Dec 17th, 2021
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.14.21
Honda Self-Driving Test
Here is a time-lapse demonstration of Epilog SideCar self-driving a Honda for about 20 minutes on the coast of Northern California. This particular vehicle is a base model 2021 Honda CRV owned by Epilog and we expect it to work the same with any customer vehicles that have the “Honda Sensing” package. Honda sensing has been available on the Civic and Accord models since 2017. SideCar replaces Honda’s simple Lane Keep Assist (LKAS) and Adaptive Cruise Control (ACC) functions, upgrading the functionality to full driver assistance as demonstrated in the video. For 2022 Honda Sensing is available (and often standard) on the Honda HR-V, CR-V, Passport, Pilot, Civic, Accord, Insight, Clarity, Odyssey, and Ridgeline. Another interesting feature available in the 2021+ MY Hondas is a side-looking camera mounted on the passenger side mirror. If this feature is also extended to the driver side, future Honda models are expected to directly support lane changes with SideCar.
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.13.21
5,000 Investors in Epilog and Climbing!
We estimate that during our about one year of active campaigning we reached out to about 5M people (324M to go!) We added almost 1,000 investors in just the last couple of weeks, for the first time crossing the 5000 total number of investors in Epilog.
These numbers have exceeded our expectations, on behalf of the entire Epilog team, a big THANK YOU!
If you just joined us welcome aboard! If you are a repeat investor, thank you for your continued support and we are glad to have you on our team! The rest of this campaign belongs to you, your friends and family members.
The offering closes at 11:59pm PDT on Friday Dec 17th, 2021
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.11.21
SideCar Driver Monitoring System (DMS) extended
Here is a demonstration of SideCar's Driver Monitoring System (DMS). SideCar DMS technology is used to make sure the driver is paying attention to the road ahead at all times, in particular while SideCar is activated. SideCar driver monitoring AI is end-to-end, meaning the AI directly measures the driver distraction level, shown as a percentage confidence level. Unlike the typical “keep-hands-on-the-wheel” approach commonly used by most manufacturers, the advanced SideCAR DMS is tamper-proof, helping deliver our top priority of occupant safety. Additionally, to ensure occupant privacy, videos captured in-cabin never leave SideCar unless the user has explicitly opted into data sharing to help improve SideCar.
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
REWARDS
$100
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
First Tier
● Receive a free exclusive owners T-shirt
$1,000
Second Tier
● VIP Epilog owner 50% off any purchase through 2025 (limit 1 item)
$5,000
Third Tier
● Early access free SideCar ● 10% Bonus Shares
$10,000
Fourth Tier
● Early access free SideCar ● 10% Bonus Shares ● Free upgrade trade for 2 years
$50,000
Fifth Tier
● Early access free SideCar ● 10% Bonus Shares ● Free upgrade trade for 2 years ● Dinner with founding team in San Francisco
$100,000
Sixth Tier
● Early access free SideCar ● 10% Bonus Shares ● Free upgrade trade for 2 years ● Dinner with founding team in San Francisco ● Optional board seat
JOIN THE DISCUSSION
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
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Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
