Jun. 9 at 3:01 PM
Orlando Bravo, founder & managing partner of Thoma Bravo, said fears of an AI-driven "SaaSpocalypse" have ended, describing AI as an "enormous tailwind" for software companies.
Bravo says that software firms & AI tools will increasingly merge into new "agentic solutions" for corporate customers
Bravo says investors are underestimating software companies' ability to adapt. The portfolio companies of his firm, which manages almost
$200B in assets, generate around
$35B in combined rev & are mostly "booming" b/c of AI
Speaking at the SuperReturn International private equity & venture capital conference in Berlin, Bravo said: "The SaaSpocalypse is over. It's finished, no more."
Bravo said software companies can reach a "completely new level" by automating certain aspects of human judgment and processes.
"Around 50% of our new revenue is AI revenue, agentic revenue," predicting that software companies & AI will "come together" in a "new agentic solution" for corporate customers in the next few years
Bravo said the market is in a period of adjustment as investors and companies work through questions around governance, cybersecurity and returns on investment from newer AI agentic tools
$IGV $RDDT $CRM $NOW $ZM