Deals · Updated 11 Oct, 03:19 pm IST
Tessolve raises $75 million from US-based Vector Line Capital
Why it matters for readers: It shows how a services firm in the chip supply chain is scaling up to serve AI and hardware customers globally.
- Tessolve secured $75 million from Vector Line Capital to support its growth and strategic acquisitions.1
- Vector Line Capital is investing in India for the first time and joins existing investors TPG and Novo Tellus.1
- Tessolve plans to use the funds to add capabilities, widen service offerings, and strengthen its global footprint.1
- The company says it is in advanced discussions to close multiple acquisitions over the next couple of quarters.1
- Founded in 2004, Tessolve offers end-to-end chip solutions and employs over 3,500 engineers across 10 countries with nine laboratories.1
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