Waverly Labs Inc. | Small OPO is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$295.00 minimum investment

Waverly Labs Inc. | Small OPO

Pilot Translating Earpiece

Small OPO
Brooklyn, NY
Technology
Accepting International Investment
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$1.07MM Regulation CF Offering Fully Invested in 3 days!

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.

 

Our new 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!


CLICK HERE!

Building a World Without Language Barriers

Invest in Waverly Labs

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


 

Your Investment

Investment
$2.50/share of Series C Common Stock│When you invest you are betting the company’s future value will exceed $12.5M.


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.

 

Waverly Labs' Mission is to bridge global communications by building a world without language barriers

Meet Pilot - Our Revolutionary Product

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

Product Showcase

"The gadget straight out of science fiction has come to life."

- Mashable

 

Pilot Translating Earpiece

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.


  • Available in 15+ languages
  • Available in 3 colors (Red/White/Black)
  • Dual Noise-cancelling microphones
  • Bluetooth Technology
  • Full-Day Battery Life
  • Stable, modern & ergonomic design

Pilot Speech Translator App

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:


  • Speaking
  • Texting


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.

 

How Pilot Works

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

 

Future Products

Using our core speech translation technology, we're already working on future products that will solve similar translation challenges

Pilot Chat

Pilot Chat is a global chat messenger to translate your texts and messages with anyone in the world

Far-Field Translation

Pilot with far-field crowd translation is designed to translate everything around you, not just conversations with your speaking partner

Press




"All I can say right now is, 'Wow.'"

-CNET




 

"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."

- Forbes

 

What We've Accomplished So Far



In less than 18 months, Waverly Labs has generated more than $5.5M in gross revenues.



To date, over 25,500 units of the Pilot earpiece have been pre-sold to more than 23,000 customers through our Indiegogo campaign as well as on our e-commerce website, all of whom are eagerly awaiting our forthcoming product shipment scheduled for December 2017.

 

How It All Started

A Near Record-Breaking Indiegogo Campaign

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 Market and Industry

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.

The Team

"What separates Waverly Labs from other companies is the expertise on both hardware and software sides. I think the deep understanding of both is what creates a great product." -William Goethals, Co-Founder, VP of Manufacturing

 

Letter from the CEO

In the Press

Science Nonfiction: Instant Translators
July 1, 2017

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 Translating Earpiece: The World's First Translating Earpiece
May 1, 2017

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...

Let's Take an In-Depth Look at Current Advances in Artificial Intelligence
April 8, 2017

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 Biggest Wearable & Smart Home Crowdfunding Campaigns of All Time
September 14, 2017

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...

Waverly Labs' Translation Earpieces Go on Sale This Summer
February 28, 2017

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...

Don't Panic! $249 'BabelFish' Pilot Earphones Can Translate Foreign Languages in Real-Time
March 2, 2017

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.

Waverly Labs' Pilot Earpiece Promises to Translate Languages in Real Time
March 4, 2017

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...

6 New, Cool Travel Products You'll Want for Your Next Vacation
June 21, 2016

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...

Waverly Labs: Breaking Down Language Barriers to Improve How Healthcare Providers Deliver Care
November 30, 2016

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...

41 Companies Imagining the Future From a Brooklyn Shipyard
October 21, 2016

Waverly Labs - Translating Spanish (or French) into English instantly via real-time in-ear buds that will eliminate all language barriers...

Could Two People Use Real-Time Translation to Fall in Love?
May 25, 2016

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...

Amazing Translation Device is a Real-Life Babel Fish
May 19, 2016

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, An Earpiece That Translates Different Languages for the Wearer
May 18, 2016

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...

Can This Device Be the Universal Translator?
June 9, 2016

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...

This Earpiece Will Prevent You From Ever Being Lost In Translation Again
May 18, 2016

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...

This Earpiece Translates Foreign Languages For You In Real Time
May 19, 2016

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...

Star Trek's Universal Translator? Waverly Labs Pilot Smart Earpiece Might Be It
May 17, 2016

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...

Pilot Earbuds are Like a Real-Life, Language-Translating Babel Fish
May 17, 2016

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...

https://www.inc.com/jessica-stillman/what-to-expect-from-your-instant-in-ear-language-translator.html
September 2, 2016

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...

Offering Summary

Maximum 428,000 shares of common stock ($1,070,000)

Minimum 4,000 shares of common stock ($10,000)


Company
Waverly Labs Inc.
 

Corporate Address
19 Morris Avenue, Brooklyn, NY 11205
 

Description of Business
Waverly Labs is an innovative consumer products company at the convergence of speech translation and wearable technology.
 

Type of Security Offered
Series C Common Stock (the "Shares", or the "Securities")
 
Purchase Price of Security Offered
2.50
 

Minimum Investment Amount (per investor) 
$295.00












Perks*

$50010% off the Pilot earpiece purchased through our website

$2,500Reserved 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

$10,000Additional 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.

Irregular Use of Proceeds

The company will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$3,157,967.00 USD
$448.00 USD
Cash And Cash Equivalents
$3,038,451.00 USD
$448.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$9,000.00 USD
$9,000.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$2,213,623.00 USD
-$6,125.00 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

Our Public Offering Coming to a Close, and Shipping Commenced!

1 day ago

Hello Waverly Labs Investors and Followers,


The past few weeks have been intense, and my replies have been slow as I've been traveling overseas to prepare our first shipment, my apologies for that, however the first 4,000 units have begun shipping and will begin to arrive before Christmas! It's an exciting time for the company and an even more exciting time to join the team.

This week our public offering is coming to a close, and during the processing stage you'll receive more communications from StartEngine, who is managing our investment transactions. Once the processing stage is complete, which should be finalized next week, you'll receive your subscription agreement along with further information, such as the ability to track your shares through our electronic platform. 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.

Thanks for being patient with us as we move through the closing process. Those of you who invested the minimum to receive a free Pilot will be receiving it the first of January, and 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.


We're all excited to have you a part of the team and on this journey with us to create a world without language barriers.


Sincerely,

Andrew Ochoa

President and CEO

Notice of Funds Disbursement

3 days ago

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

Hello!

As you might know, Waverly Labs Inc. | Small OPO 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 Waverly Labs Inc. | Small OPO 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

Our Extended Offering and Updates to Your Investment!

14 days ago

Hi Waverly Investors and Followers,


Yesterday we accomplished two things: 1) We began closing this offering and processing the investments that we've received, and 2) opened up a new offering specifically for accredited investors (please see this definition of an accredited investor).

In the first 24 hours we've had great success with this new offering, and have already generated another $134,000 in new investment! This is great news for everyone a part of the Waverly Labs team, including for you our new investors. With this additional capital 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.

We understand that some of you might be confused by this new offering, but rest assured that this is in the best interest of everyone who wants to join the investor community. The terms and share price remain the same, and we'll ensure that any accredited investors who "move" their investment to the new offering will receive the same perks and bonus share opportunities.

These will be the only public offerings we allow for a while, and both offerings are closing soon, so don't miss out to own a piece of the company while you can!  As always, welcome to the team and we'll be in touch with further information as the offerings close and your investment moves through escrow.


Sincerely,

Andrew Ochoa, CEO and President

An Exclusive Opportunity for Accredited Investors to Own Stock in Waverly Labs!

15 days ago

Hi Waverly Investors and Followers,

After the amazing success of our Regulation CF public offering selling out in record time, we’ve decided to allow an even larger audience to join the Waverly Labs community and become owners of the company. We are now opening a new offering under Regulation D(c) specifically created for accredited investors!

 

We only have a limited number of shares for this new offering. Invest now so you don’t miss out!

 

We’re extremely excited to allow a larger community to join the team by extending our offering. And for the current investors in this Regulation CF offering, your investment has begun the escrow processing and you will receive further information once your investment is completed. Welcome to the Waverly Labs team as an owner!

For those who are ready to become Waverly Labs investors, you can continue to submit your investment in this offering and be put on a "waitlist" in case some of the first investors don't clear due to error or move their investment to the new offering for accredited investors. We’ll continue to keep everyone updated on our Comments and Updates section. Thanks and congratulations on joining the team that’s breaking down language barriers!

 

Sincerely,

Andrew Ochoa, CEO and President

Our First Public Offering - We Reached Our Limit!

24 days ago

Big News: We have officially sold all of our shares in this public offering!


Congratulations to all of our investors who were able to participate in our first investment round - welcome to the Waverly Labs team as an owner!

We'll continue to update our community with more news and information regarding investment opportunities, however even though we have exceed our maximum of $1.07MM in investment and sold all of our available 428,000 shares, please feel free to continue to invest through this campaign. For anyone who is late, your investment will be put on a "waitlist" in case some of the first investors don't clear due to error.

This has been a tremendous experience and everyone at the company is extremely thrilled to have all of you joining our team. Thanks and we'll keep everyone updated over the next fews days as we close the round.


Sincerely,

Andrew Ochoa, CEO and President

Waverly Labs - Our Public Offering Day 3!

24 days ago

Hi Waverly investors!

It's the end of Day 3, the final day before we announce our public offering to the general public. In just 3 days we've raised $900,000+ in investment from over 783 investors. Our community of investors and owners is growing quickly - welcome to the team everyone!

By tomorrow morning we expect to be completely sold out of the company's first public stocks. If you've been waiting to purchase shares, this is your last opportunity to become an investor and owner of one of the hottest tech startups at the cutting-edge of innovation. Invest now so you don't miss out!

Thanks everyone, we’re excited to have you a part of our team. When the investment round closes, we'll begin the process of sending you further information as a new investor. And if you haven’t yet, don’t miss the opportunity to own a piece of Waverly Labs, the company that is creating a world without language barriers.


Sincerely,

Andrew Ochoa, President and CEO

Waverly Labs - Our Public Offering Day 2!

25 days ago

Hi Waverly investors!

It's near the end of Day 2 after launching our first public offering yesterday and we've already raised $564,000 in investment from over 462 investors. Welcome to the team! We're so excited to have you join us on this journey and for you to have the opportunity to be investors and owners of our company.

We're almost sold out of the shares we made available, and soon we'll release the remaining shares to the general public, so don't miss the opportunity to join us and own the future of translation technology while you can! Also, we still have bonus shares available based on your investment size, so be sure to secure those additional bonus shares while they're available!

And for our UK and Canadian residents who are having difficulty in purchasing shares of Waverly Labs Inc, please be aware these are restrictions set by the UK and Canadian government but we are still working to find a solution. If necessary, you can direct any questions on this topic directly to StartEngine at contact@startengine.com.

Thank you again for your support and we’re thrilled to have you a part of our team. And if you haven’t yet, don’t miss the opportunity to own a piece of the company that is creating a world without language barriers.


Sincerely,

Andrew Ochoa, President and CEO

Waverly Labs - Our Public Offering Day 1!

26 days ago

Hi,

This morning we launched our first public offering, and we're incredibly humbled to have over $238,000 in investment and over 185 new investors joining us on this journey to break down language barriers. As an investor, you’ll be at the cutting edge of technology and able to reap the rewards of our success along with us.

Our shares are limited and we’ve already sold many of the shares we had available. Don’t miss the opportunity to join this thrilling company as an early investor and evangelist. Also, we have bonus shares based on your investment size, which are outlined on our investment page. Be sure to secure those additional bonus shares while you can!

Lastly, we’re aware that some UK and Canadian residents are having difficulty in purchasing shares of Waverly Labs as a US company. We would love to accept investment from everyone, however both the UK & Canadian governments restrict their residents from participating in a U.S. securities offering and this is unfortunately out of our control. We are working with StartEngine to find a solution, however if you have any questions on this topic then please contact StartEngine directly at contact@startengine.com. 

Thank you again for your support and we’re thrilled to have you a part of our team. And if you haven’t yet, don’t miss the opportunity to own a piece of the company that is creating a world without language barriers.


Sincerely,

Andrew Ochoa, President and CEO

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