Bowery Capital reposted this
AI has turned the acronym SaaS on its head and is giving rise to a new wave of ‘Services as Software’ businesses. Startups are increasingly offering AI-native, vertical software that focuses on selling discrete outputs rather than simply offering better workflows. Recent examples include companies focused on responding to RFPs, fulfilling prior authorization requests, estimating construction costs, composing legal documents, and more. This shift presents new business model opportunities and will expand the spend software can capture as it bleeds into budgets earmarked for FTEs and consultants. We are excited to meet founders setting out on the AI services path - if you fit that description, don't hesitate to reach out.