# Tessera Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tessera-labs

- Industry: Software
- Headquarters: San Jose, US
- Website: www.tesseralabs.ai
- Total disclosed funding: $60M
- Latest round: Series A (May 5, 2026)
- Investors on record: 4

## About

Tessera Labs, founded in 2024 by CEO Kabir Nagrecha and COO Ming Chang and headquartered in California, US, provides AI solutions that modernize ERP systems. The company has successfully raised USD 60 mn in Series A funding led by Andreessen Horowitz, with participation from Foundation Capital, Myriad Venture Partners, and OUP (Osage University Partners). The series A funding values Tessera Labs at USD 286.17 million post-money.

Tessera offers enterprise-grade AI solutions that facilitate ERP modernization, significantly improving efficiency and reducing transformation timelines. The flagship product, the Tessera platform, integrates multi-agent AI to enhance processes across ERP systems and connected applications, including SAP, Salesforce, Workday, and Oracle. This platform enables organizations to transition to SAP S/4HANA more rapidly while maintaining mission-critical operations. Tessera’s clientele mainly consists of large enterprises in regulated sectors, ensuring compliance and operational continuity, with a focus on markets in North America and Europe.

Tessera operates under a subscription-based revenue model, allowing clients access to its suite of AI-driven ERP modernization solutions. Client engagements involve structured agreements, potentially including annual subscriptions for the Tessera platform, tailored support services, and strategic partnerships for ongoing transformation projects. The comprehensive service offering includes features such as multi-agent automation and enterprise governance, with each engagement customized to meet specific operational needs.

Tessera Labs plans to utilize the USD 60 mn raised in Series A funding to accelerate platform development, expand go-to-market operations, and grow its team of AI researchers and enterprise domain experts.

## Funding rounds

- Series A, May 5, 2026, $60M — Foundation Capital, OUP (Osage University Partners), Andreessen Horowitz, Myriad Venture Partners

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series A
- OUP (Osage University Partners) (https://capitalatlas.ai/funds/oup-osage-university-partners) — Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A
- Myriad Venture Partners (https://capitalatlas.ai/funds/myriad-venture-partners) — Series A