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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.

Reporting by SiliconAngle 1 min brief
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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 know

  1. Conduct raises $60M Series A

  2. Led by Index Ventures and ICONIQ

  3. SAP participates as strategic investor

  4. Returning backers: Creandum, Lucid Capital, Booom

  5. Focus: AI-powered code modernization platform

  6. 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…
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