June 2026 Tech Market Update Replay

Key insights from this month's Tech market briefing

In this edition, our analysts break down a sharp rebound in B2B software valuations after a difficult start to 2026, a record-breaking pace of AI investment that has already surpassed 2025's full-year total in just five months, and a deep dive into RegTech in financial services, one of the most strategically active and AI-disrupted verticals in B2B technology.

What we cover in this month's replay

Our June session focuses on the themes that matter most to investors and corporate strategy teams across B2B technology:

• Public market performance as the B2B Software Universe rebounded strongly in May, up 12.9% on an equal-weighted basis, outperforming broader indices by a large margin, though the universe remains in negative territory year-to-date.
• Valuation recovery as EV/Sales multiples climbed back to 4.6x from the 4.0x low seen in March, with high-growth companies leading the rebound at 8.3x, and Rule of 40+ companies the only cohort in positive year-to-date territory.
• Deal activity across PE, M&A and VC, with corporate M&A surging to €18 billion quarter-to-date driven by Autodesk's acquisition of MaintainX and Qualtrics' acquisition of Forsta, while AI VC investment reached $306 billion year-to-date, the highest on record, led by Anthropic's $50 billion raise.
• A deep dive into RegTech in financial services, including how AI-native challengers are reshaping KYC, KYB and AML workflows, why tier-one incumbents are turning to strategic partnerships to close capability gaps, and which investor-backed FinCrime platforms are entering a credible exit window.
• Q1 2026 earnings signals, with forward guidance and net revenue retention emerging as the key market differentiators, rewarding AI infrastructure names like Snowflake, Datadog and MongoDB while penalising seat-based and SMB-exposed models.

This session is led by Benjamin Forlani, CEO of Dedale Intelligence, who provides a high-level perspective on market dynamics and key trends shaping the tech landscape.

He is joined by Julia Reulet, Managing Director & COO, and Lina El Haid, Manager & Thematic Lead for RegTech, together with Iñigo Llamado, Miguel Tang, Ignacio C. Eizmendi members of Dedale's research team, and Maxime Courtaux, Senior VP & CPO.

Watch the full replay below, dive into our article for a concise summary, or download the full Market Intelligence report for detailed data and analysis.

If you would like to go deeper on a specific segment, company set, or market theme, feel free to contact our team.