Tessolve
Overview
Tessolve is a semiconductor engineering solutions provider, headquartered in Bengaluru, India. Founded in 2004 by Srinivas Chinamilli and Veerappan V. V., Tessolve has grown into a global player in semiconductor design and testing services. The company is known for its extensive offerings in chip design, high-speed validation, and testing services. The firm recently raised a substantial $150 million from TPG for business expansions and acquisitions, signaling its continuing growth trajectory.
Recent Developments
- September 2025: Tessolve secured $150 million from TPG Growth for global expansions, strengthening R&D efforts, and strategic acquisitions. This substantial investment highlights Tessolve's commitment to scaling its operations and enhancing its role in the semiconductor industry globally.
- July 2025: Tessolve completed a ₹4 billion acquisition of Dream Chip Technologies based in Germany. This acquisition strengthens Tessolve’s foothold in the European market and enhances its engineering capabilities.
- June 2025: In an interview, the CEO, Srini Chinamilli, emphasized Tessolve's vision for contributing to India's journey as a global semiconductor hub, underscoring AI-driven solutions as a major growth area.
- May 2025: Tessolve aligned with industry trends by focusing on the rise of AI in semiconductor applications, pushing its expertise in AI chip designs to the forefront.
- 2024: Tessolve reported double-digit growth, defying a declining global semiconductor industry, primarily driven by demand for AI chips.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2004 |
| Headquarters | Bengaluru, India |
| Founders | Srinivas Chinamilli, Veerappan V.V. |
| Revenue | Over $150 million in FY2025 |
| Profits | N/A |
| Key Investors | TPG Growth, Qualcomm Ventures |
| Industry | Semiconductor Engineering Services |
| Number of Employees | Over 3,000 |
Early History
Tessolve was co-founded by Srinivas Chinamilli and Veerappan V.V. in 2004. Initially, the company focused on providing semiconductor test engineering services. Over the years, it expanded its portfolio to include chip design, verification, high-speed validation, and embedded system solutions. By 2016, Tessolve was acquired by Hero Electronix, a move that provided more resources and opportunities for expansion. Early growth was driven by innovations in testing solutions, enabling quick defect identification, thus enhancing product quality and lifecycle for semiconductor companies.
Company Profile and Achievements
Tessolve operates as a full-service semiconductor solutions provider, offering services from chip design and testing to production support. Through strategic expansions, it has collaborated with 80% of the world's top 20 semiconductor companies. The company emphasizes a comprehensive engineering approach, enhancing various phases of semiconductor product lifecycle from architecture to embedded systems.
- Achievements:
- Raised $150 million from TPG Growth in 2025 to expand its labs and delivery centers.
- Achieved notable partnerships, including a critical collaboration with SigmaSense for DSP-based sensing ASIC development.
- The acquisition of Dream Chip Technologies in 2025 significantly bolstered its engineering footprint in Europe.
- Tessolve has steadily increased its revenue from $25 million in 2016 to over $150 million in 2025, reflecting successful strategic growth initiatives.
Current Operations and Market Position
As of 2025, Tessolve continues to be a critical player in the global semiconductor landscape, offering end-to-end engineering services, including chip design, testing, and embedded solutions. Its robust solutions cater to AI, IoT, and automotive industries. The company's competitive advantage lies in its ability to integrate developments in AI and advanced testing processes, meeting the complex needs of modern semiconductors. Tessolve's strategic focus on expansion through acquisitions and partnerships position it favorably within the increasingly competitive global market.
Conclusion
Tessolve has established itself as a significant player in the semiconductor engineering services industry, marked by strategic growth and expansion. With ongoing endorsements from major investors and the acquisition of European companies, Tessolve is well-positioned to make impactful contributions to both the Indian and global semiconductor ecosystems. This trajectory suggests potential widespread influence, particularly in AI and automotive solutions, as Tessolve continues to leverage its comprehensive service offerings and strategic collaborations.