One of the things about this whole death of SAAS [...]
If I purchase a swarm of domain-specific agents I am still purchasing software.
If I am building my own agents that I am monetizing I am still indirectly purchasing compute.
If I am purchasing Cursor licenses on a subscription I am still paying for code (also know as software) as a service.
The thing is, Agents and AI services are SaaS but not all SaaS is agents or AI.
But like, how are IFTTT and zapier doing
Zapier is on track to exit either this year or next - they have a GAAP revenue of around $300M in FY25 and $400M at FY26 at a $5B valuation. They can justify a $6B-7B IPO.
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If I purchase a swarm of domain-specific agents I am still purchasing software.
If I am building my own agents that I am monetizing I am still indirectly purchasing compute.
If I am purchasing Cursor licenses on a subscription I am still paying for code (also know as software) as a service.
The thing is, Agents and AI services are SaaS but not all SaaS is agents or AI.
Zapier is on track to exit either this year or next - they have a GAAP revenue of around $300M in FY25 and $400M at FY26 at a $5B valuation. They can justify a $6B-7B IPO.