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Startup Funding: April 2021


Startup Funding: April 2021
April showers brought mega fundraising rounds to the semiconductor industry. In China, a mobile chipset maker looking to go public won significant funding along with partnerships with major smartphone companies. In the US, AI hardware startups are drawing interest with unique processor architectures and business models. Plus, a major test and design services company drew new investment. This month, we take a look at 22 companies that collectively raised over $2.3B.
Semi & design
Guosheng Capital,
Haier Financial, and
W&W Fund among the participants. The fabless company designs a range of chipsets for mobile and IoT/IIoT applications, including 5G mobile and baseband as well as NB-IoT. It is currently working with Xiaomi and OPPO on a sub-6GHz 5G chip. Formerly known as Spreadtrum before its acquisition by Tsinghua Unigroup, Unisoc is based in Shanghai, China. It is reportedly preparing to list on the Shanghai STAR market later this ....

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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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Tessolve raises $40 mn from Singapore's Novo Tellus at $100 mn valuation


Tessolve, a Hero Electronix venture, has raised $40 million from Novo Tellus Capital Partners, a leading private equity firm based out of Singapore at a $100-million valuation. Tessolve is a global provider of engineering and research and development services to semiconductor companies. The funding will be used by Tessolve to drive further growth through acquisitions and organic investments.
“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,” said Ujjwal Munjal, founder director, Hero Electronix. “Their sector expertise and experience in building technology leaders should be a great asset to Tessolve.” ....

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