Conduct’s $60M raise shows enterprise AI is coming for legacy ERP
Conduct raised a $60M Series A to help enterprises understand and modernise complex legacy ERP systems, especially SAP environments.
Enterprise AI is most valuable where business systems are messy, expensive and hard to change. Conduct’s raise goes straight into that problem.
What happened
London-based Conduct raised a $60M Series A.
The company was founded by three former Palantir employees. The round was co-led by Index Ventures and Iconiq, with strategic investment from SAP and participation from existing investors Creandum, Lucid Capital and Booom.
Conduct helps enterprises understand, operate and modernise complex legacy ERP systems, especially SAP environments.
Why it matters
This is a very strong enterprise AI item.
ERP systems sit at the centre of large-company operations, but they are often customised, fragmented and difficult to modernise. Conduct’s angle is not a generic AI chatbot; it is AI applied to old systems where operational understanding is genuinely valuable.
The bigger picture
The biggest enterprise AI opportunities may live inside boring legacy workflows.
If Conduct can make ERP systems easier to understand and operate, it could create real ROI for large enterprises. That is exactly the kind of AI use case investors like: painful, expensive and deeply embedded.