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TRANSSIP

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TransSIP, Inc.

Software & AI · Irvine, CA · Founded 2014

Semiconductor manufacturing company solving a fundamental problem in digital electronics

Post-money valuation ⓘ
$33.5M
As of Jul 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$647,496
Crowd $638K · Private $9K · 2 rounds since 2020
Latest share price
$3.28
Reg CF · Common Stock · Feb 2023 offering price

Financials

FY2020–FY2022 · from SEC filings · hover any figure for its source
$329K
$101K
2020
$441K
$111K
2021
$120K
−$105K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$329,454
$440,857
$119,642
Cost of goods sold
$159,853
$202,007
$73,705
Gross margin
51%
54%
38%
Net income
$101,224
$110,833
-$104,529
Taxes paid
$1,004
$10,501
$4,032
Balance sheet
Cash
$110,196
$104,550
$53,747
Accounts receivable
$9,315
$106,800
$0
Total assets
$123,561
$218,400
$70,847
Short-term debt
$33,322
$74,522
$39,995
Long-term debt
$128,738
$62,700
$62,700
Total liabilities
$162,060
$137,222
$102,695
Other
Headcount
—
1
1

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$32.8M
pre-money
Reg CF · Common · Feb 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

log scale
$3.28$0.0573$0.001
Oct 2020Feb 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Raised $638.5K / $1.2MInvestors 213Post-money $33.5M

Team

5 people
Desmond WongFounder
CEO, Founder, CTO and Chairman of the Board

Chih Wei Wong, also known as Desmond in business circles, is the founder and CEO of TransSiP. He has over 30 years of experience in the semiconductor industry and held various leadership roles in product management, sales, advanced technology development, and business development at companies such as Hong Kong Productivity Council, Rockwell, Conexant, Skyworks (NASDAQ: SWKS), Brunswick New Technology, Navman Wireless, and Telit (LSE: TLIT). Wong holds six patents and is the recipient of numerous industry awards, and a recognized expert in GPS and 3D-SiP. In 2016, Wong's discovery of Switching Noise Jitter (SNJ) led to the development of the integrated circuits business of TransSiP. In addition, it earned him a nominated Innovator of the Year by UBM Annual Creativity in Electronics (ACE) Awards. When he's not working on his next invention or helping customers develop their products, Wong enjoys spending time with his kids and indulging in gardening and technology hobbies.

William (Bill) Burr
COO & Board Member

Bill has 30+ years of experience as a C-level executive and mentor in the microelectronics industry. Former President of the European Institute for Printed Circuits (EIPC) and Vice-Chairman of the European Federation for Interconnection & Packaging and currently Distinguished Fellow with the Institute of Circuit Technology (UK), Bill graduated in 1974 with specialities in oceanographic and microelectronic engineering. After several years in Hawaii, Japan and the United States, Bill accepted the position of Technical Director of an Italian SME, becoming a partner in a subsequent MBO and introducing innovations that contributed to a turnover of over $120 million while developing technologies together with Japanese partners that contributed to the cellular/mobile computing revolution. At home in the boardroom and factory floor, Bill’s hands-on experience has guided development of TransSiP’s innovative approach to microelectronic packaging. Holder of black belts in three martial arts, Bill’s approach is pragmatic and goals driven. An active investor and founder/director of enterprises ranging from Digital Creative to Life Coaching, Bill continues to closely monitor emerging technologies and, when not doing all that, keeps fit training, and managing a mountainside property in Italy’s Valtellina. He also plays a pretty decent country & western acoustic guitar.

Mabel Wong
Treasurer, Secretary, Board Member

Lui (Mabel) is a mother of three who has been a supportive force to her husband, Desmond, as he works to establish TransSiP. In 2014, she encouraged him to begin the company research collaboration with Dai Nippon Printing on Metamaterials. Lui studied at the Hong Kong Polytechnic and graduated in 1992 with specialties in Mathematics and Computer Science. In addition, she is experienced in luxury goods wholesaling, having worked at Cartier (Hong Kong), and founded a prestige preschool and ballet dance school in a Class A Shopping Mall in Hong Kong. Lui’s experience in various fields has made her an invaluable asset to Desmond and TransSiP.

Nick Pearne
Director & Board Member

Nick has 40+ years of experience as a company founder and mentor in the microelectronics industry. Nick graduated in 1970 at the University of Manchester. After initial grounding in Patent Law and experience around the globe, Nick shared in the foundation of BPA (technology) which was recognised as a leading Technology/Market consultancy in microelectronics World Wide. Nick, who was primarily involved in the promotion of BPA activities, developed close contacts with leading microelectronics companies in Europe, USE and Japan as well as close interaction with international trade organizations around the World. More recently he founded Selling Technology Limited an international marketing organization with clients among the major electronics OEMs along with equipment and materials suppliers world wide. Nick’s close industrial experience has guided TransSiP’s innovative approach to microelectronic packaging and been instrumental in creating the Company’s market position.

William Burr
Board Member

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 4 annual reports (FY2022–FY2025)

213 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-TRMar 25, 20240001665160-24-000261
    EDGAR
  • Form C-UOct 16, 20230001665160-23-001852
    EDGAR
  • Form C-UAug 1, 20230001665160-23-001589
    EDGAR
  • Form C/AMay 24, 20230001665160-23-001294
    EDGAR
  • Form C/AApr 26, 20230001665160-23-000852
    EDGAR
  • Form C-ARApr 24, 20230001665160-23-000716
    EDGAR
  • Form C/AMar 20, 20230001665160-23-000438
    EDGAR
  • Form CJan 23, 20230001665160-23-000123
    EDGAR
Source: ManualCIK 0001960351CAShare price $3.28

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.