Waverly Labs

Over-the-Ear Interpreter

Waverly Labs

Over-the-Ear Interpreter

Brooklyn, NY
Consumer Products
Waverly Labs makes Ambassador: an over-the-ear interpreter designed to solve the language barriers in global business and commerce.

$954,485

raised
673
Investors
$40M
Valuation
$8.86
Price per Share
$496.16
Min. Investment
Common
Shares Offered
Equity
Offering Type
$10M
Offering Max
Reg A+
Offering

$954,485

raised
673
Investors
$40M
Valuation
$8.86
Price per Share
$496.16
Min. Investment
Common
Shares Offered
Equity
Offering Type
$10M
Offering Max
Reg A+
Offering

Rewards

Get rewarded for investing more into Waverly Labs:

$1,000+
Investment
Discount Tier
Invest $1,000+ and receive 50% off the retail price of one Ambassador Interpreter (cannot be combined with other discounts)
$2,500+
Investment
Ambassador Tier
Invest $2,500+ and receive one free Ambassador Interpreter in your choice of available colors
$5,000+
Investment
Bonus Tier
Invest $5,000+ and receive 5% bonus shares and one free Ambassador Interpreter in your choice of available colors
$10,000+
Investment
VIP Bonus Tier
Invest $10,000+ and receive 10% bonus shares and one free Ambassador Interpreter in your choice of available colors

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


“Waverly Labs is an innovative voice and language products company at the convergence of speech translation and wearable technology”

A world without language barriers

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

Professional interpreters are costly

$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

Introducing: Ambassador Interpreter

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.

How It Works

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 estimated global interpretation and translation market is $49.6B

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

$9.2MM in worldwide sales and $2.3M in investment

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

Hardware and recurring revenues

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.

A market leader

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.

Press, Media, Awards, and Accolades

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

Roadmap to launching our retail line

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.

Speech translation expertise meets growth hacking and marketing

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

A letter from our CEO

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.


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.

In the Press

C/NET
January 1, 2017

The futureofaugmented reality might be in your ear

BBC
January 1, 2017

A machine to break down all language barriers

Mashable
January 1, 2017

Instant translation earbuds aim to bring one of the best 'Hitchhiker's Guide' inventions to life

Updates

Q4 2020 Sales Numbers Are In!

10 days ago

In late Q3 2020, we entered production for our new flagship product, Ambassador Interpreter, after nearly two years of engineering and patenting.


We are happy to report we are already seeing early signs of success. In Q4 2020, we saw our sales increase by about 40% compared to Q3 2020, and in just a few months since production began we’ve hit over $374,000 in gross sales, with lifetime cumulative gross sales of nearly $1.1MM!


Now, we're starting to see customer sales inquiries compound as organizations have begun contacting us for larger order requests, with a lot of interest from education, healthcare, and various small businesses across the spectrum of industry.


It was a fantastic end to a tumultuous year, and we're just getting started! We’re moving fast!



We just shared the Q4 2020 shareholder report to our new investors, with full details and privileged information on upcoming company plans and other progress.


If you’ve been waiting, now is the time to make an investment and secure your shares in Waverly Labs Inc., developers of the award-winning and patented Ambassador Interpreter.


Thanks everyone for becoming a part of our journey!


All the best,

Waverly Labs Team

Half a Million!

about 1 month ago

Our Reg A+ offering is off to a phenomenal start, and we just crossed $500,000 in investment in only 10 days! Thank you to our shareholders, brand ambassadors, and followers for helping us cross this milestone; it’s incredibly encouraging to see so many people joining us as investors on this journey.


(from left to right: Georgiy, Sergio)


We’re using this investment to scale our production, with roughly 3k units produced in January, another 4k units already in production for February, and a larger order being prepared for the spring. We’ll also begin scaling our team with a few crucial hires, such as a VP of Marketing, hardware engineering roles, and additional software developers as we begin to expand our voice translation services for virtual and remote environments.


If you’ve been waiting, now is the time to make an investment and secure your shares in Waverly Labs Inc., developers of the award-winning and patented Ambassador Interpreter.


And by the way, if you missed our last update then watch our new tutorial videos and see the Ambassador Interpreter in action:


https://youtube.com/playlist?list=PL-5MppZgl8cs2bCvOylUs6JJxzhJvREAr


Thanks everyone for becoming a part of our journey!


All the best,

Waverly Labs Team


This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view Waverly Labs offering circular as well as the risks associated with this offering.

Product Updates and Welcome to Our New Shareholders!

about 1 month ago

It’s been a great first week of investments in our new offering, and we’re excited to welcome our new shareholders to our cap table. We’ll soon be adding them to our regular internal communications for shareholders, including quarterly reports. Welcome!


In addition to that, we have some new tutorial videos that are going into circulation with our community, customers, and general audience. We’re also adding them to this campaign page for everyone.


https://youtube.com/playlist?list=PL-5MppZgl8cs2bCvOylUs6JJxzhJvREAr


Creating these new videos and other assets are a part of our growth strategy as we begin scaling our award winning and patented Ambassador Interpreter.


Thanks everyone for becoming a part of our journey!


All the best,

Waverly Labs Team


This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view Waverly Labs offering circular as well as the risks associated with this offering.

Over $315,000 Raised in just 2 days!

about 1 month ago

We are blown away by the response and interest with the launch of our Reg A+ investment offering. Thank you to our new investors, helping us raise over $315,000 in just 2 days!



We plan to use this investment to begin scaling our award winning and patented technology around Ambassador Interpreter. As an investor and evangelist, you’ll be at the cutting-edge of innovative technology that will bridge the language divide. When people ask who did it, you’ll say “We Did It”.


We’re thrilled to have you on this journey with us, and together we’ll shape the future.


This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

The wait is over ... Waverly Labs’ Regulation A+ Offering is officially LIVE on StartEngine!

about 2 months ago

Now is your chance to invest in an innovative voice and language company at the forefront of translating earbuds and technologies. This is our most ambitious investment offering to date as we plan to scale with our new patented and award-winning technology.



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


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


This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view Waverly Labs offering circular as well as the risks associated with this offering.

6 Weeks and Over $650k Shares Reserved, plus BONUS SHARES now available and we’re about to Launch!

about 2 months ago

Hi everyone!


The response has been incredible everyone, and in 1-4 days we plan to open up our investments! But first, we have something very exciting to announce - we now have BONUS SHARES available!



With a minimum investment of $496.16, current shareholders will automatically qualify for bonus shares and other perks, and new shareholders will qualify for perks and other bonus shares with a minimum of a $1,000 investment. This includes up to 20% more shares and other perks!


If you've been waiting, now is the time to make your reservation to be first in line once we open up investments. We expect to begin taking investments imminently and previously our shares have sold out in a matter of days, so don't wait!


All the best,
Andrew Ochoa
CEO


Please note - "Reserving” shares is simply an indication of interest. There is no binding commitment for investors that reserve shares in this manner to ultimately invest and purchase the shares reserved of the company, or to purchase any shares of the company whatsoever.

3 Weeks and Over $450k Reserved!

2 months ago

Hi everyone,


It's great to see this many people have already made reservations for our biggest investment campaign. We haven't even begun taking investments and the response has already been fantastic.



Once we begin taking investments, we plan to quickly begin ramping up production and staffing as we move from seed to growth stage ahead of 2021. The response for Ambassador Interpreter has been incredible so far - in a matter of weeks we already sold out of the first batch of a few thousand units, our Q4 sales over Q3 have increased over 51%, and we've not even done with the quarter! We quickly went back into production for the next batch of units which will be ready in a couple of weeks, and we have more information coming soon so make sure to stay tuned.


It's time to throw some fuel on the fire!


If you've been following the campaign, now is the time to make your reservation to be first in line once we open up investments. Previously our shares have sold out in a matter of days, so don't wait!


Thanks again for joining us on this journey-- stay tuned as we continue to share some exciting progress we have made.


All the best,

Andrew Ochoa

Back with our biggest raise to date!

3 months ago

Hi everyone,


Since our last raise on StartEngine, we have been working tirelessly to reinvent the Waverly technology to build our Ambassador Interpreter-- our award winning and patented translating technology.



As we continue to make progress towards our crazy vision of a world without language barriers, we are excited to announce our biggest raise yet-- a $10M Regulation A+ offering on StartEngine


We have just launched our Test the Waters campaign which allows you to reserve shares in the round


Thanks again for joining us on this journey-- stay tuned as we continue to share some exciting progress we have made.


All the best,

Andrew Ochoa

Show More Updates End of Updates

Comments ({{profileCtrl.startup.comments_count}} total)

{{profileCtrl.newComment.body.length}}/2500
Please sign in to post a comment.
{{ profileCtrl.commentsLoading ? 'Loading...' : 'Show More Comments' }}