Tessolve Semiconductor, a Hero Electronix company, has raised $75 Mn in a funding round led by US-based investment firm Vector Line Capital, according to a media report. The fresh capital will support the company’s expansion plans, including strategic acquisitions and efforts to strengthen its global presence.
The company plans to use the funds to add capabilities that complement its existing business, expand its service offerings and reach more customers across international markets.
- Founded by Srini Chinamilli, Tessolve Builds Semiconductor Solutions
Founded by Srini Chinamilli, Tessolve is a semiconductor engineering company that offers end-to-end services across chip architecture, design, validation, testing and embedded systems.
The company supports businesses at different stages of semiconductor development, helping them design and test chips used in a wide range of applications.
Tessolve has more than 3,500 engineers working across 10 countries and operates nine laboratories globally. It also works with semiconductor foundries, intellectual property (IP) providers, electronic design automation (EDA) companies and test equipment manufacturers.
- Strong Presence in AI, Automotive and Data Centres
Tessolve serves semiconductor companies, hyperscalers, chip startups and system companies across several industries, including artificial intelligence (AI), high-performance computing (HPC), automotive, data centres and industrial applications.
Its capabilities cover chip design for AI and HPC, along with analogue and mixed-signal chips. The company says it works with leading hyperscalers and 18 of the world’s top 20 semiconductor companies.
As demand for advanced chips grows across AI infrastructure, connected vehicles and data centres, Tessolve is looking to expand its role in the global semiconductor supply chain.
Tessolve Plans More Acquisitions
Along with expanding its existing services, Tessolve is preparing for further growth through acquisitions. The company is reportedly in advanced discussions to complete multiple acquisitions over the next couple of quarters.
These deals are expected to help it add new capabilities, widen its service portfolio and strengthen its position in international markets.
The latest $75 million funding round gives Tessolve additional capital to pursue these plans as demand for semiconductor engineering and testing services continues to grow.
Key Numbers
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$75 million: Funding raised from Vector Line Capital-led round
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3,500+ engineers: Workforce across 10 countries
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18 of the world’s top 20 semiconductor companies: Customers served by Tessolve, according to the company
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