Sankalp gets $5 Million to Speed North American and European Growth
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,” Patel concluded.
“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.