Conduct AI Ltd today announced that it has raised $60 million in funding to enhance its namesake code modernization platform.<\/p>\n
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.<\/p>\n
The off-the-shelf software products that companies use often don\u2019t contain all the features they require. As a result, their development teams add custom capabilities such as integrations with external applications. Such modifications can add up over time, which creates technical challenges.<\/p>\n
Some enterprises have decades-old software customizations that few employees understand. In many cases, modernizing such components requires hiring outside experts. Another challenge is that legacy customizations\u2019 documentation is often incomplete. Developers must manually uncover details such as whether removing a seemingly unnecessary code file might break an important feature.<\/p>\n
Conduct sells an artificial intelligence platform that streamlines code modernization projects. When developers wish to add a feature to a heavily customized application, they can ask the platform to find the custom code modules that they will have to modify. The software displays an overview of each module\u2019s purpose and the data that it processes.<\/p>\n
The company says its platform also automates more complex tasks. Developers can enter a natural language description of the feature they wish to build and have the software create a step-by-step implementation plan. Furthermore, Conduct is capable of generating the necessary code files.<\/p>\n
The platform tests the code that it produces for reliability and performance issues. For added measure, Conduct generates documentation that explains how each AI-generated component works. It automatically refreshes the explainer when developers make code changes.\u00a0<\/p>\n
Conduct says its platform can speed up not only feature releases but also large-scale system upgrades. In particular, it can help companies switch from SAP\u2019s legacy enterprise resource planning, or ERP, products to its newest S\/4HANA platform. Such upgrades can take years to carry out manually.<\/p>\n
One of the tasks involved in ERP upgrades is fit gap analysis. Developers create a spreadsheet that outlines each core feature of an ERP system, the current state of that feature and how it will be upgraded. Conduct automatically generates such documents, which can save upwards of weeks of manual work.<\/p>\n
\u201cAgents analyze source code, gather knowledge about how and why systems were customised, and reason with company-specific context, removing the costly, lengthy and high-risk manual work that bogs down transformation,\u201d Conduct co-founders JP Haas, Philipp Hoefer and Henry Thompson wrote in a blog post<\/a>. \u201cA change that once took five months takes an afternoon.\u201d<\/p>\n Conduct\u2019s platform is mainly geared toward SAP projects. It will use its new funding round to add support for products from other enterprise technology companies including Salesforce Inc. and Oracle Corp. Additionally, the 35-person company plans to grow its U.S. workforce.<\/p>\n Photo: Conduct<\/p>\n Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE\u2019s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.<\/p>\n 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more About SiliconANGLE Media<\/p>\n SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE<\/a>, theCUBE Network<\/a>, theCUBE Research<\/a>, CUBE365<\/a>, theCUBE AI<\/a> and theCUBE SuperStudios \u2014 with flagship locations in Silicon Valley and the New York Stock Exchange \u2014 SiliconANGLE Media operates at the intersection of media, technology and AI.<\/p>\n Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.<\/p>\n","protected":false},"excerpt":{"rendered":"Conduct AI Ltd today announced that it has raised $60 million in funding to enhance its namesake code…\n","protected":false},"author":2,"featured_media":38690,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21036],"tags":[34229,27964,9695,23207],"class_list":["post-38689","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sap","tag-conduct-raises-60m-to-speed-up-software-modernization-projects","tag-maria-deutscher","tag-sap","tag-siliconangle"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/38689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=38689"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/38689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/38690"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=38689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=38689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=38689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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