Conduct emerges from stealth to transform legacy IT with AI agents

London-based
enterprise AI start-up Conduct has closed a $12 million seed round and emerged
from stealth with a mission to lead the largest transformation in enterprise IT
by modernising legacy ERP systems.

The round was led by Creandum, one of
Europe’s leading early-stage VC firms, with participation from Lucid Capital,
Booom, angel investors from Palantir, Google DeepMind, and Workday, as well as
a senior leader from SAP.

Conduct
uses cutting-edge agentic AI to help organisations truly understand their own
systems, restoring agility, accelerating innovation, and powering digital
transformation. By transforming opaque legacy ERP estates into intuitive, actionable insights, the company aims to achieve GDP-scale impact and unlock billions in economic value through faster innovation, higher efficiency, and increased operational speed.

Founded in
2024 by former Palantir leaders Jan Philipp Haas, Philipp Hoefer, and Henry Thompson, Conduct’s mission is shaped by firsthand experience with the growing
burden of legacy ERP on large organisations.

Its
breakthrough platform lets organisations converse directly with their ERP
systems, giving IT leaders and business stakeholders real ownership of their
estates. It instantly reveals how even the most complex codebases operate and
the business logic they contain, a level of clarity that has long been out of reach for most large
enterprises.

We believe
that IT should be the core growth engine of every enterprise but today CEOs
repeatedly tell us that IT is becoming a blocker to business outcomes: 3-4 per
cent of enterprise revenue is spent on system maintenance. Counterintuitively,
this is not driven by new code generation, but by having to manually decipher how complex systems
spanning millions of lines of code actually work. Conduct’s
AI agents drastically reduce the resource burden of software maintenance,
allowing IT teams to focus on system innovation that drives revenue and
productivity gains,

explains
Jan Philipp Haas, Co-founder and CEO.

With SAP’s initial 2027 deadline for S/4HANA migration, CIOs face
high-stakes decisions about the future of their systems. Instead of spending
tens of millions on multi-year consulting projects that often fail or cause
costly downtime, enterprises are looking for more reliable and accurate ways to
modernise and extend their ERP estates, and Conduct aims to meet that need.

The company’s broader vision is to remove the structural barriers
in enterprise IT that have long constrained innovation and revenue growth.