Nova Intelligence, a San Francisco-based startup that builds an agentic AI platform for SAP to analyze, modernize, and generate the custom code that runs payroll, supply chains, and finance functions inside Fortune 500 environments, raised a $31.5M Series A led by Chemistry, bringing total funding to more than $40M. The timing capitalizes on SAP’s mandatory deadline for customers to migrate from legacy systems to its modern S/4HANA platform by 2030, an opportunity analysts peg at more than $89B when implementation, upgrades, and ongoing support are included. An April 2025 case study with Kyndryl showed Nova’s system led to a 75% reduction in manual effort and a 50% cost reduction in modernizing a company’s SAP platform.
