Tessera Labs, a San Jose, CA-based AI-native platform for enterprise ERP transformations, has raised $60 million in an oversubscribed funding round.
Investors
The round was led by Andreessen Horowitz (a16z), with participation from Foundation Capital, Myriad Venture Partners, and Osage University Partners.
Andreessen Horowitz (a16z) is a venture capital firm that backs bold entrepreneurs shaping the future through technology. Founded in 2009, the firm manages multiple funds across stages, sectors, and geographies, with more than $46 billion in committed capital. a16z invests in seed- to growth-stage companies across AI, bio + healthcare, consumer, crypto, enterprise, fintech, gaming, infrastructure, and companies building toward American dynamism. The firm currently has more than $90 billion in assets under management across multiple funds.
Tessera Labs Use of Funds
The company will use the funds to accelerate platform development, expand go-to-market operations, and grow its team of AI researchers and enterprise domain experts.
About Tessera Labs
Led by CEO Kabir Nagrecha, Tessera Labs is an enterprise AI company focused on modernizing ERP and enterprise transformation processes through AI-native automation. Its vendor-agnostic, multi-agent AI platform is designed to accelerate and simplify large-scale enterprise system transformations by using natural language inputs and orchestrating secure changes across ERP, HCM, CRM, procurement, and other systems. Headquartered in San Jose, California, the company serves Fortune 500 customers across industries including manufacturing, technology, retail, consumer goods, and utilities.
Funding Details
Company: Tessera Labs
Raised: $60.0M
Round: Funding Round
Funding Date: May 2026
Lead Investor: Andreessen Horowitz (a16z)
Additional Investors: Foundation Capital, Myriad Venture Partners, Osage University Partners
Company Website: https://www.tesseralabs.ai/
Software Category: Enterprise AI / ERP Modernization Software
Source: https://www.businesswire.com/news/home/20260506853624/en/