Fundz

Hero Electronix’S Portfolio Company Tessolve Raises Us $40 Million From Singapore-Based Novo Tellus

Apr 23, 2021

Amount Raised

$40 Million

Round Type

Funding Round

BengaluruSoftware

Description

Tessolve, a Hero Electronix venture and a global provider of engineering and R&D services to semiconductor companies, has raised $40 million from Novo Tellus Capital Partners, a leading private equity firm based out of Singapore at a $100 million valuation. The funding will be used by Tessolve to drive further growth through acquisitions and organic investments.

Quick answer

Tessolve raised $40 Million in a Funding Round round, dated April 23, 2021. Tessolve is based in Bengaluru, Karnataka, India.

How much did Tessolve raise?
Tessolve raised $40 Million in a Funding Round round on April 23, 2021.
What does Tessolve do?
Tessolve offers a unique combination of pre-silicon and post-silicon expertise to provide an efficient turnkey solution for silicon bring-up, and spec to the product.
Where is Tessolve based and how big is it?
Tessolve is based in Bengaluru, Karnataka, India. Fundz records about 3,500 employees.
Who are the decision-makers at Tessolve?
Fundz holds 5 contacts at Tessolve. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software around the same time

Companies in the same sectors as Tessolve that raised within 45 days of this round, from Fundz verified event records.

  • Crusoe raised $128M on April 26, 2021.
  • Trulioo raised $394M (Funding Round) on June 7, 2021.
  • Truemeds raised $5M (Funding Round) on June 7, 2021.
  • Degreed raised $154M on June 7, 2021.
  • Gauntlet Networks raised $14M on June 4, 2021.
  • Ciphertrace. Inc. raised $27M on June 4, 2021.

Who to call at Tessolve, and when

A new round usually means Tessolve is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Tessolve raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Tessolve, from your own LinkedIn network

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Company Information

Company

Tessolve

Location

Bengaluru, Karnataka, India

About

Tessolve offers a unique combination of pre-silicon and post-silicon expertise to provide an efficient turnkey solution for silicon bring-up, and spec to the product. With 3500+ employees worldwide, Tessolve provides a one-stop shop solution with full-fledged hardware and software capabilities, including its advanced silicon and system testing labs.

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Fundz sees it the moment Tessolve raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

5 contacts
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Tessolve raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.