NOVA INTELLIGENCE RAISES $31.5M FOR SAP AI OVERHAUL
AI DESK■ 2 MIN READ
THU, MAY 7, 2026■ AI-SUMMARIZED FROM 4 SOURCES ▸ TIMELINE
Nova Intelligence secured a $31.5M Series A led by Chemistry to build agentic AI systems for SAP's legacy infrastructure migration by 2030. The funding brings the startup's total capital to over $40M.
Nova Intelligence is tackling one of enterprise software's biggest challenges: modernizing decades-old SAP systems through artificial intelligence.
An estimated 77% of global transactions touch an SAP system at some point, yet much of that underlying code dates back decades. SAP announced in 2023 that customers must migrate to its cloud platform by 2030, creating urgency for enterprises running outdated on-premise systems.
Nova's agentic AI technology automates complex workflows and code migration tasks that would otherwise require extensive manual effort. Rather than simply lifting legacy applications to the cloud, the startup's agents can intelligently refactor and optimize systems for modern infrastructure.
Chemistry led the Series A round, signaling institutional confidence in Nova's approach to enterprise AI automation. The startup now has substantial resources to expand its team and accelerate product development ahead of SAP's 2030 deadline.
The market opportunity is substantial. Thousands of enterprises worldwide depend on legacy SAP systems and face significant operational and financial pressure to complete migration before the deadline. Failed or delayed migrations could disrupt critical business operations, creating strong incentives for automation solutions.
Nova's funding follows broader industry momentum around agentic AI—autonomous systems that can plan and execute complex tasks with minimal human intervention. The enterprise software automation space has attracted significant investor interest, particularly for solutions addressing expensive manual technical debt.
The startup faces competition from larger consulting firms and emerging AI automation platforms. However, Nova's specific focus on SAP migration and legacy systems offers a differentiated angle in a crowded market.
With over $40M in total funding and institutional backing from Chemistry, Nova Intelligence is positioned as a key player in enterprise AI automation for the critical 2030 SAP transition window.
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