Investing in Tessera Labs
a16z Invests in Terrera's Series A
America | Tech | Opinion | Culture | Charts
They say you should invest in big markets.
It’s hard to think of a larger market than the one for SIs (system integrators). Large companies can have 50+ ERPs across their many divisions, and spend hundreds of millions each annually on ERP transformation (as well as other systems of record like their CRM and HRIS). There is a vast amount of services spend both internally and externally on consultants and SIs to do migrations and maintenance - companies spend over $500 billion dollars annually on this.
They say you should invest in great people.
Kabir is a whiz kid. After starting college at 13, he graduated from UC San Diego with a CS degree at 17, earned his PhD there at 21 (where his advisor described him as “the strongest research student I have ever advised/mentored in my career” with an “unprecedented … slate of research accolades”), and went on to do research at Meta before founding Tessera. In the 18 months since, he’s closed multimillion-dollar ACV contracts with large enterprise CIOs and recruited a team of more than 30 people (including six people from Netflix, where he was an intern). Kabir’s slope has been one of one.
When you find a great person building in a big market, partnering is a no brainer.
That is what we found in Tessera, where Kabir is building an AI-native system integrator for enterprise transformations. ERP transformations are a massive pain point for enterprise IT teams, often costing companies millions of dollars in consulting costs to analyze custom code, map and validate data, redesign business processes, test integrations, and manage cutovers. Tessera is initially focused on SAP upgrades, including ECC to S/4HANA, but the broader vision is far bigger: to automate the management and modernization of enterprise software systems end to end.
We’re thrilled to partner with Tessera Labs for their Series A.
If you are a talented engineer or operator and interested in deploying frontier intelligence into one of the world’s largest markets at one of its fastest-growing startups, you should consider joining them.
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