Ex-Palantir team behind Conduct raises €51 million to make enterprise systems AI-ready
London-based Conduct has secured €51 million in Series A funding, signalling a significant investment trend in AI infrastructure for enterprise systems across Europe. The funding, co-led by Index Ventures and ICONIQ, will fuel Conduct's expansion of its engineering and go-to-market teams, enhance its SAP capabilities, and accelerate its work with other major enterprise systems like Salesforce and Oracle. This development underscores the growing demand for solutions that bridge the gap between complex, often opaque legacy enterprise software and the burgeoning capabilities of AI. Conduct's AI operating system is designed to make enterprise software systems comprehensible and operable for AI agents. This capability is crucial as businesses increasingly seek tangible AI outcomes but struggle with systems that have become too complex and customized over decades to be fully understood by humans, let alone AI. By rendering these systems "legible," Conduct aims to provide the foundational layer necessary for effective AI deployment and automation within large organizations. The investment in Conduct aligns with a broader European funding environment that is showing sustained interest in enterprise AI infrastructure, agent governance, and workflow automation. Several other European startups are operating in adjacent spaces, including Qorelo for ERP transformation, Zalos for AI agents in finance, and Interloom and Cognee for AI knowledge infrastructure. The strong presence of London-based companies like Conduct and Zalos highlights the UK's role in this evolving European digital landscape, particularly in developing solutions for digital transformation and European digital sovereignty.
Curated and translated by Europe Digital for our multilingual European audience.
Why this matters for European digital sovereignty
London-based Conduct's €51 million funding round highlights significant European investment in AI infrastructure for enterprise systems. This investment supports the demand for solutions that make complex legacy software systems accessible to AI, a crucial step for European businesses pursuing AI-driven automation. The round also reflects a broader European trend of sustained interest and funding for enterprise AI infrastructure startups.
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