Conduct, a 35-person London startup, has raised $60M in Series A funding co-led by ICONIQ and Index Ventures, with SAP as a strategic investor. The AI platform helps companies understand and migrate complex SAP systems before the December 2027 ECC support deadline.

The round sees new investors Index and Iconiq join the cap table.

Conduct, a London startup founded by ex-Palantir engineers, has raised a $60M Series A from Index, ICONIQ and SAP to untangle the legacy code inside big firms.