Tekcaptial portfolio company Guident has announced the appointment of Michael Tessler to its Board of Directors ahead of the AV safety company’s proposed NASDAQ IPO.
In a clear sign of intent, Guident has bolstered its leadership team with US tech titan Michael Tessler, who brings deep experience scaling listed technology businesses and achieving a billion-dollar takeover.
Michael Tessler founded BroadSoft before growing the company to a technology and communications giant with 2,000 employees serving customers in more than 80 countries.
BroadSoft was acquired by Cisco for $1.9bn in 2018.
Tessler brings this expertise to Guident as the company prepares for a proposed NASDAQ IPO at a time of accelerating adoption and deployment of autonomous vehicles.
“I am excited to join Guident’s Board at such a transformative time for the AV industry. Guident’s groundbreaking technology has the potential to redefine safety and reliability in autonomous transportation. I look forward to working with the Board and management team to help guide the company’s strategic direction and growth,” Michael Tessler said.
Guident provides safety technology for a range of autonomous vehicles, including buses, shuttles and surveillance robots. Tessler’s appointment will support the rollout of Guident’s technology to additional customers and add a heavyweight to the board ahead of a major milestone in Guident’s growth story.
“We are honoured to welcome Michael Tessler to Guident’s Board of Directors,” said Harald Braun, Chairman and CEO of Guident.
“Michael’s established track record in building high-growth technology companies and his visionary leadership will be pivotal as we continue to expand our solutions for safe and reliable remote monitoring and teleoperation of autonomous vehicles.”