Nova Intelligence Secures $40 Million

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Nova Intelligence has secured &dollar;40 million in funding across seed and Series A to build the frontier AI platform for SAP — the system of record for the world&&num;8217&semi;s largest enterprises&period; The Series A was led by Chemistry&comma; with participation from Accel&comma; Conviction&comma; and SAP&period;iO&period; The seed was led by Accel&comma; with participation from Conviction and SAP&period;iO&period;<&sol;p>&NewLine;<p>SAP is the heart of the enterprise&period; 92&percnt; of the Global 2000 rely on SAP to run their most important business processes — finance&comma; supply chain&comma; manufacturing&comma; logistics&comma; sales&comma; and more&period; These environments are deeply customized to fit each company&&num;8217&semi;s unique business needs&comma; which is why every dollar spent on SAP software drives roughly seven dollars in services&period; With a mandatory migration to SAP&&num;8217&semi;s next-generation platform by 2030 — a project costing some companies over a billion dollars — the pressure on SAP teams has never been greater&period; Nova helps SAP teams work faster&comma; spend less&comma; and reduce risk through this migration and beyond&comma; across the full SAP lifecycle from design and development to testing and day-to-day operations&period;<&sol;p>&NewLine;<p>Nova is focused on building the most powerful and safest AI agent for SAP teams&period; Nova helps everyone on the SAP team&comma; from ABAP developers to functional analysts&comma; work dramatically faster across functional design&comma; fit-to-standard analysis&comma; modernization&comma; coding&comma; documentation&comma; production issue resolution&comma; and more&period; The platform is highly customizable&comma; adapting to each organization&&num;8217&semi;s unique guidelines&comma; workflows&comma; and processes&period; As teams use Nova&comma; institutional knowledge accumulates inside the platform rather than living in the heads of a few senior people or external consultants&period;<&sol;p>&NewLine;<p>Nova is battle-tested in production across some of the most complex SAP environments in the world — including companies that have run SAP for decades at massive scale&period;<&sol;p>&NewLine;<p>Festo&comma; a German automation leader and one of the first 30 SAP customers in history&comma; runs SAP across more than 15&comma;000 users in 61 countries&period; Teams using Nova report more than 5x productivity gains across their daily work&period; Documentation that once took three months now takes a single day&comma; and projects that were previously out of scope are now viable&period;<&sol;p>&NewLine;<blockquote><p>&&num;8220&semi;How we answer every one of the big three questions about our SAP program — how long will it take&comma; how much will it cost&comma; and how big is the risk — has improved significantly since adding Nova to our teams&period; Our team estimates they are more than 5x more productive on average across all tasks&period; That level of capacity increase completely changes the game for our organization&period;&&num;8221&semi;  Jörn Weigle&comma; CIO of Festo&period;<&sol;p><&sol;blockquote>&NewLine;<blockquote><p>&&num;8220&semi;Nova Intelligence addresses the two requirements that matter most to us&colon; operating truly Clean-Core-compliant systems and achieving the development performance our SAP landscape demands&period; The results have been outstanding&comma;&&num;8221&semi; Carsten Engelbrecht&comma; CIO of KION Group&period;<&sol;p><&sol;blockquote>&NewLine;<p>Nova brings together a rare combination of world-class AI research&comma; engineering&comma; and deep SAP expertise&period; CEO and co-founder Emma Qian was previously at Google DeepMind and Meta AI Research&period; CTO and co-founder Sam Yang founded Bloom&comma; which grew to over 2 million users&period; Chief Scientist and co-founder Prof&period; Dr&period; Alexander Zeier is co-inventor of SAP HANA and former CTO of Accenture&&num;8217&semi;s SAP Business Group&comma; where he oversaw some of the largest and most complex SAP transformations in the world&period; They are joined by Chief Customer Officer Justin Kershaw&comma; former CIO of Cargill&comma; who spent decades running one of the world&&num;8217&semi;s largest SAP deployments&period; He joined Nova because he&&num;8217&semi;s lived this problem from the customer&&num;8217&semi;s seat&comma; and recognized Nova as the answer he spent decades waiting for&period;<&sol;p>&NewLine;<blockquote><p>&&num;8220&semi;Nova is tackling one of the largest and most important opportunities in enterprise software&period; The level of love we heard from their customers was the strongest signal we could ask for&period; We&&num;8217&semi;re thrilled to lead the Series A and work alongside the Nova team&period;&&num;8221&semi; Kristina Shen&comma; Managing Partner and Co-founder at Chemistry&period;<&sol;p><&sol;blockquote>&NewLine;<p>Accel&comma; which led Nova&&num;8217&semi;s seed round&comma; doubled down in the Series A&period;<&sol;p>&NewLine;<blockquote><p>&&num;8220&semi;Nova has a rare combination of deep technical expertise and real customer obsession&period; It was a privilege to lead the seed round&comma; and we are excited to deepen our partnership as they define and lead a new category at the intersection of frontier AI and the most complex enterprise systems in the world&period;&&num;8221&semi; Ivan Zhou&comma; Accel&period;<&sol;p><&sol;blockquote>&NewLine;<p>Nova says it is hiring across engineering&comma; sales&comma; and marketing&period;<&sol;p>&NewLine;

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