$60.0M
The Series A round was co-led by Index Ventures and ICONIQ with participation from SAP.
Portfolio
2
companies

Ankar
Ankar builds an artificial intelligence operating system for corporate innovation and patent protection.
Conduct
Conduct decodes complex enterprise software systems for large organisations.
The Series A round was co-led by Index Ventures and ICONIQ with participation from SAP.
The London startup secured seed backing from Creandum and other investors to scale its artificial intelligence platform for legacy enterprise systems.
"We believe that IT should be the core growth engine of every enterprise, but today CEOs repeatedly tell us that IT is becoming a blocker to business outcomes: 3-4% of enterprise revenue is spent on system maintenance. Conduct’s AI agents drastically reduce the resource burden of software maintenance, allowing IT teams to focus on system innovation that drives revenue and productivity gains."

The seed round was led by Index Ventures with participation from multiple venture firms and angel investors.
"Our platform dramatically streamlines this process and mountains of documents which slow down research today. But improving efficiency is only the beginning, building AI into the invention process, along with the inventors allows inventors to fundamentally expand the horizons of what we can imagine creating. We believe Ankar is creating the foundation for the next generation of breakthrough technologies."