Tessera Labs, which uses AI agents to automate enterprise IT migrations and ERP transformations, raised a $60M Series A led by a16z at a $320M valuation (Anna Tong/Forbes)

Tessera Labs has successfully raised $60 million in a Series A funding round led by Andreessen Horowitz, achieving a valuation of $320 million. The company focuses on utilizing AI agents to streamline enterprise IT migrations and ERP transformations, aiming to reduce the significant costs associated with IT consulting. This funding will help Tessera Labs further develop its technology to tackle the $1.4 trillion consulting market.