3 ex-Palantir engineers raise $60m from Index, Iconiq, SAP for agentic operating system
Summary
London-based startup Conduct, founded in 2024 by three former Palantir engineers, has secured \$60m in Series A funding, led by Index Ventures and Iconiq. This round, which also saw participation from Creandum, Lucid Capital, Bloom, and strategic investor SAP, follows an \$11m seed round less than nine months prior. Conduct develops an agentic AI operating system designed for large enterprises to manage their complex, highly-customized software systems. The platform addresses the challenge of modifying decades of custom business logic, which is often slow and difficult to adapt to evolving business needs like new tariffs or supply-chain changes. By employing AI agents to synthesize business logic across various enterprise platforms, Conduct enables teams and consultants to implement changes rapidly, reducing modification times from months to moments. Current customers include DHL and Fraport, with an ambition to power the enterprise software of the Global 200. The company plans to grow its 38-person team to 100 by year-end, expanding to New York, and will use the funds for go-to-market and product development.
Key takeaway
For AI Product Managers overseeing enterprise software modernization, Conduct's \$60m Series A funding and strategic SAP investment highlight a significant shift towards agentic AI operating systems. You should evaluate such platforms to streamline the management of complex, custom business logic. This approach promises to drastically reduce the time required for system modifications, moving from months to moments, thereby enhancing agility and operational efficiency in adapting to evolving business demands.
Key insights
Conduct's agentic AI operating system enables rapid modification of complex enterprise software by synthesizing custom business logic.
Principles
- Enterprises struggle with adapting decades of custom business logic.
- AI agents can synthesize complex business logic for faster changes.
- Strategic investment from partners like SAP validates integration.
Method
Conduct's platform employs AI agents to synthesize custom business logic across diverse enterprise systems, facilitating rapid understanding and implementation of new business features.
In practice
- Accelerate enterprise software modifications from months to moments.
- Integrate AI agents to manage custom business logic.
- Target Global 200 enterprises for system modernization.
Topics
- Agentic AI
- Enterprise Software
- AI Operating Systems
- Palantir Founders
- SAP Integration
- Venture Funding
Best for: CTO, VP of Engineering/Data, Executive, Director of AI/ML, AI Product Manager, Investor
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Editorial summary, takeaway, and curation by AIssential. Original article published by Sifted.