Conduct, a company developing an AI operating system for enterprise software, has successfully closed a $60 million Series A funding round. The investment was co-led by prominent venture firms Index Ventures and ICONIQ, with a strategic contribution from software giant SAP and participation from existing investors. This capital infusion will fuel Conduct's mission to help large organizations understand, operate, and modify their deeply complex IT systems with unprecedented speed and clarity.
Addressing Decades of Software Complexity
Large enterprises often operate on systems that have been heavily customized over decades, creating a significant barrier to agility and innovation. Changing critical business processes traditionally required months of manual effort to decipher millions of lines of custom code and undocumented dependencies. Conduct's platform directly addresses this challenge by automating system analysis, making these opaque systems transparent and manageable for the first time.
The Technology Behind the Transformation
The company's AI-powered operating system ingests and analyzes an enterprise's custom code, configurations, and integrations across its core software landscape. It then constructs a comprehensive map connecting every technical component to the specific business logic it supports, from procurement rules to supply-chain dependencies. This allows teams to instantly understand the impact of potential changes and generate the necessary code to implement them safely.
Founder Vision and Market Momentum
The founding team, composed of former Palantir leaders JP Haas, Philipp Hoefer, and Henry Thompson, drew from direct experience with this pervasive industry problem. CEO Jan Philipp Haas explained that system opacity is a major roadblock for AI, as agents can only act on systems they fully understand. Conduct's solution arrives as companies urgently seek to make their critical software AI-ready while migrating to modern cloud platforms like SAP Cloud ERP.
Strategic Backing and Industry Adoption
The investment from industry leaders underscores the critical need for Conduct's technology in the current market. Seth Pierrepont of ICONIQ highlighted that Conduct makes decades of trapped business logic understandable and executable, removing a key bottleneck. The company has already secured major clients like Daimler Truck, DHL, and Fraport, who report transformation workstreams accelerating by over 30 percent.
Future Plans and Strategic Partnerships
With the new capital, Conduct plans to expand its engineering and go-to-market teams, particularly in the United States, while deepening its capabilities within the SAP ecosystem. The company will also accelerate its work across other major platforms, including Salesforce and Oracle, to broaden its market reach. Its strategic partnerships with SAP, BCG, and NTT DATA Business Solutions will be instrumental in supporting large-scale enterprise transformation programs globally.
This $60 million funding round marks a significant milestone for Conduct, positioning it to redefine how enterprises manage their core technology infrastructure. By translating decades of complex customizations into an understandable and operable map, the company removes a critical bottleneck to digital transformation and AI adoption. Conduct is now poised to become an essential partner for businesses aiming to execute decisions at the speed required in the modern era.