Key insights from this month’s Technology market briefing

In this edition, our analysts unpack the sharp correction in software equities, the continued compression in valuations, the concentration of venture capital into AI mega-rounds, and the growing divide between software categories exposed to disruption and those benefiting from the AI infrastructure cycle.

What we cover in this month’s replay

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

• Public market performance as the B2B Software Universe declined 8.3% in February, underperforming broader indices.
• Valuation compression as EV/Sales multiples fell to 4.2x, their lowest level since 2017.
• Deal activity across PE, M&A and VC, with venture funding already exceeding full-year 2025 levels on the back of AI mega-rounds.
• A deep dive into Office of the CIO / CTO software, including where AI disruption is rising fastest and which categories appear more defensible.
• Earnings and segment signals, with infrastructure and observability looking increasingly differentiated in the current market environment.

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 Maxime Huig, Thematic Lead for Office of the CIO / CTO, together with Miguel Tang and Ignacio C. Eizmendi, members of Dedale’s research team.

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.