Tessolve raises $75M to fund acquisitions
By Abha Lohia ·
- Tessolve is a Bengaluru-based engineering services firm that helps companies design, validate and test semiconductor chips and embedded systems
- US investor Vector Line Capital put in $75 million, about Rs 725 crore, joining TPG and Novo Tellus, and the money is meant for buying other companies
- Tessolve says it is in advanced talks on several deals over the next couple of quarters, and this is Vector Line's first investment in India
What happened
- Tessolve raised $75 million from Vector Line Capital.
- The amount is about Rs 725 crore.
- Existing backers TPG and Novo Tellus stay on board.
- The cash will fund acquisitions that add skills and services.
- Several deals are in advanced talks for the coming quarters.
Why it matters
- Vector Line invests only in semiconductors and the chip supply chain.
- This is the investor's first bet in India.
- Demand for chips for AI infrastructure keeps growing.
The business
- Tessolve began in 2004 with silicon test engineering.
- It now covers chip architecture, design, validation, test and embedded systems.
- It has over 3,500 engineers across 10 countries.
- It runs 9 labs around the world.
- It is a Hero Electronix venture.
The founders
SC
Srini Chinamilli
Co-founder and CEO- More than 25 years in semiconductor test and product engineering
- Earlier worked at Cirrus Logic and Centillium Communications
Who put in money
- Vector Line Capital new investor — US firm investing only in semiconductors and the chip supply chain
- TPG existing investor
- Novo Tellus existing investor
In numbers
3,500+Engineers · 2026
10Countries · 2026
What happens next
- Close several acquisitions over the next couple of quarters.
Earlier rounds
- $75M from Vector Line Capital, Oct 2026
Other articles talking about it
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