Conduct raises $60M Series A for an enterprise software 'AI OS'

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What happened

London-based Conduct raised a $60 million Series A co-led by Index Ventures and ICONIQ, with a strategic investment from SAP, bringing total funding to about $72 million. The company, with roughly 35 employees, was founded by former Palantir leaders JP Haas, Philipp Hoefer and Henry Thompson. It builds what it calls an AI operating system for safely changing core enterprise software such as SAP ERP.

Conduct ingests an organization's custom code, configurations and dependencies, maps them to business logic, and then generates the code and tests needed to make changes. Customers include Fraport, Daimler Truck and DHL, and Conduct was named a strategic AI partner for SAP Cloud ERP.

Why it matters

Changing core ERP systems is notoriously risky, and mapping custom code to business logic before generating changes targets exactly that pain. SAP's strategic investment and partnership give the approach credibility in a domain where trust is hard-won.

Generating tests alongside changes is a meaningful detail, since verification is what makes automated edits to critical systems tolerable.

MintedBrain take

Automating changes to core ERP is high-value and high-risk, and generated tests are only as good as their coverage. If you evaluate Conduct, scrutinize how thoroughly it verifies changes against your real business logic, and keep staged rollouts and rollback plans firmly in place.

References

This article was originally published at Index Ventures. For the full piece, read the original article.

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