Series A
$60M
Andreessen Horowitz · LeadMyriad Venture PartnersOsage University PartnersFoundation Capital
Startup profile
Tessera Labs
Series ASan Jose, California, United States$60M raised
Open roles20
Total raised$60M
Team size51-200
Founded · Stage2024 · Series A
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Get StartedAbout the company
What they build and who they serve.
Tessera Labs is a Silicon Valley startup building a vendor-agnostic, multi-agent AI platform for enterprise ERP modernization. The system captures business requirements in natural language and orchestrates secure change across ERP, HCM, CRM, and procurement systems, with early customers including a top-five global biopharmaceutical company and a Fortune 500 document-technology leader. Co-founded by CEO Kabir Nagrecha and COO Ming Chang, the team combines AI researchers from Meta, Netflix, and Apple with veterans of SAP MaxAttention.
Why it matters
Signals from funding, traction, and product direction.
- The $60M Series A was oversubscribed, signaling strong investor demand for the AI-native ERP modernization thesis.
- a16z Partner Seema Amble joined the Tessera Labs board of directors as part of the round.
- Customer roster includes a top-five global biopharmaceutical company and a Fortune 500 document-technology and business-services leader, both undergoing multi-year ERP transformations.
- Founding team blends AI researchers from Meta, Netflix, and Apple with veterans of SAP MaxAttention and SAP core product teams.
- Tessera says its platform compresses ERP transformation timelines from years to weeks and cuts costs by more than half.
Funding history
Rounds and investors over time, newest first.
In the news
Press, announcements, and coverage about this company.
Investors
Andreessen HorowitzMyriad Venture PartnersOsage University PartnersFoundation Capital
Focus areas
Series AAI/MLEnterprise Software
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