Scout VC Blog
Summary
Military spending has reached unmatched levels, the need to spur innovation to remain competitive against China is unwavering, and the global supply chain has proven fragile.A result of the global supply chain faltering has been a worldwide shortage of semiconductors, which in turn has unearthed a growing market for counterfeit chips. While many across the world may not realize the impact and importance of ensuring security in semiconductor procurement without it everything from cars to critical infrastructure to military defense technology can be compromised our very own Associate and U.S. Navy veteran Stephen DiBartolomeo kept that top of mind.Huge congratulations to Stephen for officially launching Chiplytics, a hardware security company building inspection technology that provides insights into the microelectronics supply chain, incubated out of Scout. The company was co-founded by DiBartolomeo, Steven Dourmashkin (CEO) and Matthew Skeels (CTO), both Cornell engineers and entrepreneurs working on their second startup together.Chiplytics proprietary technology, the Chiplytics One, screens every chip going into critical systems to fight counterfeiting, which can range from sophisticated clones to chips facing quality issues. This helps ensure the safety and compliance of semiconductors worldwide, allowing commerce and exchange to function securely around the globe. The company plans to leverage data sets and their proprietary software to help companies source and test chips before they get put into high-reliability systems, saving them from costly recalls or failure and building trust within the public and private sectors.The team built and launched Chiplytics through a collaboration with the National Nuclear Security Administration and Sandia National Labs, where the part of the technology was originally invented.
Funding
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