Bengaluru, October 12, 2026: Tessolve Semiconductor, a Hero Electronix company, has announced that it has secured a $75 million investment from Vector Line Capital, a US-based strategic investment firm focused exclusively on semiconductors and the semiconductor supply chain. This marks Vector Line’s first investment in India, joining existing investors TPG and Novo Tellus.
Tessolve’s Capabilities and Global Reach
Tessolve is a leading semiconductor engineering company with expertise in developing AI, high-performance computing (HPC), and analog/mixed-signal chips. It offers end-to-end capabilities to design complete semiconductors in-house, from chip architecture and design through validation, test, and embedded systems. Tessolve works with leading hyperscalers and 18 of the world’s top 20 semiconductor companies.
The investment will support Tessolve’s continued growth, including strategic acquisitions to complement existing capabilities, broaden service offerings, and strengthen global presence. Tessolve is already in advanced discussions to close multiple acquisitions in the coming quarters.
Srini Chinamilli, Co-founder & CEO, Tessolve, said: “Two decades ago we started with silicon test engineering. Today we are designing and productizing complete chips for the companies building AI infrastructure — that shift took sustained investment in capabilities, platforms, and talent, well before the demand arrived. 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.”
Geoffrey Baldwin, Founder & CEO, Vector Line Capital, added: “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. Tessolve is among the few companies that can do this at scale across the semiconductor value chain, globally. Tessolve’s success is evidenced by its blue-chip customer base, having most of the world’s largest semiconductor companies as customers.”
Ujjwal Munjal, Chairman, Tessolve and Founder, Hero Electronix, said: “Tessolve has shown that an engineering business built from India can compete and lead globally. With the capabilities it has built to design cutting-edge semiconductors, it is well positioned to be a key enabler in the AI ecosystem. We welcome Vector Line on behalf of Hero Electronix and our partners TPG and Novo Tellus and look forward to working with them.”
Strategic Positioning
Tessolve is designing AI and HPC chips by leveraging in-house pre-engineered semiconductor platforms and design flows to shorten development cycles. It operates a global lab infrastructure and maintains partnerships with leading foundries, IP providers, EDA companies, and test equipment firms.
The company has been an active participant in India’s evolving semiconductor ecosystem, working closely with new foundries, OSATs, and chip start-ups to support them across the engineering value chain.
About Tessolve Semiconductor
Founded in 2004, Tessolve is a leading global semiconductor engineering business and a Hero Electronix company. It offers turnkey solutions from chip architecture and design through validation, test, and embedded systems. Tessolve employs 3,500+ engineers across 10 countries, operates 9 laboratories globally, and partners with all leading foundries, IP, EDA, and test equipment companies. Its customers include hyperscalers, chip start-ups, and system companies across AI, HPC, automotive, data center, and industrial sectors.
About Hero Electronix
Hero Electronix is the Hero Group’s technology investment platform, set up in 2015 to build globally competitive businesses in semiconductors, AI in the physical world, intelligent hardware, design-led manufacturing, and strategic electronics. It is an evergreen platform with patient capital, backing businesses with strong engineering capabilities and working alongside founders and management teams as a long-term shareholder.
About TPG
TPG is a leading global alternative asset management firm, founded in 1992 in San Francisco, with $327 billion AUM. TPG invests across private equity, impact, credit, real estate, and market solutions, driven by collaboration, innovation, and inclusion.
About Novo Tellus
Novo Tellus Capital Partners is a Singapore-based private equity firm focused on building technology and industrial companies across the Indo-Pacific. With US$1 billion AUM, Novo Tellus is distinguished by deep sector insights and active partnerships with management teams.
About Vector Line Capital
Vector Line Capital is a multi-stage strategic investment company focused on semiconductors and the global semiconductor supply chain. Managing $1.6 billion of capital, Vector Line supports emerging technologies, partners with companies at critical expansion phases, and identifies opportunities where operational alignment and stable capital can support durable value creation.
