Nova Intelligence raises $40M for agentic AI SAP platform

San Francisco-based Nova Intelligence raised $40 million in combined Seed (led by Accel) and Series A (led by Chemistry) funding to build an agentic AI platform for SAP enterprise systems. Investors include SAP's venture arm SAP.iO. The platform provides fit-to-standard analysis, system visibility via AI Q&A, and automated ABAP code development, targeting SAP's mandated S/4HANA migration by 2030 — a services opportunity estimated at $89 billion globally. Partners include KPMG and Kyndryl for go-to-market.