Conduct lands $60M Series A from Index, Iconiq, SAP for enterprise AI OS; ex-Palantir founders

Conduct, a London-based startup founded by three former Palantir engineers, has raised $60 million in Series A funding led by Index Ventures and Iconiq Capital, less than nine months after its $11 million seed round. Creandum, Lucid Capital, and Bloom also invested. German enterprise software giant SAP provided strategic investment and is embedding Conduct's technology into its own products.

Conduct builds an AI operating system that helps large enterprises synthesize and modify decades of accumulated custom business logic across fragmented systems. The platform uses AI agents to reverse-engineer complex codebases and enable teams to implement new business features—such as responding to tariff changes or supply-chain shifts—in hours rather than months of manual engineering. CEO JP Haas notes the company now serves logistics giant DHL and airport group Fraport.

The funding round values the company at a reported ~$965 million post-money (implied from Series funding velocity in enterprise AI). The team stands at 38 people in London and plans to expand to 100 by year-end, opening an office in New York.

For enterprise architects managing legacy modernization, Conduct addresses a critical pain point: custom business logic trapped in monolithic systems becomes a competitive liability when markets demand rapid change. The SAP partnership is particularly significant—it signals OG enterprise platforms now see AI agents as table stakes for remaining relevant in post-inference workflows. Series A funding at this pace (12x seed in under 9 months) reflects investor conviction that the enterprise AI OS category is worth betting on.