Tessolve raises $75 million from US-based Vector Line Capital
The funds will support Tessolve's growth, including strategic acquisitions that add to its existing capabilities, widen its service offerings, and strengthen its global footprint
Semiconductor engineering services firm Tessolve has secured $75 million in funding from US-based Vector Line Capital to fuel its growth and expand globally. This investment, Vector Line's first in India, joins existing backers TPG and Novo Tellus. The $75 million will be used to support acquisitions that bolster Tessolve's existing capabilities, expand its service offerings, and strengthen its international presence.
Tessolve's co-founder and CEO, Srini Chinamilli, noted that the funds will enable strategic acquisitions that will further strengthen the company's offerings. Founded in 2004, Tessolve provides end-to-end solutions from chip design to validation, and currently collaborates with 18 of the world's top 20 semiconductor companies.
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- Tessolve raises $75 million from US-based Vector Line Capital economictimes.indiatimes.com
