Tessolve, a semiconductor engineering services company under Hero Electronix, secures $150m investment from TPG to enhance global delivery centers, expand test labs, and accelerate acquisitions. Tessolve’s revenue has grown from $25m in 2016 to over $150m in 2025, collaborating with 18 of the top 20 semiconductor companies and employing 3,000 engineers globally.

Hero Electronix, part of Hero Group, entered the semiconductor industry in 2016 by acquiring Tessolve, witnessing significant revenue growth. In 2021, Tessolve received a $40m investment from Novo Tellus Capital Partners. TPG Growth partner Bhushan Bopardikar highlights Tessolve’s evolution from a test lab to a full-scale semiconductor engineering services provider.

Tessolve acquires Dream Chip Technologies, a German semiconductor chip design company, for up to Rs4bn ($47.4m), focusing on system on chip design for AI, automotive, data center, and industrial sectors. The acquisition expands Tessolve’s European presence with four delivery sites in Germany and the Netherlands.

Read more at Yahoo Finance: Tessolve secures $150m investment from TPG Growth