AI systems integrator Tessera Labs raises $60 million in Series A funding led by a16z.

CoinFeed, May 6th - Tessera, an AI-native systems integration platform, announced the completion of a $60 million Series A funding round, led by a16z. Tessera stated that it will leverage large models and intelligent agents to restructure traditional enterprise systems integration (SI) processes, completing projects that previously required years of human-intensive consulting in just a few weeks. Its focus is on serving the migration and upgrade of large enterprise systems such as SAP. The company stated that this round of funding will be used to expand its engineering, research, and operations teams, accelerating product deployment and market expansion. The company is dedicated to building solutions that address pain points in enterprise ERP upgrades and transformations, such as migrating from SAP ECC to S/4HANA. The global systems integration market currently sees annual spending exceeding $500 billion.