Tessolve Semiconductor Closes $75 Mn to Expand Engineering Services

The latest investment brings Tessolve’s total funding to $265 million, according to the company’s reported funding history.

Funding Details and Investors

The $75 million funding round was led by US-based investment firm Vector Line Capital. Existing investors TPG and Novo Tellus Capital Partners also participated.

In 2025, Tessolve raised $150 million in a funding round led by TPG Growth. The company has been expanding its engineering capabilities and international operations through investments and acquisitions.

Hero Electronix, the electronics and technology arm of the Hero Group, acquired a controlling stake in Tessolve in 2016.

How Will Tessolve Use the Funding?

Tessolve plans to use the fresh capital to acquire businesses that complement its existing semiconductor engineering capabilities. The investment will also support the expansion of its services and international operations.

According to the reported announcement, the company is in advanced discussions to complete multiple acquisitions over the next few quarters.

In November 2024, Tessolve acquired Germany-based Dream Chip Technologies GmbH in a deal valued at approximately ₹400 crore. The acquisition strengthened its capabilities in semiconductor design and engineering.

Company Background and Services

Founded in 2004 by Srini Chinamilli, P Raja Manickam, and Veerappan V, Tessolve Semiconductor provides engineering services across the semiconductor development cycle.

Its services include chip architecture, semiconductor design, validation, testing, and embedded systems. The company serves semiconductor manufacturers, hyperscalers, chip startups, and system companies.

Tessolve's engineering capabilities support applications in artificial intelligence (AI), high-performance computing (HPC), automotive electronics, data centres, and industrial technologies.

Business Growth and Market Expansion

Tessolve has expanded beyond traditional semiconductor testing into chip design and product development. Its engineering services cover several stages of semiconductor development, helping customers with design, validation, and testing requirements.

The company is also strengthening its capabilities in AI and HPC chip design as demand for advanced computing infrastructure grows. These areas are becoming increasingly important for businesses developing AI systems, data centres, and high-performance computing platforms.

What Comes Next for Tessolve?

Tessolve plans to pursue additional acquisitions over the next few quarters to expand its engineering capabilities and strengthen its international presence.

The company will also continue developing its semiconductor design services, particularly for AI and HPC applications, while broadening its offerings for global customers.

About Tessolve Semiconductor

Tessolve Semiconductor is a semiconductor engineering services company headquartered in India.

Founded in 2004, it provides chip design, validation, testing, and embedded systems services to companies across the semiconductor and electronics industries. Tessolve is a Hero Electronix company and operates across multiple international markets.

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