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Hero Electronix's chip design firm Tessolve Semiconductor raises $75 million from Vector Line Capital

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Hero Electronix's chip design firm Tessolve Semiconductor raises $75 million from Vector Line Capital

Tessolve Semiconductor, a Hero Electronix company, has secured a $75 million funding from US-based Vector Line Capital to support its expansion plans, including strategic acquisitions aimed at strengthening its semiconductor engineering capabilities and global operations.

The company said it is in advanced discussions to complete multiple acquisitions over the next two quarters. The proposed deals are expected to complement its existing capabilities, broaden its services and expand its international presence.

The investment marks Vector Line Capital's first investment in India. The firm, which focuses exclusively on semiconductors and the semiconductor supply chain, joins TPG and Singapore-based Novo Tellus as investors in Tessolve.

The company has not disclosed its valuation following the investment or the size of the stake acquired by Vector Line Capital.

Founded in 2004, Tessolve provides semiconductor engineering services covering chip architecture, design, validation, testing and embedded systems.

The company, led by co-founder and CEO Srini Chinamilli, develops chips used in AI, high-performance computing (HPC), automotive, data centres and industrial applications.

Its capabilities include the design of complete semiconductor chips, including AI, HPC, and analog and mixed-signal chips.

Tessolve said it works with leading hyperscalers, chip startups, system companies and 18 of the world's top 20 semiconductor companies.

The company employs more than 3,500 engineers across 10 countries and operates nine laboratories globally. It also partners with semiconductor foundries, intellectual property (IP) providers, electronic design automation (EDA) companies and test equipment manufacturers.

Tessolve said it uses in-house semiconductor platforms and design processes to shorten chip development cycles.

Tessolve co-founder and CEO Srini Chinamilli said the company had evolved from offering silicon test engineering services to designing and developing complete chips for businesses building AI infrastructure.


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