About Tessolve Semiconductor
Tessolve Semiconductor is a company based in Bengaluru (India) founded in 2004 by Srinivas Chinamilli and Veerappan VV was acquired by Hero Electronix in April 2016. Tessolve Semiconductor has raised $213 million across 8 funding rounds from investors including Applied Materials, Reliance Capital and TPG. The company has 2,485 employees as of December 18, 2024. Tessolve Semiconductor has completed 4 acquisitions, including Dream Chip, Lynxemi and P2F SEMI. Tessolve Semiconductor offers products and services including ASIC Design, Package Engineering, Post Silicon Support, PCB Design, and Embedded Design.
- Headquarter Bengaluru, India
- Employees 2485 as on 18 Dec, 2024
- Founders Srinivas Chinamilli, Veerappan VV
- Stage Minicorn
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Sectors
Technology
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Tessolve Semiconductor Pvt. Ltd.
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$120.68 M (USD)19.9as on Mar 31, 2024
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Net Profit
$5.33 M (USD)143.37as on Mar 31, 2024
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EBITDA
$13.84 M (USD)54.67as on Mar 31, 2024
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Total Equity Funding
$213 M (USD)
in 8 rounds
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Latest Funding Round
$150 M (USD), Private Equity Round
Sep 01, 2025
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Investors
Applied Materials
& 12 more
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Employee Count
2485
as on Dec 18, 2024
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Investments & Acquisitions
Dream Chip
& 3 more
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Acquired by
Hero Electronix
(Apr 28, 2016)
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Products & Services of Tessolve Semiconductor
Tessolve Semiconductor offers a comprehensive portfolio of products and services, including ASIC Design, Package Engineering, Post Silicon Support, PCB Design, and Embedded Design.
Services for custom silicon chip design and verification
Optimizes semiconductor packaging for performance
Provides testing and validation for semiconductor products
Delivers schematic and board design solutions
Offers end-to-end embedded hardware and software services
People of Tessolve Semiconductor
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Funding Insights of Tessolve Semiconductor
Tessolve Semiconductor has successfully raised a total of $213M across 8 strategic funding rounds. The most recent funding activity was a Private Equity Round of $150 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Tessolve Semiconductor
Tessolve Semiconductor has secured backing from 13 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Applied Materials, Reliance Capital and TPG.
| Investor | Description | Founded Year | Domain | Location |
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Investment in technology sectors focusing on semiconductors, AI, and IoT.
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Venture capital investing in technology sectors such as AI and automotive.
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Corporate-backed venture capital firm focused on multiple sectors
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Locked | Locked | Locked |
Investor details for Tessolve Semiconductor
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Investments & Acquisitions by Tessolve Semiconductor
Tessolve Semiconductor has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Dream Chip, Lynxemi and P2F SEMI.
Investment portfolio details for Tessolve Semiconductor
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of semiconductor technical solutions
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Locked | Locked | 2018 | Locked | |
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Provides hardware, software and network security testing services using proprietary tools
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Locked | Locked | 2008 | Locked | |
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Sensor platforms and gateways for IoT applications are developed.
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Locked | Locked | 2005 | Locked |
Complete acquisition details for Tessolve Semiconductor
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
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Financial Statements - Tessolve Semiconductor
Detailed financials for Tessolve Semiconductor
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- Profit trends
- Statement rows
- Financial ratios
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Tessolve Semiconductor Comparisons
Peer comparison for Tessolve Semiconductor
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- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
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Competitors of Tessolve Semiconductor
Detailed competitors of Tessolve Semiconductor
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Latest news on Tessolve Semiconductor
Complete news archive for Tessolve Semiconductor
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Frequently Asked Questions about Tessolve Semiconductor
Tessolve Semiconductor was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Tessolve Semiconductor is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Srinivas Chinamilli is the current CEO of Tessolve Semiconductor. They have also founded this company.
Tessolve Semiconductor is a funded company, having raised a total of $213M across 8 funding rounds to date.
As of Dec 18, 2024, the latest employee count at Tessolve Semiconductor is 2,485.
Annual revenue of Tessolve Semiconductor is $120.68M as on Mar 31, 2024.
Tessolve Semiconductor was founded in 2004 in Bengaluru, India, and operates as a provider of semiconductor engineering services worldwide. Solutions in chip design, testing, and PCB engineering are delivered, alongside failure analysis and systems design. A team of specialists is employed, supported by internal infrastructure to handle these operations across the sector.
Tessolve Semiconductor offers ASIC Design, Package Engineering, Post Silicon Support, PCB Design, and Embedded Design.
Tessolve Semiconductor has made 4 acquisitions, including Dream Chip, Lynxemi, and P2F SEMI.
Tessolve Semiconductor has 13 investors. Key investors include Applied Materials, Reliance Capital, TPG, Hero Electronix, and Qualcomm Ventures.
The valuation of Tessolve Semiconductor is $102.95M as of Apr 2021.