MoneyThe story, in brief
Conduct raises $60M to speed up software modernization projects
$60M. That's what Index Ventures and ICONIQ just bet on AI-powered code modernization.
The KeyNews take
Why it matters
Conduct's Series A signals growing investor appetite for AI agents tackling legacy software modernization—a $500B+ TAM that enterprise software buyers have historically ignored.
The key facts
6 to knowConduct raises $60M Series A
Led by Index Ventures and ICONIQ
SAP participates as strategic investor
Returning backers: Creandum, Lucid Capital, Booom
Focus: AI-powered code modernization platform
Legacy software modernization use case
Go to the source
SiliconAnglesiliconangle.com
Publisher excerpt: Conduct AI Ltd today announced that it has raised $60 million in funding to enhance its namesake code modernization platform. Index Ventures and ICONIQ co-led the Series A investment. They were joined by SAP SE along with returning backers Creandum, Lucid Capital and Booom. The off-the-shelf…