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 year.
[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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Share on 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.”
Karunya Institute of Technology and Sciences – A place to cherish and flourish
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Mediawire | Updated: Apr 1, 2021, 15:49 IST
Karunya Institute of Technology and Sciences - Investing in the future generations
Nestled in the lap of nature in the Western Ghats and known for its tranquility & serene campus, KITS has had a remarkable journey since 1986 when it was established. From a humble beginning of 180 students, KITS has rapidly grown to a strength of 8000 UG, PG & PhD students and over 30,000 alumni. Various Programs are offered in the fields of Engineering, Agriculture, Bio-Sciences, Criminology, Management, Media, Design, Commerce, Allied Health Sciences, Data Science and Forensic Science in UG, PG and Doctoral Levels. Karunya is ranked among the Top 100 Engineering Institutions in India by NIRF, MHRD. The institution focuses on the overall development of the students, centering on academic excellence, value based teaching and societal service.