The Microelectronics Inspection Platform

"The USAF Research Laboratory determined his malfunctioning DRS contained six suspected counterfeit Metal-Oxide Semiconductor Field-Effect Transistors (MOSFET), three suspected counterfeit serial flash memory chips, and a suspected counterfeit parallel flash memory chip."

- Air Force Times (Sep '22)

Like in this F-16 pilot's failed ejection seat.

Counterfeit microelectronics make it into our nation's most safety-critical systems

The Open Market is the primary source

The Open Market is critical
for sourcing chips that are lower cost, faster lead time, or simply unavailable elsewhere.

High-reliability needs the Open Market
when single-source supply chains fail¹, especially for obsolete parts commonly used in aerospace and defense.

More scalable inspection is required
to catch $75B of counterfeits² as the aerospace industry and reliance on chips for critical infrastructure grows.

¹ AI for the Physical World, a16z (2024)

² Combating Counterfeit Chips, Semiconductor Engineering (2020)

The Open Market (or Gray/Secondary Market) is flooded with chips from overseas that are unknowingly recycled, refurbished, cloned, damaged, and remarked with higher specifications (e.g. military grade).

Distributors

Open Market

PCB Assembly

2+ week leadtime

3P Test Labs

Today, distributors outsource quality assurance

Microelectronics distributors generally do not perform much of AS6171 counterfeit mitigation testing due to subject matter expertise required for designing and executing each unique electrical test.

$200M per year

Automated, AI-driven inspection

for in-house authentication

of critical microelectronics

Our Approach

Distributors

Open Market

PCB Assembly

Same day

3P Test Labs

$200M per year

Chiplytics Microelectronics Inspection Platform (MIP)

Runs Power Spectrum Analysis (PSA), a rapid, generalized electrical test that detects subtle anomalies between parts

Turnkey automated electrical and visual inspection that handles high volumes and varieties of microelectronics

Chiplytics Power Spectrum Analysis (PSA)

Our Products: thorough inspection, 10x faster

MSRP: $25k (90% PM) | Sockets: $500 / part number

MSRP: $5k Setup Fee (50% PM) | Software: $500 / part number

PSA is a novel electrical test developed at Sandia National Labs that extracts a unique response from a non-invasive stimulus, revealing subtle anomalies that traditionally go undetected.

Advantages

Fast, non-invasive, and data-driven enables scalable 100% electrical test coverage
Can detect differences in manufacturers, performance, and degradation
Chiplytics hardware is lower cost, more repeatable, and smaller form factor compared to Sandia's equipment
Chiplytics software enhances automation and scalability of data acquisition
Chiplytics provides low lead-time Quickturn Sockets to interface with any package type

Products | Chiplytics PSA

Quickturn

Socket

Available to ship

Cloud-based Electrical Testing

Runs PSA as well as standard electrical tests (SAE AS6171)

Products | Chiplytics MIP

Automation and Computer Vision

Enables thorough, user-friendly high volume inspection

Socketless Electrical Interface

Achieves same-day turnaround, even for complex packages

MVP ships Sept '24

Functional Prototype (V3)

Chiplytics enables in-house AS6171 inspection for microelectronics distributors

instead of shipping parts between third-party test labs.

Beachhead: counterfeit mitigation (SAE AS6171)

$545B

Original Component Manufacturer (OCM)

$10B

Authorized Distributors Trusted Supply Chain

$192B

Counterfeit Mitigation ($200M)

Programming

ISO Standards

Up-screening

Independent Distributors

Open Market

Microelectronics Quality Assurance

2025

Two more Chiplytics PSA Systems sales - $50k
Applying for AFWERX TACFI funding - up to $2M match against private funding

2024

Air Force Phase II STTR selected - $1.8M award
Signed LOI with Astute - $30k/month projected Q4 '25

2023

PO fulfilled from Honeywell Kansas City National Security Campus (KCNSC) - $65k
Air Force Phase I STTR completed with CALCE (AS6171 standards leader) - $110k
Convertible notes round - $375k

2022

Sandia commercial license + funding from Sandia for lab personnel - $40k
Chiplytics PSA prototype validated against Sandia equipment (report)
Paid pilot run with U.S. Army DEVCOM - $5k
Scout VC Incubator - $300k

2021

FedTech Defense Startup Studio → 100+ customer discovery interviews

"The toolset was able to differentiate between differences in manufacturers, different date codes, and even different parametric qualities."

- Josh Hartsell, Engineer, U.S. Army DEVCOM

Milestones

Steven Dourmashkin

Stephen DiBartolomeo

CEO

Former Founder & CEO of consumer electronics startup, Specdrums (Acquired 2018)

Masters Mech Eng - Cornell '15

President

Former Navy Cryptologic Warfare Officer

Principal at Scout Ventures

M.S. Finance - JHU '17
B.S. Quant Econ - U.S. Naval Academy '16

A team of entrepreneurs, engineers, and leaders

Engineering Team

• Connor Dempsey - Principal Electrical Engineer (Ph.D. UCSB '24)

• Tom Mikolyuk - Product Engineer (UW '23)

• Aung Myat - Robotics Engineer (UW '24)

Advisors

• Dr. Guillermo Loubriel - Former Manager of Test & Failure Analysis at Sandia

• Brandon Smith - Former Deputy Director Defense Microelectronics Activity

• Dane Reynolds - VP of Operations at Astute Electronics Inc

Thank you FedTech and NNSA

For connecting us with Sandia National Laboratories, guiding us through the commercialization process, and making key introductions with investors, industry experts, and mentors.

Contact:

steven@chiplytics.io

stephen@chiplytics.io

Set up a call!

APPENDIX

Seed Round Budget

Core Team:

$54k/month

$650k/year

Full engineering team will develop scalable MIP platform
Head of Marketing & Sales will execute go-to-market strategy
Research Scientist will lead government research, grant writing, and incorporating PSA into the anti-counterfeiting standards

New Hires:

$99k/month

$1.18M/year

Expenses:

$18k/month

$216k/year

Total Projected Burn: $170k/month | $2.05M/year

Projections: cash flow positive by 2026

STTR Funding

Additional Hires (+10)

21 MIPs sold

1.5k lots tested

$1.5M ARR

32 MIPs sold

20k+ lots tested

$8M ARR

Source: Chiplytics Financial Model

$3M Seed Raise (targeting Q2 '25)

AI Chip Market Size Projections¹

(USD Billion)

$53B Fund for advanced semiconductor manufacturing, research and development

¹ Artificial Intelligence (AI) Chip Market Size, Share, and Trends 2024 to 2034 Precedence Research (2023)

Securing the global supply chain is more critical than ever

As demand for advanced semiconductors grows exponentially

Traceable

Destructive

X-Ray

Infrared

Electrical

Visual

✅ Fast and automated ✅ No SME required	✅ Very Thorough ✅ Can isolate defects	✅ Thorough ✅ Automated	✅ Thorough ✅ Automated	✅ Fast and automated ✅ Detects repackaging	✅ Very Thorough ✅ Data-driven ✅ Detects recycling
❌ Can miss recycling, repackaging, and tampering ❌ Requires coordination with OEM	❌ Part no longer usable ❌ Requires SME and chip design files	❌ Can miss recycling ❌ Requires SME and chip design files ❌ Slow	❌ Can miss recycling ❌ Requires SME and chip design files ❌ Slow	❌ Can miss recycling and tampering ❌ Requires golden sample	❌ Requires SME ❌ Custom sockets for each package type ❌ Manual

Solved using Chiplytics MIP combined electrical and visual automated inspection

Microelectronics Inspection Landscape

Other Noninvasive Inspection

Electrical Inspection

Manual

Automated

Memory Testers

Custom Socket Fixtures

Nokomis ADEC (RF Emissions)

Electrical Inspection Landscape

Benchtop equipment

Cybord Kingfisher

(General Visual Inspection)

Keyence (Detailed External Visual Inspection)

Creative Electron

(X-Ray)

MIP

(Electrical + DEVI)

PVA TePla

(Scanning Acoustic Microscopy)

Battelle Barricade

Priority Labs CT625

RTI

ABI Sentry

Bowman (XRF)

Global ETS (3P Test Lab)

I-V Curve Tracers

PFP Cyber Chip Authenticator

Most come from overseas and are recycled off of old electronics products and repackaged to look new or have higher specifications (e.g. military vs. consumer grade)
Some are explicitly cloned or tampered with
Counterfeiting is generally performed for financial gain, although occasionally as malicious attacks on organizations and national security¹

¹ The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies, Bloomberg (2018)

Where do counterfeit chips come from?

Climate Impact

Chip manufacturing uses massive amounts of water:

About 2,000 gallons of water required to manufacture a microprocessor¹
TSMC uses approximately 51 million gallons of water per day²
The global manufacturing industry uses 264 billion gallons per year³

Global semiconductor manufacturing emitted 77 million tons CO2 in 2021⁴

Chiplytics Power Spectrum Analysis (PSA) could be used to verify health and quantify lifetime remaining of used parts for legitimate recovery and reuse.

Chiplytics is in talks with IC Recovery, which has a proprietary solution for non-invasively removing chips from printed circuit boards.

x10

Lake Union, WA

Per Year

Intel Processor

Bathtub

Steven Dourmashkin

Matthew Skeels

Stephen DiBartolomeo

CEO

Former Founder & CEO of consumer electronics startup, Specdrums (Acquired 2018)

Masters Mech Eng - Cornell '15

CTO

5+ years experience as Hardware Engineer at Amazon Prime Air Drone Delivery
B.S. Mech Eng - Cornell '16

Advisors

• Dr. Guillermo Loubriel - Former Manager of Test & Failure Analysis at Sandi

• Brandon Smith - Former Deputy Director Defense Microelectronics Activity

• Dane Reynolds - VP of Operations at Astute Electronics Inc

Engineering Team

• Connor Dempsey - Principal Electrical Engineer (Ph.D. UCSB '24)

• Tom Mikolyuk - Product Engineer (UW '23)

• Aung Myat - Robotics Engineer (UW '24)

President

Former Navy Cryptologic Warfare Officer

Principal at Scout Ventures

M.S. Finance - JHU '17
B.S. Quant Econ - U.S. Naval Academy '16

Full Chiplytics Team

Chiplytics Investor Deck

By Steven Dourmashkin

Chiplytics Investor Deck

Chiplytics Pitch Deck

The Microelectronics Inspection Platform

Counterfeit microelectronics make it into our nation's most safety-critical systems

The Open Market is the primary source

Today, distributors outsource quality assurance

Automated, AI-driven inspection

for in-house authentication

of critical microelectronics

Our Approach

Our Products: thorough inspection, 10x faster

Products | Chiplytics PSA

Products | Chiplytics MIP

Beachhead: counterfeit mitigation (SAE AS6171)

$545B

$10B

$192B

Milestones

A team of entrepreneurs, engineers, and leaders

Thank you FedTech and NNSA

APPENDIX

Seed Round Budget

Projections: cash flow positive by 2026

AI Chip Market Size Projections¹

(USD Billion)

Securing the global supply chain is more critical than ever

Microelectronics Inspection Landscape

Electrical Inspection Landscape

Where do counterfeit chips come from?

Climate Impact

Full Chiplytics Team

Chiplytics Investor Deck

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