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Lensing AI

“Can an AI-native ERP built by ex-SAP HANA architects displace SAP and Oracle at the Fortune 500?”

Founded2020
HQMountain View, CA (co-HQ Heidelberg, Germany)
FoundersFranz Faerber, Sandeep Chopra
Total raised$140M+
Latest roundSeries B, $125M
IndustryHorizontal SaaS / ERP
The story

Founded 2020 in stealth as Everest by former SAP HANA architect Franz Faerber and ex-Veeva PM Sandeep Chopra to rebuild ERP from scratch for SaaS revenue models. Emerged from stealth in Nov 2024 with $140M from Sutter Hill, Altimeter, Redpoint and D1. Rebranded to Lensing in 2026 alongside the launch of AiSpecify — extending the product from an AI-native ERP into an app-generation platform aimed at Fortune 500 CIOs replacing legacy SAP/Oracle stacks.

Last 12 months
2026-07
2026-02
Product timeline
2020
Company founded (originally code-named Everest) by ex-SAP HANA architect Franz Faerber and ex-Veeva product leader Sandeep Chopra.· founding
2024
Emerged from stealth with $140M funding and Beta release of AI-native ERP for SaaS companies.· launch
2025
Achieved SOC 2 Type II attestation (February 2025).· compliance
2026
Rebranded from Everest to Lensing; launched AiSpecify app-generation platform.· pivot
2026
Achieved ISO 27001 certification and updated SOC 2 Type II report.· compliance
2026
Raised $125M Series B (per PitchBook).· funding
The stack
3 layers disclosed in Lensing AI’s embedded-finance stack
Card issuing
deserve
Card network
in the full report
Accounting
in the full report
Accounting gap: none
3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.