Strategic investment to enable Sankalp Semiconductor with accelerated growth in semiconductor design services space
Bengaluru, India – Oct 11, 2017 - Sankalp Semiconductor, a design service company offering comprehensive digital & mixed signal SoC services and solutions today announced that it has received investment from Stakeboat Capital Fund, a value oriented, alternative investment fund. The strategic investment from Stakeboat Capital will enable Sankalp Semiconductor to grow at an accelerated pace in North America, Asia and European markets.
“The investment further strengthens our position as the largest semiconductor services provider singularly focused in semiconductor domain. The round of investment is a validation of longevity and commitment to our customers.” said Samir Patel, CEO of Sankalp Semiconductor. “The investment also helps customers to more clearly distinguish between institutionalized companies such as Sankalp Semiconductor that are focused on a long-term engagement with its customers compared to companies that are driven by individuals with short term objectives.”
“Sankalp Semiconductor is a perfect fit from our investment philosophy point of view. We are excited to be associated with a company that has a positive brand value, high customer stickiness, and has been profitable from inception. We see this association to further strengthen Sankalp’s established processes for providing value to its customers through domain knowledge, automation, and scaling teams in the semiconductor services space.” said Chandrasekar Kandasamy, Managing Partner, Stakeboat Capital.
Sankalp Semiconductor was founded in 2005 with a focus to serve the semiconductor companies primarily offering analog & mixed signal design services. Today, Sankalp with a team of 650+ engineering professionals has design centers in Hubli, Bengaluru, Kolkata and Ottawa, Canada. The company provides unique advantage to its semiconductor customers by enabling them at any point of semiconductor services life cycle with the ability to provide end-to-end solutions.
About Sankalp Semiconductor
Sankalp Semiconductor offers an integrated portfolio of services and solutions to its customers in key semiconductor domains including analog, digital, high-speed physical interface IP, Embedded Memory Compiler and EDA modelling. Sankalp Semiconductor is a preferred semiconductor design service partners to multiple Fortune 500 companies in the Automotive, Consumer Electronics, Industrial IoT and Medical electronics space. The company enables its achieve their time-to-market window by delivering first pass silicon designs and engage with product engineering teams across the globe to design System-on-Chip. Sankalp Semiconductor is based in Sunnyvale, California, with offices in USA, India, Canada and Germany. www.sankalpsemi.com
Stakeboat Capital LLP is a value oriented, alternative investment firm, focused on small and medium companies in India. Stakeboat Capital is founded and managed by members who have strong experience in building and/or investing in large multi-million dollar businesses through organic growth and inorganic acquisitions, both in India and abroad. The members have been associated with the Indian venture capital and private equity industry over the last 28 years. They have invested in or founded companies whose current market capitalization is in excess of USD 8 Billion. www.stakeboat.com