Tessera Labs raised $60 million in an oversubscribed funding round led by Andreessen Horowitz, as companies running critical software systems look to cut the time and cost of large-scale modernization projects.

Foundation Capital, Myriad Venture Partners and Osage University Partners also participated. Tessera said the capital will go toward product development, expanding go-to-market efforts and hiring AI researchers and transformation specialists.

“Enterprise transformation has never been more urgent,” said Kabir Nagrecha, Tessera’s co-founder and CEO, adding that the company aims to deliver in weeks work that “traditionally takes years,” while meeting governance and reliability requirements for mission-critical programs.

Tessera’s platform is trained on prior transformation work and can translate business requirements into orchestrated changes across multiple systems while remaining vendor-agnostic. The company cited recent wins including a top-five biopharmaceutical company undertaking a multiyear ERP program and a Fortune 500 document-technology and business-services provider upgrading enterprise systems.

Early customers have reported cutting timelines from years to weeks and reducing costs by more than half, Tessera said. The founding team includes former engineers and researchers from Meta, Netflix and Apple, along with SAP veterans, a mix the company says helps it sell into conservative IT environments where downtime and compliance risks are high.