AI Business
6d ago
Nova Intelligence secures $31.5 million to enhance AI solutions for SAP systems
May 5, 2026
AI Summary
Nova Intelligence has raised $31.5 million in Series A funding to develop an AI platform aimed at modernizing SAP systems. With a significant migration deadline set by SAP for 2030, the company aims to capitalize on the $89 billion market for S/4HANA implementations and support.
- Nova Intelligence, based in San Francisco, has raised $31.5 million in Series A funding, bringing total funding to over $40 million. The round was led by Chemistry, with participation from Accel, Conviction, and SAP.io.
- The startup focuses on creating an agentic AI platform that analyzes, modernizes, and generates custom code for SAP systems, which are critical for payroll, supply chains, and finance functions in large enterprises.
- SAP has mandated a migration from legacy systems to its S/4HANA platform by 2030, creating a significant market opportunity valued at over $89 billion.
- Nova's platform aims to reduce manual effort and costs associated with SAP modernization, with reported case studies showing up to 75% reduction in manual work and 50% cost savings.
- The company was co-founded by Emma Qian, a former research engineer at Google DeepMind, alongside Sam Yang and Professor Alexander Zeier, who has a background in SAP HANA.
- Nova plans to use the new funding for research and development and to expand its market presence, with aspirations to extend its services beyond SAP in the future.
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