Conduct, a London-based startup building an agentic AI operating system for large enterprises, has raised $60m in Series A funding led by Index Ventures and Iconiq, less than nine months after raising its $11m seed round.
Creandum, Lucid Capital and Bloom also participated, while German software titan SAP — which is embedding Conduct in its products — provided strategic investment.
Founded in 2024 by three former Palantir engineers , Conduct makes an AI operating system to help large enterprises better manage their highly-customised software systems.
Currently, these systems contain decades of custom business logic, Conduct CEO and cofounder JP Haas tells Sifted. But it is highly complex and slow for enterprises to understand how to best modify them to suit changing business needs, which can be affected by events like new tariffs or changes in supply-chain dependencies.
Conduct’s platform uses AI agents to synthesise the business logic accrued via different enterprise platforms to better understand, and implement, the introduction of new business features, Haas says.
“We can then enable the teams internally, and external consultants, to make changes at the snap of a finger instead of taking months combing through the code bases, speaking to business users and reverse-engineering what’s going on.”
The startup’s customers include logistics and shipping giant DHL, as well as global airport group Fraport.
“The ambition is to power all of the enterprise software of the Global 200,” Haas says.
The team is currently 38 people in London, and Haas hopes to grow it to 100 by the end of the year across the UK and New York, where it’s opening an office.
The money will also be spent on go-to-market and product development initiatives.
