Conduct Raises $60M Series A From Index, ICONIQ and SAP

Conduct raises $60M Series A from Index, ICONIQ and SAP

There is an unglamorous deadline bearing down on corporate IT, and it has just produced one of London’s more interesting AI raises. Conduct, a 35-person startup founded by three former Palantir engineers, has raised a $60mn Series A co-led by Index Ventures and ICONIQ, with SAP itself investing. The round takes its total funding to […] This story continues at The Next Web

Conduct raises $60M to speed up software modernization projects

Conduct AI Ltd today announced that it has raised $60 million in funding to enhance its namesake code modernization platform. Index Ventures and ICONIQ co-led the Series A investment. They were joined by SAP SE along with returning backers Creandum, Lucid Capital and Booom. The off-the-shelf software products that companies use often don’t contain all […] The post Conduct raises $60M to speed up software modernization projects appeared first on …

Why ICONIQ led a $60M Series A for a London startup fixing SAP

ICONIQ, which has backed Snowflake, Databricks, Anthropic, and ElevenLabs, has just invested in a 35-person London startup at the Series A stage. Conduct raised $60 million in a round co-led by Index Ventures and ICONIQ, with SAP also investing. The goal is to help large companies understand and change their complex software systems. Mainstream SAP ECC support ends December 31, 2027. According to Gartner, approximately 17,000 of 35,000 ECC custo…

Ex-Palantir team behind Conduct raises €51 million to make enterprise systems AI-ready

London-based Conduct, an AI OS that help enterprises understand, operate, and change their software systems, today announced a €51 million ($60 million) Series A to expand its engineering and go-to-market teams, deepen its SAP capabilities, and accelerate work across Salesforce, Oracle, MES, WMS, and other systems.  The round was co-led by Index Ventures and ICONIQ, with strategic investment from SAP and participation from existing investors Cre…

AI operating system startup Conduct closes £45m round

Conduct, a startup that has developed an “AI operating system” for managing complex software systems, has secured a $60m (£44.72m) Series A funding round. The idea behind Conduct is helping large enterprises continue to run on bloated systems that have had thousands of changes and customisations over the years. Changing or update critical processes regarding workflows, approval chains or supply-chain dependencies can take going through millions …