Participated · Series C · Nov 2022

Atomica Corp. is a pioneer and the largest US MEMS foundry, producing micro- and nano-scale structures on silicon, glass, and other substrates for sensing and mechanical functions. It leverages semiconductor wafer manufacturing processes and partners with system vendors and fabless device firms globally to commercialize MEMS technologies. The company operates a 130,000 ft² manufacturing campus in Santa Barbara, California, including a 30,000 ft² class 100 cleanroom, and is ISO 9001 certified and ITAR registered. Atomica serves applications across genomics, cell therapy, molecular diagnostics, 5G, IoT sensing, cloud computing, and autonomous vehicles. In November 2022 the company announced a $30 million Series C to expand foundry capabilities, advance MEMS technologies, and support domestic production of biochips, sensors, and photonic circuits. Investors in the round include Cerium Technology Ventures, Novo Tellus Capital Partners, and St. Cloud Capital.

Led · Equity · Apr 2021

Tessolve offers end-to-end semiconductor and embedded engineering services spanning chip architecture and design through testing, validation, and embedded systems integration. The company works with 90% of the top 20 semiconductor firms and employs over 3,000 engineers across 12 countries, supporting clients in North America, Europe, and Asia. Tessolve has expanded its capabilities via acquisitions such as Germany’s Dream Chip Technologies, adding full-chip turnkey design expertise. The firm plans to use new capital to accelerate R&D, build advanced test labs, expand global delivery centers, and enhance proprietary engineering platforms. Tessolve will also pursue strategic acquisitions to broaden capabilities and enter new markets. Its target verticals include automotive electronics, AI-driven systems, industrial automation, and high-performance computing. Tessolve provides end-to-end engineering services to semiconductor firms, including chip design, test and PCB engineering, product engineering and embedded systems development. It transitioned from a semiconductor test services provider to a full engineering solutions partner with capabilities across Analog, Digital, Mixed Signal and RF. Tessolve reported $75M in 2020 revenue and has delivered year-on-year growth of over 30% since a majority investment by Hero Electronix in 2016. The company employs more than 2,000 people and operates 15 offices across the US, India, Singapore, Malaysia, Europe, the UK and Taiwan, serving marquee customers including eight of the top ten semiconductor companies. Tessolve plans to use new capital to pursue acquisitions and organic investments, strengthen chip design and embedded services and expand its ASIC design business. The company also intends to scale its India operations, invest in local talent development and deepen its presence in key markets across the US, Europe, Southeast Asia, Korea and Japan. Tessolve Services is a full-service semiconductor test and product engineering company based in Bangalore, India. It provides engineering capability across Design for Testability (DFT), package design, test development, characterization and optimized production to lower costs throughout a product's life. The company is equipped with sophisticated test systems and a dedicated engineering team to develop test solutions for RF, advanced mixed-signal, memory and digital devices. Tessolve employs over 400 people. The company has announced it will use new capital from its Series C financing to fund both organic and inorganic growth.