Tessera Labs Raises $60M

Tessera Labs raised an oversubscribed $60 million funding round led by Andreessen Horowitz, with participation from Foundation Capital, Myriad Venture Partners, and Osage University Partners.

The company said it will use the capital to expand its platform, strengthen sales and go-to-market efforts, and grow its AI team.

Tessera Labs is building AI-native automation tools for enterprise transformation, including modernization work for SAP-heavy environments.

The new funding gives the startup more resources to compete in a fast-growing market for enterprise AI automation.