This 22 Year-Old Just Raised $60 Million To Automate This ‘Sneaky Big’ Enterprise Market

Tessera Labs came out of stealth with a $60 million Series A led by Andreessen Horowitz, valuing the startup at $320 million.

The company says its AI agents can automate complex ERP and enterprise IT transformation work that is usually done by large consulting and systems-integration teams.

Tessera is targeting a huge, under-the-radar market where companies spend heavily on migrations, upgrades, and change orders.

Customers and investors include Merck, Xerox, Foundation Capital, Myriad Venture Partners, and Osage University Partners.