Tessera Labs
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Investors
Founders
About
Tessera Labs is a San Jose-based vendor-agnostic, multi-agent AI platform for ERP modernization, founded in 2025 by CEO Kabir Nagrecha and COO Ming Chang 12. The company’s platform is pre-trained on thousands of organizational landscapes and aims to compress enterprise transformation timelines from years to weeks while reducing costs by more than 50% 12. The $60M Series A announced May 6, 2026 was led by Andreessen Horowitz with participation from Foundation Capital, Myriad Venture Partners, and Osage University Partners; a16z partner Seema Amble joined the board 2.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-05-06 | Series A | $60M | Andreessen Horowitz | Foundation Capital, Myriad Venture Partners, Osage University Partners 12 |
What Investors Say
No independently sourced investor quotes found at this time.
What Founders Say
Kabir Nagrecha, CEO and Co-Founder, said: “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.” 1
Sources
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Tech Funding News, “a16z leads Tessera Labs’ $60M round to automate SAP and ERP migrations with AI,” May 8, 2026. Accessed May 2026. https://techfundingnews.com/tessera-labs-60m-series-a-a16z-erp-sap-migration-ai/↩↩↩↩
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BusinessWire, “Tessera Labs Raises $60M in Funding Led by Andreessen Horowitz to Transform ERP Modernization,” May 6, 2026. Accessed May 2026. https://www.businesswire.com/news/home/20260506853624/en/Tessera-Labs-Raises-$60M-in-Funding-Led-by-Andreessen-Horowitz-to-Transform-ERP-Modernization↩↩↩↩