On Friday, November 17th, we launched our first public offering for advocates and members of our community to become investors in our company. Within 3 days we had reached the maximum investment amount under Reg CF of Title III of the JOBS Act! Now we're excited to open up a second opportunity to have even more of our community along with us for the journey.
This Reg D(c) offering is specifically designed for accredited investors. Don't miss your opportunity to join the team at the forefront of translation technology and breaking language barriers!
Waverly Labs is an innovative consumer products company at the convergence of speech translation and wearable technology.
We've successfully developed, pre-sold, and began manufacturing of Pilot Translating Earpiece.
Using the latest technologies in speech recognition, machine translation and the advances of wearable technology, our smart earpiece allows wearers to speak different languages but still clearly understand each other. Simply put, when one person speaks, the other hears it in their language.
Science fiction has called it many things, but we call it Pilot.
Combined with our Pilot Speech Translator App, the Pilot Translating Earpiece is a wearable instant translator.
Pilot's near record-breaking crowdfunding campaign speaks to the market interest in this revolutionary product that opens up global communication in a whole new, intuitive and natural way.
Invest in Waverly Labs, creators of what we believe is the most advanced communication wearable on the market today.
Well-positioned with cash-on-hand of $2.1M to cover manufacturing costs of 27,000 units and fulfill our preorder sales, the capital raised from this campaign will be used to hire additional developers to focus on more advanced speech translation challenges, as well as focus on partnership and retail strategies.
- Waverly Labs Co-Founder & CEO Andrew Ochoa
Investment
$2.50/share of Series C Common Stock│When you invest you are betting the company’s future value will exceed $15M.
Perks*
$500+ 10% off the Pilot earpiece purchased through our website
$2,500+ Reserved Pilot earpiece in your color choice of red, black, or white
$5,000+ Additional 5% bonus shares & reserved Pilot earpiece in your color choice of red, black, or white
$10,000+ Additional 10% bonus shares & reserved Pilot earpiece in your color choice of red, black, or white
*Current customers of the Pilot earpiece, prior to the launch of our Reg CF investment campaign, automatically qualify for 10% bonus shares upon an investment of $5,000 or more. Perks and bonus shares are not compounded for current customers. All perks occur after the offering is completed.
Choose a life untethered and never be lost-in-translation again. Pilot Translating Earpiece instantly translates between users speaking different languages. Pilot provides an end-all translation solution to international professionals, travelers and anyone otherwise faced with a language barrier that prevents communication from being possible.
Languages available include: Arabic, English, French, German, Greek, Hindi, Italian, Japanese, Korean, Mandarin Chinese, Polish, Portuguese, Russian, Spanish, Turkish
The Pilot Translating Earpiece translates between users speaking different languages. A 2nd earpiece is included for sharing, so you can speak to the other person. When not translating, the two earpieces can also be used to listen to music and make and receive calls.
The Pilot Speech Translator App is used to select the languages for the Pilot earpiece. It allows users to translate between languages in two ways:
Users select the source language and the target language. If the source language is not supported by speech recognition, a keyboard will appear to type the words or phrase.
Pilot uses the latest advances in speech recognition, machine translation and wearable technology to allow two users to speak without language barriers. The earpiece and translation system is a conversation system, therefore it is designed for two people.
PILOT EARPIECE
Using specially designed noise-cancelling microphones, the Pilot earpiece recognizes speech and filters out ambient noise
PILOT APP
The Pilot App then uses speech recognition, machine translation and speech synthesis to translate what was spoken
PILOT EARPIECE
The second Pilot earpiece plays the newly translated speech for the other person
Using our core speech translation technology, we're already working on future products that will solve similar translation challenges
Pilot Chat is a global chat messenger to translate your texts and messages with anyone in the world
Pilot with far-field crowd translation is designed to translate everything around you, not just conversations with your speaking partner
Our near record-breaking 2016 crowdfunding campaign raised $4.4M and surpassed our intended goal by 3181% with over 19,000 backers.
This led to over 19,000+ pre-orders. Immediately after the raise, we released an early version of the Pilot Speech Translator app, produced demos at Mobile World Congress and much more.
Now, as we enter the next phase of our business, we look to expand our community even further. We've come a long way since the product was first introduced to the world; whether you were a fan from the Indiegogo days, or are just now finding us, we trust you'll see the progress that Waverly Labs has made.
The global market for language services is massive, and is expected to surpass $45B annually by 2020 (Common Sense Advisory research firm).
Colleagues, professionals, travelers, and even loved ones are often faced with the difficulty of trying to speak with one another while faced with the language divide. It’s a great global challenge, and Waverly Labs is at the forefront of it.
Significant Market Finding
Language barriers are a constant problem within our rapidly globalizing society.
As globalization soars, language barriers will continue to be a global challenge.
Our customers span all walks of life, from the school teacher who needs to speak to the parents of her students, to the coffee buyer who needs to speak with his farmers in Central America.
Click Here to View the Private Placement Memorandum
Hitchiker's Guide to the Galaxy stoked our imaginations with the babel fish—a strange biodevice that bestowed its wearer with universal language translation across the galaxy. Back on earth, Waverly Labs has finally made Douglas Adams' daydreams a reality with The Pilot...
The Pilot earpiece translates between users speaking different languages. It currently works with 15 different languages but can be updated with more. It uses two microphones for noise cancellation and translates simultaneously without interruption...
The ability to use a phone or an earpiece to translate spoken language in real time would be one of the most powerful achievements in recent human history. Waverly Labs has already done this with their Pilot earpiece system...
The real-time translation smart earpiece sits inside of your ear (obviously) and features a microphone to capture audio from the person you're speaking to. It also uses speech recognition and machine translation to translate a host of different languages...
The great thing about it is that, according to Waverly Labs, is that you don't need both earpieces for the full effect. You can hand one over to another person, meaning you should be able to converse without knowing each other's native tongue...
If trying to order dinner or find your hotel abroad fills you with fear due to your abysmal grasp of foreign languages, don't panic. A new in-ear gadget claims to be able to translate speech like the Babel Fish in The Hitchhiker's Guide to the Galaxy, or the Universal Translator gadget in Star Trek.
Acting in a similar manner to The Hitchhiker's Guide to the Galaxy's babelfish or Star Trek's Universal Translator, startup company Waverly Labs' Pilot earpiece sits in the ear to translate spoken foreign languages to the wearer...
The Pilot ($249- 299) by Waverly Labs is another communication barrier eliminator being launched on Indiegogo to arrive later this year. It’s an in-ear translation bud that works offline, and comes in pairs of earpieces for both conversational participants...
Language barriers in healthcare lead to poor patient satisfaction and reduced health outcomes. Healthcare providers and patients experience frustrations on a daily basis with how to communicate more effectively. Pilot may have the ability to change that forever...
Waverly Labs - Translating Spanish (or French) into English instantly via real-time in-ear buds that will eliminate all language barriers...
Waverly Labs’s Pilot is a remarkable invention that could change what it means to be a student, tourist, immigrant, and refugee. It could allow for more substantive engagement with the world. It could even lead to love...
The small device with the potentially huge implications for worldwide communication, that we first came across at Laughingsquid, looks less noticeable than a normal Bluetooth earpiece, and uses “latest technologies in speech recognition, machine translation, and wearable tech"...
The Pilot by Waverly Labs is an earpiece that translates a foreign language for the wearer, allowing two people to hold a conversation while speaking different languages. The Pilot is similar to the babel fish from The Hitchhiker’s Guide to the Galaxy...
The earpiece takes speech in one language, passes it through a language translation smartphone app, and then sends the translated speech to the second user’s earpiece. The app consists of speech recognition, machine translation and speech synthesis components...
The stuff of science fiction fantasy means reality in this smart earpiece language translator called Pilot, which adapts the latest in speech recognition, computer translations, and wearable technology to allow users to converse without language barriers...
his earpiece is a real smooth talker. Waverly Labs has created a device called The Pilot System, which translates English, French, Spanish and Italian in real time...
The Waverly Labs Pilot is as close as I’ve seen to the Universal Translator I was promised by Star Trek when I was a kid. Two Bluetooth earbuds, one in your ear, one in your other-language-speaking counterpart, let you communicate almost normally, just by speaking your own language...
The Pilot is the world's first language-translating earpiece. It works in pairs, meaning you wear one earpiece and the person you're speaking with wears the other. From there, your speech will be translated almost immediately to the other wearer's language, which they'll hear in their earpiece...
Following years of machine translation breakthroughs by the likes of Google and Skype, a few months back, a company called Waverly Labs created a media firestorm by promising the imminent arrival of a $299 device that provides instant, in-ear translation for English, French, Spanish and Italian...
Hello 2018 and Our Investors!
Hi all! It’s been a month since our last update and we appreciate everyone being patient as we celebrated the 2017/2018 holidays, attended CES, and have been in the middle of shipping. We have some big announcements to share here:
First of all, the first disbursements have begun, and those of you that were included in that disbursement have received your Subscription Agreement. How exciting! If your investment hasn't yet gone through the accreditation or verification stages, I'll be contacting you soon to help facilitate the final steps so we can officially add you to our register and proceed with your investment next week.
Secondly, in our last update we announced that shipping commenced in December! Only about 15% of our units were shipped out, and unfortunately we had a delay in Hong Kong for our second shipment in early January, but the next batch of 10,000 units is shipping this week to our customers, with another 13,000 units shipping the first week of February. For those of you that qualified for a free Pilot, you’ll be receiving your tracking number asap! Thanks for being patient here.
Also, we’re announcing a partnership with Hilton to begin testing the Pilot earpiece within their hotels! It’s extremely exciting to have such a huge partnership like this commencing and we’ll keep everyone updated on the first trials. You can read the press release here (http://newsroom.hilton.com/index.cfm/news/hilton-launces-incubator-to-fasttrack-guest-innovations) with additional news in the USA Today (https://www.usatoday.com/story/travel/roadwarriorvoices/2018/01/08/hilton-experiments-hotel-room-future/986738001/).
Lastly, we’ll be moving our investors to an online platform that will allow us to securely send out your electronic shares and certificates, ensure SEC and IRS compliance, and allow you to track your investment and communicate directly with the team about your issuance. We are in the middle of the migration and investors will be receiving notices within 1-2 weeks.
As always, we’re excited to have you on the team that is breaking down language barriers!
Sincerely,
Andrew Ochoa
President and CEO
Hello Waverly Labs Investors and Followers,
As we're coming to the end of December and into the holidays, I wanted to express how fortunate we are to have such a wonderful and committed investor community along with us on this journey to break down language barriers. Together we are truly doing some magical.
The past few weeks have been intense, and my replies have been slow as I've been traveling overseas to prepare our first shipment, however the first 4,000 units have began shipping and are expected to arrive over the next few days. It's extremely exciting to be able to deliver the first translating earpieces into the market, and there is so much more to come.
Before the end of the month our public offering will come to a close, and you should begin receiving more communications from StartEngine, who is managing our investment transactions. Once that commences and is finalized, you'll receive your subscription agreement along with further information, such as your e-shares certificates. We'll also add you to our exclusive investors-only communications to be kept aware of important announcements, including product releases, partnerships (we have a BIG announcement upcoming), and future offerings.
If you have not completed your accreditation or finished sending your payment, please do so immediately so your investment is secured before we close our offering. Those of you who invested the minimum to receive a free Pilot will be receiving it the first of January. Be sure to keep updated with other general company information by navigating to our blog on our website, where you can read our newest post with photos and more information about our first shipment.
Merry Christmas and Happy Holidays! We're all excited to have you a part of the team.
Sincerely,
Andrew Ochoa
President and CEO
Hi Waverly Investors and Followers,
It's Day 2 of our Reg D(c) investment offering for accredited investors and we more than doubled our commitments from Day 1. As of now we have received over $317,000 in investment and commitments in this offering! (the total amount raised will appear on the offering homepage once it moves through the verification process)
With the capital from our original offering on November 17th which raised the maximum of $1.07MM, this puts us at a total of $1.387MM! It's great news for every stakeholder of the company. With the additional capital we can accelerate our R&D, sales and marketing, and maintain our competitive advantage. Keep in mind that if you are an accredited investor who tried to participate in the first offering, the terms and share price remain the same, including perks and bonus share opportunities.
It's great to have such a passionate investor community joining us. We'll continue to communicate as the offering progresses. Don't miss out while shares are still available!
Sincerely,
Andrew Ochoa, CEO and President
Hi Waverly Investors and Followers,
Yesterday was the first day of this new offering by Waverly Labs specifically designed for accredited investors, and in the first 24 hours we've received over $134,000 in investment and commitments! (although the amount raised doesn't appear immediately on the offering homepage, it will begin to populate in a couple of days after the investments move through the verification process) This is great news for everyone a part of the Waverly Labs team, including for you our new investors.
With this capital, along with our first offering which we launched on November 17th and raised the maximum of $1.07MM, we will be able to accelerate our research and development, as well as increase our sales and marketing efforts, to maintain our competitive advantage in this new market. And if you are an accredited investor who tried to participate in the first offering, rest assured that the terms and share price remain the same, including perks and bonus share opportunities.
Welcome to the team everyone! It's great to have such a passionate and encouraging community along with us on this journey to break down language barriers.
Sincerely,
Andrew Ochoa, CEO and President
