Conduct Raises $12 Million to Bring Agentic AI to Legacy ERP
The London startup pitches privacy-focused AI to tackle costly ERP upkeep ahead of SAP’s 2027 migration deadline.
Overview
- Creandum led the seed round, with participation from Lucid Capital, Booom and angel backers linked to Google DeepMind, Workday and SAP leadership.
- Founded in 2024 by former Palantir engineers Jan Philipp Haas, Philipp Hoefer and Henry Thompson, Conduct targets enterprise ERP modernization.
- The platform uses agentic, context-aware AI that learns each customer’s ERP environment while protecting sensitive business data from leakage or external model training.
- Conduct focuses first on SAP systems by analyzing custom code and highlighting functionality to prioritize for S/4HANA migrations due in 2027.
- Early pilots with Daimler Truck and Rittal are reported by the company to reduce operational costs significantly, with claims reaching up to 90%.