- San Jose-based Tessera Labs has raised $60M in an oversubscribed Series A led by Andreessen Horowitz, with Foundation Capital, Myriad Venture Partners, and Osage University Partners also participating.
- The company uses AI to compress ERP transformation timelines from years to weeks and cut costs by more than half.
- CEO Kabir Nagrecha started college at 13, earned his PhD at 20, and did research at Meta before founding Tessera
Tessera Labs, a Silicon Valley startup building an AI-native platform for enterprise ERP modernisation, has raised $60 million in an oversubscribed funding round led by Andreessen Horowitz.
Existing backers Foundation Capital, Myriad Venture Partners, and Osage University Partners also joined the round. The capital will accelerate platform development, scale go-to-market operations, and expand the company’s team of AI researchers and domain experts
Founded in 2025 by Kabir Nagrecha and Ming Chang, Tessera is targeting one of the toughest parts of enterprise software: transformation programs that touch critical business functions and usually require large consulting teams, long timelines and heavy spending.
These projects are usually expensive, slow and risky, often taking years to complete. Tessera says its platform can cut that process down to weeks while reducing costs by more than half.
“Enterprise transformation has never been more urgent, and the technology to accelerate it has never been more powerful. Tessera Labs exists to close that gap, delivering in weeks what traditionally takes years, with the governance and reliability that mission-critical programs demand,” says Nagrecha.
The vendor-agnostic platform allows businesses to describe requirements in natural language and then helps manage changes across multiple systems while maintaining governance, security, and traceability.
Early adopters report transformation timelines compressed from years to weeks, costs reduced by more than half, and outcomes delivered right the first time, without the disruption typical of large-scale ERP projects.
Competitors, including Celonis and ServiceNow, are also pushing into ERP automation, but Tessera is positioning itself as purpose-built for the full migration workflow rather than process mining or workflow automation on top of existing systems.
The $60M will go toward accelerating platform development, scaling go-to-market operations, and expanding the team of AI researchers and domain experts.
