AI automation startup Tessera Labs completes $60 million funding round, led by a16z

Odaily Planet Daily News: AI automation startup Tessera Labs announced the completion of a $60 million funding round, led by a16z, with participation from Foundation Capital, Myriad Venture Partners, and Osage University Partners. The company primarily leverages AI to automate enterprise SAP and ERP migration and modernization processes. Its AI-native platform can compress enterprise transformation project timelines from years to weeks and reduce costs by more than half. (TechfundingNews)