Tessolve Semiconductor
Category: AI Chips / Semiconductors
Tessolve is a Bengaluru-headquartered end-to-end semiconductor engineering services company providing chip design, test, product engineering, and embedded systems across the silicon value chain. Tessolve Semiconductor was founded in 2004. The company is led by Srini Chinamilli (Srinivas Chinamilli). Based in Bengaluru, India. Team size: 500+. Total funding raised: $265M. Latest round: Venture Round. Key investors include Vector Line Capital, TPG (TPG Growth), Novo Tellus Capital Partners, Hero Electronix (majority owner).
- Founded
- 2004
- Headquarters
- Bengaluru, India
- Team size
- 500+
- Total funding
- $265M
Value proposition
End-to-end silicon and systems productization partner — from chip architecture and design to test development, packaged parts, and embedded systems — enabling semiconductor firms to bring quality products to market faster and more cost-effectively.
Products and solutions
Custom Silicon (ASIC/IC design, analog & mixed-signal, RTL design, design verification, DFT, physical design, FPGA emulation, foundry porting), Post-Silicon Test Engineering, Product Engineering, PCB Design & Manufacturing, Package Engineering, Embedded Systems, Dream Chip Technologies (automotive SoC design), silicon & system testing labs (Test Lab, HSIO Lab
Unique value
Largest independent semiconductor engineering services company globally, offering turnkey design-to-packaged-parts solutions with in-house labs and pre-engineered design platforms that shorten development cycles.
Target customer
Semiconductor firms, hyperscalers, chip startups, and system companies across AI, HPC, automotive, data centers, avionics, and industrial applications; works with 18 of the world's top 20 semiconductor companies.
Industries served
Semiconductors, AI, High-Performance Computing (HPC), Automotive, Avionics, Data Center/Enterprise, Industrial
Technology advantage
In-house, pre-engineered semiconductor platforms and design flows for AI/HPC chips; global laboratory infrastructure (9-11 labs); 22+ years of engineering track record; 1000+ test programs released; partnerships with all leading foundries, IP, EDA, and test equipment vendors; scale of 3,500-4,000+ engineers across 10-12 countries.
How they differentiate
Only independent player offering true end-to-end turnkey silicon-to-systems services (design + test + PCB + embedded) with owned global labs, versus competitors that focus on narrower design or test segments; positioned as a Major Contender in Everest Group's Semiconductor Engineering Services PEAK Matrix.
Main competitors
HCLTech (VLSI/semiconductor services), Wipro (semiconductor & systems), Cientra, Excelmax Technologies, Presto Engineering
Key partnerships
Samsung Foundry, leading foundries, IP providers, EDA companies, and test equipment manufacturers, Hero Electronix (majority owner), Dream Chip Technologies (acquired 2024, part of Custom Silicon BU)
Notable customers
18 of the world's top 20 semiconductor companies, hyperscalers, chip startups, and system companies (names not publicly disclosed)
Major milestones
Founded 2004 by Srini Chinamilli, Novo Tellus investment (2021), acquired Dream Chip Technologies (2024), $150M TPG funding (Sep 2025), debut in Everest Group Semiconductor Engineering Services PEAK Matrix as Major Contender, $75M Vector Line Capital round (Oct 2026).
Growth metrics
Revenue scaled from $25M (FY16) to over $150M (FY25); 3,500-4,000+ engineers; 22+ years history; 1000+ test programs released; 130+ PCB designs per month; 40+ products released to market; targets doubling size in next four years.
Market positioning
Largest independent semiconductor engineering services company globally; Major Contender in Everest Group PEAK Matrix; serves 18 of top 20 semiconductor companies; revenue scaled from $25M (FY16) to over $150M (FY25).
Geographic focus
Global — headquartered in Bengaluru, India, operating in 10-12 countries with delivery centers and labs across India, US, Europe, and Asia.
About Srini Chinamilli (Srinivas Chinamilli)
Ex-Cirrus Logic and Centillium Communications (Director of Worldwide Test Engineering); MS Electrical Engineering, University of Southern California; BE Electronics Engineering, Birla Institute of Technology, Mesra. 25+ years in semiconductor test and product engineering.
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Official website: https://www.tessolve.com/