Conduct, a London-based startup building an AI platform for enterprise IT teams, has raised a $60 million Series A round co-led by Index Ventures and ICONIQ, with strategic investment from SAP. Existing backers Creandum, Lucid Capital, and Booom also participated.
The company said the new funding will be used to expand its engineering and go-to-market teams, broaden its platform beyond SAP across the wider enterprise software stack, and establish a second headquarters in New York.
Conduct is positioning itself around a large enterprise challenge: helping companies understand and modify deeply customized internal software systems more quickly. The round signals continued investor interest in AI tools aimed at modernizing core business infrastructure, particularly in complex enterprise environments where software change can take months or years.
The company said the new funding will be used to expand its engineering and go-to-market teams, broaden its platform beyond SAP across the wider enterprise software stack, and establish a second headquarters in New York.
Conduct is positioning itself around a large enterprise challenge: helping companies understand and modify deeply customized internal software systems more quickly. The round signals continued investor interest in AI tools aimed at modernizing core business infrastructure, particularly in complex enterprise environments where software change can take months or years.