$60.0M
The Series A round was co-led by Index Ventures and ICONIQ with participation from SAP.
LC
Lucid Capital
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- AI/ML£54.0M
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- London£54.0M
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$12.0M
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."
