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Tessolve Semiconductor, a Hero Electronix company, has raised $75 million in a funding round led by US based strategic investment firm Vector Line Capital. The proceeds will be used to support growth, including strategic acquisitions that complement its existing capabilities, expand its service offerings and strengthen its global presence, the company said in a press release. Founded by Srini Chinamilli, Tessolve is a semiconductor engineering company that offers turnkey solutions across chip architecture, design, validation, testing and embedded systems. The company employs over 3,500 engineers across 10 countries and operates nine laboratories globally. It also partners with leading foundries, intellectual property (IP) providers, electronic design automation (EDA) companies and test equipment manufacturers. Tessolve works with semiconductor companies, hyperscalers, chip startups and system companies across segments such as artificial intelligence (AI), high-performance computing (HPC), automotive, data centres and industrial applications. The company offers end-to-end semiconductor design capabilities, including AI, HPC and analog and mixed-signal chips. It said it works with leading hyperscalers and 18 of the world’s top 20 semiconductor companies. Tessolve is also in advanced discussions to close multiple acquisitions over the next couple of quarters, it added.
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