Observed Signal · Sep 18, 2025 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Conduct Emerges with $12M to Modernize Legacy IT via AI Agents
London-based enterprise AI startup Conduct emerged from stealth with $12 million in seed funding to modernize legacy ERP systems using agentic AI. The round was led by Creandum, with participation from Lucid Capital, Booom, and angel investors from Palantir, Google DeepMind, Workday, and a senior SAP leader. Founded in 2024 by former Palantir leaders Jan Philipp Haas, Philipp Hoefer, and Henry Thompson, Conduct's platform allows enterprises to converse directly with their ERP systems, providing clarity on complex codebases and enabling faster innovation. The company addresses the burden of legacy ERP maintenance, which consumes 3-4% of enterprise revenue, and aims to support CIOs facing SAP's 2027 S/4HANA migration deadline.
A $12M seed round for an enterprise AI startup targeting legacy ERP modernization indicates growing investment in AI agents for enterprise IT, but limited direct relevance to advertising technology.
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Key Takeaways & Evidence Grounding
- Conduct raised $12 million in seed funding, led by Creandum.
- Investors include Lucid Capital, Booom, and angels from Palantir, Google DeepMind, Workday, and SAP.
- Conduct emerged from stealth to modernize legacy ERP systems using agentic AI.
- The company was founded in 2024 by former Palantir leaders.
- Conduct targets SAP S/4HANA migration deadline of 2027.
Connected Companies & Entities
5 Entities mapped“The round was led by Creandum, one of Europe’s leading early-stage VC firms....”
“angel investors from Palantir, Google DeepMind, and Workday....”
“angel investors from Palantir, Google DeepMind, and Workday....”
“angel investors from Palantir, Google DeepMind, and Workday....”
“a senior leader from SAP, as well as the SAP S/4HANA migration deadline mentioned later....”
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