Conduct, an AI platform for maintaining and upgrading legacy IT systems, closed a $60M Series A led by Index Ventures and ICONIQ. The funding brings the enterprise startup's total to $72M.
Conduct enables companies to maintain, modify, and modernize their older IT infrastructure using artificial intelligence. The platform addresses a persistent challenge for enterprises: aging systems that remain critical to operations but lack modern tooling and documentation.
The Series A co-leaders include Index Ventures and ICONIQ Capital. CEO Jan Philipp Haas disclosed the round to Axios Pro.
Legacy system modernization represents a significant market opportunity. Many enterprises struggle with technical debt accumulated over decades, spending substantial resources on maintenance rather than innovation. Conduct's AI approach aims to reduce this burden by automating understanding and updating of outdated codebases.
The company's previous funding round brought it to $12M before this latest injection, positioning it within a growing category of startups targeting enterprise infrastructure modernization.
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