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Tessera Secures $60 Million...

Updated May 6, 2026

SOLD

Tessera Secures $60 Million Series A Investment From Andreessen Horowitz In AI Transformation Platform

Building Size

—

Asset Type

—

Closing

May 6, 2026

About this deal

AI

Tessera, an AI enterprise transformation platform, announced a $60 million Series A investment led by Andreessen Horowitz. This funding is aimed at enhancing their software capabilities to automate complex ERP migrations and integrations, which have traditionally been managed by consulting firms through lengthy and expensive programs.

Summary of transaction details:

  • Deal Type: Series A
  • Transaction Amount: $60,000,000
  • Company: Tessera
  • Founder: Kabir Nagrecha
  • Investor: Andreessen Horowitz
  • Headquarters: San Jose, California

Tessera was founded to shift the focus from labor-heavy consulting toward software-driven execution, aiming to significantly reduce transformation timelines. The company seeks to leverage AI to ingest legacy SAP ECC environments and create new S/4HANA implementations, changing the landscape of enterprise IT operations.

Players

TG
Tesseract Capital GroupBuyer

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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