Reasons to Invest

• In just a few years, Waverly Labs has generated more than $9.2MM in Gross Revenues.
• Raised over $2.1MM from 2K+ investors from 2 fully maxed out Reg CF raises
• Partnered with companies like Hilton, Walmart, and Amazon Fulfillment Centers for major B2B testing

From the team that created the Pilot Smart Earbuds with language translation, we invented the "earpiece translator" category and have generated over $9.2MM in sales. Now we tackle the huge market for professional interpretation with Ambassador Interpreter.

original founders, from left to right: Sergio, Andrew, Jainam, Bill

$23B are being spent in the U.S. alone, hiring bilingual individuals and professional interpreters to communicate in the commercial space, either on-site, through telephone, conference, or video remote. Such services are often delivered by specialist providers and organizations that focus on one or multiple interpreting modalities. Globally, the amount being spent on interpreters is estimated at $57B.

source: CSA Research, "15th Annual Review of the Services and Technology Industry That Supports Translation, Localization, Interpreting, and Global Content", 2019

Ambassador is an over-the ear interpreter designed to solve language barriers in global commerce and business, providing a cheaper, always available, and high quality translation solution to disrupt the spoken interpreter market.

Speech is captured directly from the Ambassador earphone, where it is then processed and translated in the cloud. A new speech is developed and the translation is heard directly in the user's ear with minimal lag. The dramatic leap in accuracy is the culmination of major advances in multiple areas:

• artificial neural networks applied to speech recognition and machine translation
• machine learning layers allow the translation to improve as more people use the system
• digital signal processing, micro-electronic mechanical systems, and wireless technologies have matured

GIF

The language market continues to grow faster than the general economy. The language industry continues growing as it responds to challenging requirements for traditional translation and interpreting. The sector grew in 2018 despite strong economic, political, global trade, and technological anxieties. The industry has long outperformed the general economy, largely because it reflects opportunities beyond domestic markets.

source: CSA Research, "15th Annual Review of the Services and Technology Industry That Supports Translation, Localization, Interpreting, and Global Content", 2019

In addition, specific demand for professional interpreters and bilinguals is rising rapidly. In the United States alone, U.S. employers posted roughly 240,000 job advertisements aimed at bilingual workers in 2010. That figure had more than doubled by 2015, growing to approximately 630,000.

source: New American Economy, "Not Lost in Translation", 2017

We have tens of thousands of customers, sold over 40,000 units worldwide, generated $9.2M in Gross Revenues, raised $2.3+ in equity crowdfunding and have gleaned dozens of positive reviews of our product while receiving countless requests to distribute globally. We've also conducted partnership and B2B trials with major companies including: Hilton, Walmart, Disney, Amazon Fulfillment Centers, and many more.

Not to mention we have seen some impressive growth in just the first few years:

• $5.7MM in sales during the first 18 months for Pilot Smart Earbuds

• Nearly $1 MM in sales of our newest product, Ambassador Interpreter

• Partnership opportunities to distribute Pilot Smart Earbuds and Ambassador globally

Ambassador is designed around a Hardware-Enabled Services model (HardwareSaaS). Through an optional subscription service, customers are able to access deeper features custom tailored for their professional environments. This service increases the lifetime value of our customers by capturing monthly recurring revenues.

• Offline translation
• Custom vocabularies
• Saved transcripts
• and additional features

Units are sold at $199 USD and also have the potential to earn additional recurring revenues of roughly $4 - $10 user / month for access to the additional features which are ideal for professional environments. A significant portion of our customer base consists of these customers, which often purchase bulk orders, upwards of 2 - 15 orders per customer. As unit sales climb, subscription revenues compound and increase our profit margin over the life of the customer, augmenting our sales forecasts and ability to generate healthy and consistent revenues.

While there are competitors in the space, Waverly Labs has everything they don’t:

• $9.2MM in gross sales in 3 years
• 400,000 community size, which includes customers, email subscribers, and followers on social media
• Patented Technology, Trademarks, and Trade Secrets
• Our technology works on both iOS and Android platforms
• Strong Brand Recognition among Customers, Potential Customers, Press, and Media
• Positive Reviews of Pilot Smart Earbuds and Ambassador Interpreter

Of our competitors, Timekettle mainly serves Chinese markets, and Google Pixelbuds are limited to Pixel users  while lacking translation features for professional interpretation needs. Other companies which in the earbud-translation category, including Human Inc, MyManu, Doppler Labs, and Bragi, have gone out of business or similarly left the market.

Waverly Labs has been featured on CNN, CNET, TechCrunch, CBS, Forbes, BBC, and practically every major news outlet globally. Our technology has won awards from CES (the Consumer Electronics Show), the Design Museum, and praised for our cutting-edge innovation.

We won the 2020 CES Innovation Award

Founded in 2014, we developed the world's first translating earbuds, Pilot Smart Earbuds with language translation, with a record-breaking product reveal through Indiegogo, raised $4.4MM+ from over 19,000 customers. Since that time, we've been hard at work reengineering every detail of the device for professional users.

Now we introduce: Ambassador, your professional interpreter

Tailored for professional users, Ambassador's builds on our core expertise of speech recognition and language translation, using patented technology to deliver high-quality and smooth translations. As we have already begun production of the Ambassador, we are aiming to launch our subscription model and distribute our inventory online until launching our retail line, expected for 2021.

Our current team boasts over 12 years experience in the field of software engineering, speech translation technologies and wearable manufacturing, as well as growth hacking and marketing.

We've developed an innovative way of applying speech translation engines to our smart earbuds using patented technology.

• Andrew Ochoa, Co-Founder and CEO
• Sergio DelRio Diaz, Co-Founder and VP of Product
• Georgiy Konovalov, Senior Software Engineer - Mobile
• Alisher Agzamov, Senior Software Engineer - Backend
• Alexis Creuzot, iOS Developer

We started Waverly Labs out of a desire to solve a global challenge with our Pilot Smart Earbuds, and even though we knew we were working on something groundbreaking, we didn’t anticipate the level of love and support that we’ve received from our global community. It’s inspiring to know that so many people are just as passionate about breaking down language barriers as we are, and we’re thrilled to have touched so many lives.

Now as we release Ambassador Interpreter, we realize a new evolution of what’s capable with our technology as we solve the language barrier for professionals and businesses alike. Our customers still send us stories every day about how they’ll use Ambassador, like Jade who uses them on international film sets, and Wesley who runs conferences all over the world.Their support and encouragement are truly why we do this.

As an investor and evangelist, you’ll be at the cutting-edge of innovative technology that will bridge the language divide. We’ll reap the rewards of our success and build something incredible. When people ask who did it, you’ll say “We Did It”.

Join us on this journey, and together we’ll shape the future.

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