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
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Phone
*********
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Website
*********
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Social
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- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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 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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Private Equity Round — $150.0M
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First Round
First Round
(31 Mar 2007)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Private Equity Round - Tessolve Semiconductor | Valuation |
investors |
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| Apr, 2021 | Amount | Series F - Tessolve Semiconductor | Valuation | Novo Tellus Capital Partners |
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| Feb, 2020 | Amount | Series E - Tessolve Semiconductor | Valuation | Mike Bartley |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment in technology sectors focusing on semiconductors, AI, and IoT.
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Founded Year | Domain | Location | |
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Venture capital investing in technology sectors such as AI and automotive.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of semiconductor technical solutions
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2018 | ||||
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Provides hardware, software and network security testing services using proprietary tools
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2008 | ||||
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Sensor platforms and gateways for IoT applications are developed.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tessolve Semiconductor
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tessolve Semiconductor Comparisons
Competitors of Tessolve Semiconductor
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tessolve Semiconductor
Frequently Asked Questions about Tessolve Semiconductor
When was Tessolve Semiconductor founded?
Tessolve Semiconductor was founded in 2004 and raised its 1st funding round 3 years after it was founded.
Where is Tessolve Semiconductor located?
Tessolve Semiconductor is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Tessolve Semiconductor?
Srinivas Chinamilli is the current CEO of Tessolve Semiconductor. They have also founded this company.
Is Tessolve Semiconductor a funded company?
Tessolve Semiconductor is a funded company, having raised a total of $213M across 8 funding rounds to date. The company's 1st funding round was a Series E of $4.26M, raised on Mar 31, 2007.
How many employees does Tessolve Semiconductor have?
As of Dec 18, 2024, the latest employee count at Tessolve Semiconductor is 2,485.
What is the annual revenue of Tessolve Semiconductor?
Annual revenue of Tessolve Semiconductor is $120.68M as on Mar 31, 2024.
What does Tessolve Semiconductor do?
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.
What products or services does Tessolve Semiconductor offer?
Tessolve Semiconductor offers ASIC Design, Package Engineering, Post Silicon Support, PCB Design, and Embedded Design.
How many acquisitions has Tessolve Semiconductor made?
Tessolve Semiconductor has made 4 acquisitions, including Dream Chip, Lynxemi, and P2F SEMI.
Who are Tessolve Semiconductor's investors?
Tessolve Semiconductor has 13 investors. Key investors include Applied Materials, Reliance Capital, TPG, Hero Electronix, and Qualcomm Ventures.
What is Tessolve Semiconductor's valuation?
The valuation of Tessolve Semiconductor is $102.95M as of Apr 2021.
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