Conduct Lands $60M to Automate Enterprise Software Modernization with AI OS
Conduct's AI operating system just raised $60 million to cut enterprise system change cycles from months to minutes. The platform maps decades of customizations in SAP and other core systems, automatically generating safe code changes—a critical capability as thousands of companies race to SAP S/4HANA migrations before 2027. This signals a new wave of AI tools tackling brownfield complexity in SaaS infrastructure.
Key Takeaways
- Conduct's AI operating system just raised $60 million to cut enterprise system change cycles from months to minutes.
- The platform maps decades of customizations in SAP and other core systems, automatically generating safe code changes—a critical capability as thousands of companies race to SAP S/4HANA migrations before 2027.
- This signals a new wave of AI tools tackling brownfield complexity in SaaS infrastructure.
Mentioned
Key Intelligence
Key Facts
- 1Conduct has raised a $60 million Series A round co-led by Index Ventures and ICONIQ Growth, with strategic participation from SAP.
- 2The platform maps decades of customizations, dependencies, and integrations across core enterprise systems to accelerate business decision execution from weeks or months to near real-time.
- 3SAP's investment aligns with a surge in enterprise migrations to SAP S/4HANA Cloud, driven by the 2027 end of mainstream maintenance for SAP ECC.
- 4Existing investors Creandum, Lucid Capital, and Booom also participated, bringing total known funding to this $60 million round aimed at accelerating growth amid enterprise AI-readiness initiatives.
- 5Conduct's AI OS automatically generates code, tests, and implementation plans for system changes, targeting the brownfield complexity that stalls digital transformation in large organizations.
Funds growth as enterprises race to SAP S/4HANA migration timelines
Who's Affected
Analysis
For SaaS providers and internal IT platforms, the hardest legacy challenge isn't building new features—it's untangling decades of custom code to make simple business changes. Conduct, which today announced a $60 million Series A from Index Ventures, ICONIQ, and SAP, claims to solve that by ingesting entire system landscapes and using AI to map every technical dependency to business logic. The promise: turn a multi-month ERP change request into a code-generated execution plan in hours, a direct shot at the multi-billion-dollar enterprise modernization bottleneck.
On June 17, 2026, enterprise AI startup Conduct announced a substantial $60 million Series A funding round co-led by Index Ventures and ICONIQ Capital, with strategic investment from SAP. According to the company's press release, the round also saw participation from existing investors Creandum, Lucid Capital, and Booom. Positioned as an "AI operating system" for enterprises, Conduct tackles a pervasive problem: the decades of accumulated customizations, undocumented dependencies, and intricate integrations within core business systems that make even simple changes—like updating a pricing rule or opening a new factory—a multi-month endeavor. The startup claims that by ingesting millions of lines of custom code, configurations, and workflows, its platform automatically maps how every technical component connects to actual business logic, then generates the code, tests, and implementation steps required to execute changes safely and rapidly. This effectively collapses the traditional gap between a business decision and its execution from weeks or months to near real-time.
On June 17, 2026, enterprise AI startup Conduct announced a substantial $60 million Series A funding round co-led by Index Ventures and ICONIQ Capital, with strategic investment from SAP.
The funding arrives at a critical juncture for the enterprise software ecosystem. Thousands of organizations are racing to migrate their heavily customized SAP landscapes to SAP Cloud ERP (S/4HANA) ahead of the 2027 end of mainstream maintenance for SAP ECC. This migration is not a simple lift-and-shift; it requires deep understanding of decades-old modifications, integration points, and business rules encoded in ABAP and other legacy artifacts. Conduct directly addresses this pain point, positioning itself as an essential enabler for AI-ready transformations. The strategic involvement of SAP as an investor is particularly telling: it signals that SAP sees Conduct's technology as complementary to its own cloud roadmap, potentially smoothing the path for its massive installed base to adopt S/4HANA without getting bogged down in multi-year consulting engagements. For Index Ventures and ICONIQ Growth, this bet aligns with a broader venture thesis around AI agents that operate on existing enterprise codebases—a market that could be worth tens of billions as GenAI shifts from generating greenfield code to understanding and refactoring brownfield estates.
What to Watch
Beyond the SAP ecosystem, Conduct's value proposition speaks to a structural inefficiency in how large companies manage mission-critical software. The average Fortune 500 company runs on ERP, CRM, and SCM systems that have been customized hundreds of thousands of times over decades. When a regulatory change, M&A integration, or new product launch requires system adaptations, internal IT teams often resort to months of manual code inspection, reverse-engineering, and brittle handoffs between developers, business analysts, and external consultants. Conduct promises to replace that slow, error-prone loop with an AI-native layer that abstracts complexity and generates verifiable implementation plans. If successful, the technology could redefine the meaning of "business agility" by decoupling the pace of corporate decision-making from the rigidity of legacy architectures.
The $60 million raise—unusually large for a Series A—reflects the capital intensity of developing an AI system that must handle the idiosyncratic, undocumented realities of real-world enterprise environments rather than clean sandbox data. It also underscores growing investor conviction that the next wave of enterprise AI is not about chatbots or copilots, but about systems that deeply understand and autonomously operate complex business logic. While the press release is promotional and unverified, the calibre of investors—particularly SAP's direct participation—lends credibility to Conduct's technical claims. However, significant challenges remain: enterprise trust in AI-generated code changes that touch financial or supply chain systems will be hard-won, and incumbents like ServiceNow, IBM, and hyperscaler-native tools are adding similar capabilities. Conduct's success will depend on execution velocity and its ability to prove that AI-driven system refactoring is as reliable as it is fast, especially in heavily regulated industries. Looking ahead, the company's growth trajectory will serve as a bellwether for the emerging category of AI operating systems that don't just assist humans but actually orchestrate change within the enterprise's digital backbone.
Sources
Sources
Based on 3 source articles- californiatelegraph.comConduct Raises $60 Million Series A Round from Index , ICONIQ , and SAPJun 17, 2026
- hawaiitelegraph.comConduct Raises $60 Million Series A Round from Index , ICONIQ , and SAPJun 17, 2026
- itnewsonline.comIT News Online - Conduct Raises $60 Million Series A Round from Index , ICONIQ , and SAPJun 17, 2026
Cite This Page
"Conduct Lands $60M to Automate Enterprise Software Modernization with AI OS." SaaS Intelligence Brief, July 25, 2026. https://getsaasbrief.com/story/conduct-60m-series-a-ai-os
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