Tessera Labs raises $60 million in Series A funding, led by a16z

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Deep Tide TechFlow news: On May 08, Tessera Labs, an enterprise software startup based in San Jose, completed an oversubscribed $60 million Series A funding round. The round was led by Andreessen Horowitz (a16z), with participation from Foundation Capital, Myriad Venture Partners, and Osage University Partners. Tessera Labs focuses on enterprise ERP modernization. Its AI-native platform can compress the SAP and ERP transformation cycle from several years to a few weeks, while reducing costs by more than half. This round of funding will be used to accelerate platform development, expand the go-to-market team, and grow its AI research and industry expert teams.

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