State of the OpenCloud 2023: AI and the New Cloud Economy

We are thrilled to announce the release of our fifth-annual State of the OpenCloud report! In this year’s report, we offer our perspective on the role AI will play in the next phase of cloud growth, as well as actionable advice and guidance for early-stage and growth-stage companies navigating today’s markets. 

To read and download the full 2023 State of the OpenCloud report, please click here or see below.

Battery Ventures 2023 Opencloud Report

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We first started the OpenCloud series in 2019 with the intention of highlighting and predicting the trends driving rapid innovation (and enterprise value) in enterprise-technology markets. And we’ve done so with some success! In last year’s report, as dedicated OpenCloud readers will recall, we made a few predictions that have aged particularly well:

• We anticipated that the software world would move from predictive to generative models in 2023; and that

• Startups would face a very high bar to IPO.

Cut to today, we are on the cusp of real, substantive changes across the software industry, particularly given the challenging macroeconomic environment, but also due to the introduction of new, powerful technologies like artificial intelligence, which are more accessible than ever.

As we discuss in this year’s report, Silicon Valley may be at a point of reckoning at which we will have to rethink the metrics and benchmarks that have historically characterized a healthy software ecosystem. But, believe it or not, these are good, healthy changes.

We’ll be writing more key takeaways from this year’s report in this channel in the weeks to come, so stay tuned.

The information contained herein is based solely on the opinions of Dharmesh Thakker, Danel Dayan, Jason Mendel, Sudheendra Chilappagari, Patrick Hsu and Payal Modi and nothing should be construed as investment advice. This material is provided for informational purposes, and it is not, and may not be relied on in any manner as, legal, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in any fund or investment vehicle managed by Battery Ventures or any other Battery entity.

This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and is for educational purposes.

Content obtained from third-party sources, although believed to be reliable, has not been independently verified as to its accuracy or completeness and cannot be guaranteed. Battery Ventures has no obligation to update, modify or amend the content of this post nor notify its readers in the event that any information, opinion, projection, forecast or estimate included, changes or subsequently becomes inaccurate.