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Analysis
AddedJun 26, 2026
UpdatedJun 26, 2026
Conduct

Conduct

Series A

Conduct is an AI operating system for enterprise software that helps IT teams understand and modernize legacy systems.

HQ
London, GB
Founded
2024
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Contents

  1. 01Products & Services
  2. 02Market Outlook
  3. 03Competitive Strengths
  1. 01Products & Services
  2. 02Market Outlook
  3. 03Competitive Strengths

Product Overview

Conduct's AI operating system is an enterprise software platform that helps IT teams understand, modernize, and run legacy ERP systems. The platform uses agentic AI to ingest custom code, configuration, and dependencies, then builds an operating layer that links each business process to the underlying code. This enables IT teams to analyse source code, understand customisations, and execute changes with full visibility.

The platform offers three core capabilities: Understand (complete system visibility and dependency mapping), Operate (automated development and deployment workflows), and Transform (accelerated migrations including S/4HANA transitions with automated template creation, fit-gap analysis, and structured code refactoring). The product is designed for large enterprises running complex SAP and other legacy ERP estates, with early customers reporting 50-83% faster migration planning and implementation.

Market Outlook

The enterprise software market is undergoing massive AI-driven transformation. Global enterprises spend 3-4% of revenue on IT maintenance, much consumed by manual legacy system understanding. SAP's 2027 S/4HANA deadline creates urgency for modernization.

Conduct addresses the fundamental bottleneck: months spent understanding systems before changes can be implemented. As enterprises accelerate digital transformation, rapid code comprehension becomes strategic. The SAP-first approach targets the most critical enterprise layer, with full-stack expansion planned.

Competitive Advantages

Conduct's competitive advantage is its agentic AI that auto-ingests millions of lines of custom ERP code to build an operating layer linking business processes to code.

Palantir-experienced founders provide deep enterprise expertise. Strategic SAP, BCG, and NTT DATA partnerships offer market credibility. Early customers including Daimler Truck have shown 50-80% cost savings.