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Conduct

London, United Kingdom

series-a$60M raisedEnterprise SoftwareAI InfrastructureDeveloper Tools

Total Raised

$60M

Stage

series-a

Location

London, United Kingdom

Founded

2024

Team size

11-50

Links

About Conduct

AI platform that makes enterprise systems AI-ready, founded by ex-Palantir team members.

What sets it apart

It applies agentic AI to map and explain custom enterprise system logic, letting organizations understand and change legacy software much faster than traditional manual analysis.[1][3][7]

Sectors

Enterprise SoftwareAI InfrastructureDeveloper ToolsERPIT operations

Business

ModelSaaS

CustomerLarge enterprises with complex, customized ERP and core business systems, especially IT teams managing SAP environments

Notable

  • Raised a $12M seed round led by Creandum with participation from Lucid Capital, Booom, and angels.[2][3][5]
  • Raised a $60M Series A co-led by Index Ventures and ICONIQ, with strategic investment from SAP.[1]
  • Signed major customers including Daimler Truck and Rittal.[3]

Funding rounds

17 Jun 2026

Led by Index Ventures, ICONIQ

With SAP, Creandum, Lucid Capital, Booom

Source ↗

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FAQ

What does Conduct do?

AI platform that makes enterprise systems AI-ready, founded by ex-Palantir team members.

Where is Conduct based?

Conduct is based in London, United Kingdom, founded in 2024.

How much has Conduct raised?

Conduct has raised $60M in tracked funding and is currently at the series-a stage.

Who has invested in Conduct?

Investors in Conduct include Creandum, Lucid Capital, Booom, Index Ventures, ICONIQ and SAP.