2026-06-17
Conduct raises $60M Series A
London-based Conduct raised $60M in a Series A led by Index Ventures and ICONIQ.
Round at a Glance
| Company | Conduct |
| HQ | London, United Kingdom |
| Amount | $60M (€51M) |
| Round | Series A |
| Date | 2026-06-17 |
| Valuation | Not disclosed |
| Total Disclosed Funding | $72M across 2 rounds |
Company Snapshot
Conduct is a United Kingdom-based enterprise software AI company. According to the company's public materials, the product helps enterprise IT teams with analyzing custom code and configurations in SAP and other enterprise systems so IT teams can plan migrations, automate workflows, and modernize legacy systems. Publicly named customers include Daimler Truck, Heidelberg Materials, Fraport, and DHL.
Investors in This Round
| Investor | Investor HQ Country | Notes |
|---|---|---|
| Index Ventures | United Kingdom | Lead |
| ICONIQ | United States | Lead |
| SAP | Germany | Strategic |
| Creandum | Sweden | — |
| Lucid Capital | United States | — |
| Booom | Germany | — |
Known Cap Table
| Investor | Round(s) | Investor HQ Country |
|---|---|---|
| Index Ventures | Series A | United Kingdom |
| ICONIQ | Series A | United States |
| SAP | Series A | Germany |
| Creandum | Series A | Sweden |
| Lucid Capital | Series A | United States |
| Booom | Series A | Germany |
Total disclosed funding: $72M across 2 rounds.
Sources
- https://www.eu-startups.com/2026/06/ex-palantir-team-behind-conduct-raises-e51-million-to-make-enterprise-systems-ai-ready/
- https://tech.eu/2026/06/17/former-palantir-employees-raise-60m-for-ai-enterprise-startup-conduct/
- https://finance.yahoo.com/technology/ai/articles/conduct-raises-60-million-series-121500344.html