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Hero Electronix’S Portfolio Company Tessolve Raises Us $40 Million From Singapore-Based Novo Tellus

Apr 23, 2021•about 4 years ago

Amount Raised

$40 Million

Bengaluru

Description

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.

Company Information

Company

Tessolve

Location

Bengaluru, Karnataka, India

About

Tessolve is a leading end-to-end engineering services partner for semiconductor companies with a wide range of offerings covering chip design, test and PCB engineering and embedded systems design. With over 2,000 employees worldwide and operations in US, India, Singapore, Malaysia, Europe, UK, and Taiwan; Tessolve enable its clients accelerate their innovation journey and enables faster time-to-market through deep domain expertise in Analog, Digital, Mixed Signal, and RF. It has unmatched capabilities across test engineering platforms backed by in house infrastructure including test, characterization and reliability labs. Tessolve allows customers to leverage high end engineering in a cost-efficient model and enables a seamless transition from design and development to production and beyond.

Funding Insights

Based on industry data
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