TechFlow News: On May 8, Tessera Labs, an enterprise software startup based in San Jose, closed an oversubscribed $60 million Series A funding round 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 reduces SAP and ERP transformation timelines from years to weeks and cuts costs by more than half. Proceeds from this round will accelerate platform development, expand the go-to-market team, and grow the AI research and industry expert teams.
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