About this raise

Epilog, with a valuation of $60.06 million, is raising funds on StartEngine. The technology company has developed a digital vision technology with image quality similar to that of human eyes. Epilog’s technology finds use in queue management, remote inspection, and driver assistance. Epilog has a strong IP position with nine patents granted and software, optics, and robotic flow ready-to-scale manufacturing. The company is in the process of manufacturing its first 1,000 units to start selling in 2024. Michael and Lance Mojaver founded Epilog in June 2010. The current crowdfunding campaign has a minimum target of $14,998.50 and a maximum target of $4.7 million. The campaign proceeds will be used for development, marketing, research and development, company employment, operations, and inventory.

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Investment Overview

Invested this round: $303,683

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
03/05/2024
Close Date
09/03/2024
Min. Goal
$14,999
Max Goal
$4,687,025
Min. Investment

$200

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.03

Pre-Money Valuation

$60,060,148

Company & Team

Company

Year Founded
2010
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
San Jose, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Michael Mojaver
Title
CEO
Founder Name
Lance Mojaver
Title
CTO

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$84,120
 Runway
9.8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,009,439

$-1,062,326

Summary Balance Sheet

FY 2023 FY 2022

Cash

$820,311

$1,256,284

Accounts Receivable

$20,000

$0

Total Assets

$1,422,013

$1,612,120

Short-Term Debt

$515,419

$456,809

Long-Term Debt

$0

$0

Total Liabilities

$515,419

$456,809

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,976,855
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/03/2024 StartEngine $60,060,148 $303,683 Equity - Common Funded RegCF
02/24/2024 Republic $46,677,978 $0 Equity - Common Not Funded RegCF
04/03/2023 StartEngine $53,075,623 $492,851 Equity - Common Funded RegCF
12/19/2021 StartEngine $21,200,000 $3,703,426 Equity - Common Funded RegA+
03/21/2021 StartEngine $21,200,000 $135,377 Equity - Common Funded Test the Waters
06/26/2020 StartEngine $9,200,000 $1,069,999 Equity - Common Funded RegCF
12/13/2019 SeedInvest $10,000,000 $923,187 Convertible Note Not Funded RegCF / RegD 506(c)
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Epilog on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $60,060,148
Price per Share: $3.03

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