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Aims to further deepen Chip Design and ASIC engineering capabilities and global presence
Tessolve, a Hero Electronix venture and a global provider of engineering and R&D services to semiconductor companies, has raised $40 million from Novo Tellus Capital Partners, a leading private equity firm based out of Singapore at a $100 million valuation. The funding will be used by Tessolve to drive further growth through acquisitions and organic investments.
Since a majority investment by Hero Electronix in 2016, Tessolve has witnessed a year-on-year growth rate of over 30% achieving $75M in 2020 revenues. It has transitioned from a semiconductor test services provider to a provider of complete engineering solutions to semiconductor companies. Offerings range from designing chips, testing chips, product engineering to designing electronic products. It has grown into an over 2,000 employee organization and has significantly expanded its global presence with 15 offices across US, Ind