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 secured $60M in Series A funding to scale AI-powered automation of enterprise IT migrations and ERP transformations, addressing a $1.4 trillion market opportunity dominated by expensive consulting services. This represents a strategic shift in how enterprises can execute complex digital transformations at scale, potentially reducing consulting costs while accelerating deployment timelines. For IT leaders, this signals both an emerging competitive threat to traditional implementation approaches and an opportunity to modernize transformation capabilities with AI-driven automation.