Conduct AI

Conduct builds an AI operating system that helps large enterprises understand, operate, modernise and migrate complex legacy software systems, with a particular focus on SAP ERP environments such as the transition off SAP ECC ahead of its 2027 end-of-support deadline. Founded in 2024 by three former Palantir engineers (Jan Philipp Haas, Philipp Hoefer and Henry Thompson), the London-based company uses AI agents to map and re-engineer heavily customised enterprise systems. It raised a roughly $12M seed round followed by a $60M Series A co-led by Index Ventures and ICONIQ with participation from SAP, bringing total funding to about $72M. SAP has named Conduct a strategic AI partner for SAP Cloud ERP transformation, and its customers include Daimler Truck, Heidelberg Materials and DHL. The team was around 35 people as of 2026.