1 hr ago
Tessolve Raises $75 Million to Expand Semiconductor Services
Tessolve is a company that helps other businesses design and test computer chips.
It has received $75 million from an investment company called Vector Line Capital.
Tessolve says this is Vector Line’s first investment in India.
The company plans to use the money to grow and buy other businesses.
It is already discussing several possible acquisitions.
Tessolve works with 18 of the world’s 20 biggest semiconductor companies.
It has more than 3,500 engineers working in 10 countries.
The company said its revenue grew from ₹1,157 crore in FY25 to ₹1,526 crore in FY26.
Tessolve raised $75 million from US-based Vector Line Capital, its first investment in India.
The semiconductor engineering firm plans to use the funding for growth and strategic acquisitions.
Tessolve said it is in advanced discussions to complete multiple acquisitions over the next couple of quarters.
The company employs more than 3,500 engineers across 10 countries and operates nine laboratories.
Tessolve reported revenue of ₹1,526 crore in FY26 and expects more than ₹2,000 crore this financial year.
- Who
- Tessolve and its new investor, Vector Line Capital.
- What
- Tessolve raised $75 million to support growth and potential acquisitions.
- Where
- Tessolve is based in India and operates across 10 countries; Vector Line Capital is US-based.
- When
- The investment was announced on October 11, 2026.
- Why
- Tessolve plans to add capabilities, broaden its services and strengthen its global presence.
Tessolve and investor outlook
Industry context
Rationale for the investment
Tessolve and investor outlook
Tessolve CEO Srini Chinamilli said the funding will support acquisitions and strengthen the company's offerings; he said Vector Line's sector focus and relationships will add value.
Industry context
Vector Line CEO Geoffrey Baldwin said semiconductor complexity is increasing demand for engineering partners able to support the full development cycle, and described Tessolve as one of the few firms able to do this at scale.
Key facts
- Investment
- $75 million from Vector Line Capital
- Investor status
- Vector Line Capital's first investment in India
- Existing investors
- TPG and Novo Tellus
- Workforce and reach
- More than 3,500 engineers across 10 countries
- Laboratories
- Nine globally
- Customers
- 18 of the world's top 20 semiconductor companies
- Revenue
- ₹1,526 crore in FY26, up from ₹1,157 crore in FY25; Tessolve expects to exceed ₹2,000 crore this financial year
- Acquisition plans
- Advanced discussions on multiple acquisitions, with deals expected over the next couple of quarters
Quotes
Srini Chinamilli
Tessolve co-founder and CEO
“Two decades ago, we started with silicon test engineering. Today we are designing and productising complete chips for the companies building AI infrastructure - that shift took sustained investment in capabilities, platforms, and talent, well before the demand arrived.”
thehindubusinessline.com
“This investment will support acquisitions that further strengthen our offerings, and Vector Line’s focus on the sector and their relationships will add significant value.”
thehindubusinessline.com
Geoffrey Baldwin
Founder and CEO of Vector Line Capital
“Semiconductors are becoming extremely complex, making them harder to design, validate and test. Leading technology companies are increasingly turning to engineering partners who can carry work across the whole development cycle”
thehindubusinessline.com
Sources
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