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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 ↗

◆ Explore the market

◆ 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.