Battery Ventures – OpenCloud Report, Nov 2023

The Battery Ventures – OpenCloud Report, 2023 highlights the current state of software companies in relation to sustained macro pressures. These pressures have necessitated a return to the fundamentals of these companies. Additionally, the report discusses how artificial intelligence (AI) has the potential to completely transform existing business models and redefine the metrics of successful software companies. Cloud providers are already investing heavily in anticipation of the AI-driven future of compute consumption. Although the IPO bar may be high, there is still a significant opportunity for growth and a healthy backlog of private unicorns waiting to go public. It should be noted that this presentation contains proprietary information from Battery Ventures. Overall, the report emphasizes that we are still in the early stages of cloud and AI adoption, presenting a significant opportunity for disruption in the future.