Conduct, a London-based startup founded in 2024 by former Palantir engineers Philipp Hoefer, Henry Thompson and JP Haas, has raised $60m in a Series A round led by Index Ventures and Iconiq, Sifted reports. Creandum, Lucid Capital and Bloom also participated and German software vendor SAP provided a strategic investment and is embedding Conduct in its products, according to Sifted. Per Sifted, the raise follows an $11m seed round closed less than nine months earlier. Sifted reports Conduct builds an "agentic AI operating system" that uses AI agents to synthesise decades of custom enterprise business logic, and quotes JP Haas saying the platform can enable teams and external consultants "to make changes at the snap of a finger". Reported customers include DHL and Fraport, and Sifted says the startup has 38 people and aims to grow to 100 by year end.
What happened
Conduct has raised $60m in a Series A round led by Index Ventures and Iconiq, Sifted reports. Creandum, Lucid Capital and Bloom participated, and SAP provided a strategic investment while embedding Conduct in its products, according to Sifted. Sifted also reports this raise follows an $11m seed round closed less than nine months earlier. The company was founded in 2024 by three former Palantir engineers, per an Index Ventures post authored by Conduct's co-founding team (Philipp Hoefer, Henry Thompson and JP Haas).
Technical details
According to Sifted, Conduct is building an "agentic AI operating system" that ingests custom code and data models across enterprise systems to synthesise business logic. Sifted quotes CEO JP Haas saying, "We can then enable the teams internally, and external consultants, to make changes at the snap of a finger instead of taking months combing through the code bases, speaking to business users and reverse-engineering what's going on." Sifted lists reported customers including DHL and Fraport, and reports the team is 38 people, with a stated hiring ambition to reach 100 by the end of the year and a new New York office opening.
Industry context
Editorial analysis:
Agentic systems that surface and act on enterprise business logic are an emerging category that combines program analysis, knowledge extraction, and automation orchestration. Companies and investors placing bets on this stack often seek two things: technical capability to map bespoke customizations across SAP, Oracle and other platforms, and distribution via partnerships with incumbent vendors. SAP's strategic investment and product embedding, as reported by Sifted, aligns with a broader pattern where platform vendors accelerate adoption by pre-integrating AI-driven automation tools.
For practitioners: What to watch: Monitor integration depth and observability around change actions, because automated modifications to mission-critical ERP and supply-chain codebases raise operational risk and auditability requirements. Watch for early customer case studies from major adopters, and for independent evaluations of how well agentic approaches preserve business intent while making safe changes. Also watch the startup's hiring and product milestones reported by Sifted as indicators of execution pace.
Scoring Rationale #
A $60m Series A for an enterprise agentic OS is notable for practitioners because it signals investor confidence and vendor partnerships (SAP) in an emerging automation category. The story is company-level funding news with potential operational implications, but not a frontier-model breakthrough.
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