San Jose-based enterprise software startup Tessera Labs has completed a $60 million oversubscribed Series A round led by Andreessen Horowitz (a16z), with participation from Foundation Capital, Myriad Venture Partners, and Osage University Partners. Tessera Labs focuses on enterprise-grade ERP modernization, leveraging its AI-native platform to reduce SAP and ERP transformation cycles from years to weeks and cut costs by more than half. The funding will accelerate platform development, expand the go-to-market team, and grow the team of AI researchers and industry experts.
Tessera Labs Secures $60M Oversubscribed Series A Led by a16z
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Summary
Tessera Labs, a San Jose-based enterprise software startup, has closed a $60 million Series A round, oversubscribed and led by Andreessen Horowitz (a16z), with participation from Foundation Capital, Myriad Venture Partners, and Osage University Partners. The AI-native platform modernizes enterprise ERP systems, reducing SAP transformation cycles from years to weeks and cutting costs by more than 50%. Funding activity has surged as demand for AI-driven efficiency grows. The new capital will accelerate platform development, expand the go-to-market team, and grow the team of AI researchers and industry experts. Amid rising fear and greed indices across tech sectors, Tessera positions itself as a high-growth play in enterprise automation.
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