# Nova Intelligence has raised a $31.5 million Series A led by Chemistry.

*business · news · 2026-05-05 · Fortune*

## Key points

- Nova Intelligence raised $31.5 million in Series A funding led by Chemistry, totaling over $40 million.
- Nova's AI platform for SAP reportedly reduces modernization costs by 50% and manual effort by 75%.
- SAP's mandatory migration to S/4HANA is now set for 2030, extending the previous 2027 deadline.
- Nova plans to expand its AI capabilities beyond SAP to other business process systems.

**Companies:** SAP, Cargill, Nova Intelligence, Kyndryl, Festo
**Countries:** United States, Germany

[Read the full story on Fortune](https://fortune.com/2026/05/05/exclusive-nova-intelligence-ai-sap-chemistry-emma-qian/)

---

Canonical: https://newsio.io/n/7f5ea815-e1fa-49f9-9c39-e9cfef844d79/nova-intelligence-has-raised-a-31-5-million-series-a-led-by-chemistry-existing-i
Summarized by Newsio from Fortune. https://newsio.io/how-it-works