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MediaTek, Tessolve to roll out edge-AI enabled smart device ecosystem

Fabless semiconductor company MediaTek on Wednesday announced a collaboration with Hero Electronix venture Tessolve to roll out an edge-AI enabled smart device ecosystem.
The collaboration with Tessolve will power advanced AI-enabled devices and premium experiences, along-with reducing development costs and accelerating the time to market, the company said in a statement.
While MediaTek offers the i500 AIoT Platform which is a powerful edge-processing platform with top-of-the-line integrated AI processor.
Tessolve has launched the MAGIK2 family nano System on module (SoM) and evaluation board powered by MediaTek i500 to power AI smart devices.
We are enabling the future of AI, by creating an ecosystem of Edge-AI hardware processing paired with comprehensive software tools across our product range, including smartphones, smart homes, wearables, IoT and connected cars, said Raghavan Sampath, Director, Business Development, MediaTek. ....

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[Funding alert] Hero Electronix's portfolio company Tessolve raises $40 M from Novo Tellus Capital Partners

[Funding alert] Hero Electronix’s portfolio company Tessolve raises $40 M from Novo Tellus Capital Partners
According to the official statement, the funding will be used by Tessolve to drive further growth through acquisitions and organic investments.
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Novo Tellus Capital Partners, valuing the engineering and R&D services provider at $100 million.
According to the official statement, the funding will be used by Tessolve to drive further growth through acquisitions and organic investments.
Talking about this key development,
Ujjwal Munjal, Founder Director, Hero Electronix, said,
“We are delighted to welcome Novo Tellus as a key partner in the journey to build Tessolve into the largest global provider of semiconductor engineering services. Their sector expertise and experience building technology leaders should be a great asset to Tessolve.” ....

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