Overview

Raised to Date: Raised: $664,963

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/22/2023

Close Date

07/31/2023

Min. Goal

$9,997

Max. Goal

$1,234,999

Min. Investment

$328

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$3.28

Pre-Money Valuation

$32,800,000

Rolling Commitments ($USD)

Status

Funded

Reporting Date

08/05/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$3,518

# of Investors

213

Momentum

Funded

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TransSiP

Year Founded

2014

Industry

Business Services, Software, & Applications

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Irvine, California

Business Type

Growth

Company Website

TransSiP, with a valuation of $32.8 million, is raising funds on StartEngine. It is a semiconductor manufacturing company that enables devices to maximize their performance while saving power. The patented TransSiP PI noise reduction technology helps to provide higher power savings, accuracy, and signal clarity. The company has sold over two million chips and has maintained a positive cash flow since 2019. Desmond Wong founded TransSiP in February 2014. The current crowdfunding campaign has a minimum target of $9,997.44 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$437,012	$329,454
COGS	$202,007	$159,853
Tax	$1,154	$1,004
Net Income	$105,999	$101,224

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$4,652	$110,196
Accounts Receivable	$102,960	$9,315
Total Assets	$214,660	$123,561
Short-Term Debt	$9,939	$33,322
Long-Term Debt	$137,222	$128,738
Total Liabilities	$147,161	$162,060

Financials as of: 01/22/2023

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TransSiP Founder Desmond Wong on Breaking Through Signal Noise

Computers and other electronic systems often encounter “signal noise” — unwanted interference that weakens a communications signal. Signal noise can make electronics more unstable and less energy-efficient.

TransSiP aims to solve this problem with its patented chipset, TransSiP PI. Its noise filtering capabilities make batteries last longer, speed up processing power, and allow for more accurate data. KingsCrowd interviewed TransSiP founder Desmond Wong to learn more about how the company acts as an accelerator to trillions of chips in the semiconductor industry.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview