Conduct Raises €51M Series A to Make Systems AI-Ready

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Conduct, a London-based enterprise software company started by a team that previously worked at Palantir, has raised €51 million in a Series A round. The company, founded in 2024, is working on a problem that has quietly grown into a barrier for large organizations trying to adopt AI: the systems those companies already run have become too tangled for anyone to fully understand.

Conduct’s product maps the business logic buried inside decades of software customization and makes it understandable, actionable, and executable. The idea is to shrink the gap between a business decision and its execution in software. Years of changes layered on top of enterprise systems have left them opaque, which slows down the people running them and stops AI agents entirely, since an agent can only act on a system it can actually read.

The company has lined up some notable partnerships. SAP recently named Conduct a strategic AI partner for transformation work involving SAP Cloud ERP applications. Conduct has also teamed up with BCG and NTT DATA Business Solutions, two of the largest SAP transformation partners in the world, to help deliver enterprise software transformation programs.

The raise lands in a 2026 funding climate where money has kept flowing into enterprise AI infrastructure, agent governance, ERP modernization, workflow automation, and industrial AI. Conduct sits squarely in that mix, positioned as the layer that makes legacy systems legible enough for both people and software agents to operate.

With a sizable round closed and a roster of major partners already in place, the company has the resources to expand its work modernizing the complex systems that run inside large enterprises.