SAP systems are integral to 77% of global transactions, yet much of the underlying code is outdated and proprietary. Nova Intelligence, a startup, has raised $31.5 million to develop an AI platform that modernizes SAP code for Fortune 500 companies. With a migration deadline set for 2030, the market for S/4HANA implementation and support is projected to exceed $89 billion. Nova's team includes experts from Google DeepMind and SAP, aiming to streamline SAP processes across design, development, and testing.
""We're an AI platform for SAP that accelerates the work that companies are doing on SAP across really the full life cycle, from design to development to testing," co-founder and CEO Emma Qian told Fortune."
""We've met companies that are budgeting over a billion dollars just for this migration," Qian said, highlighting the significant financial commitment businesses are making to transition to S/4HANA."
"For Chemistry cofounder Kristina Shen, who led the round, the 2030 migration deadline is only a wedge. "The daily maintenance, development...""
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