2024-05-26-PitchBook-PitchBook年一季度基础设施SaaS报告（英）_11页_7mb

EMERGING TECH RESEARCH: Q1 2024 Infrastructure SaaS Report Summary

• Overall Market Trends: Q1 2024 was a solid rebuilding quarter for the Infrastructure SaaS sector after pandemic-driven exuberance and a low point in 2023. Deal activity, while recovering, showed a slight deceleration compared to the previous quarter. Deal volume and value increased moderately YoY and QoQ from 2023, respectively.

• VC Investment Metrics (Q1 2024):

  • Total Deal Value: $2.4 billion
  • Deal Count: 104
  • QoQ Growth: +11.8% (Deal count) / +6.1% (Value)
  • YoY Growth: -8.0% (Deal count) / +6.5% (Value)
  • Average Deal Value: $23.2 million

• Sector Breakdown (Deal Count, Q1 2024):

  • DevOps: 35 deals (33.7%), Leadership in deal activity and value.
  • Data Software & Systems: 29 deals (27.9%).
  • Application Infrastructure: 25 deals (24.0%).
  • ITOps: 15 deals (14.4%).

• Breakdown by Value (Q1 2024):

  • DevOps dominated deal value ($814.5 million, 69%).
  • Data Software followed ($622.2 million, 26%).
  • ITOps ($562.2 million, 23%) saw the highest average deal value ($37.5 million).
  • Application Infrastructure ($414.6 million, 17%) had the lowest average deal value ($16.6 million).

• Key Deals Highlighted:

  • Late-Stage: NinjaOne ($231.5M Series C), Glean ($200M Series D), Celestial AI ($175M Acquisition).
  • Early-Stage: Zn.tech ($117.3M Seed), Unstructured AI ($43.2M Seed), Magic Together ($50M Seed), etc., showcasing continued investment across the ecosystem.

• Emerging Opportunity: Significant focus on Generative AI being integrated into network operations and infrastructure tools.

• Company Spotlight: Zenoss

  • Provides AI-driven infrastructure monitoring solutions focused on cloud, virtual, and physical environments.
  • Aims to offer root-cause analysis, automation, and performance insights.
  • Offers API extensions ("ZenPacks") for broader integration.
  • Faces competition from large incumbents like Datadog, ServiceNow, and VMware, as well as smaller players.
  • Analysis from PitchBook's Exit Predictor suggests an 81% probability of success, likely via M&A.

• VC Ecosystem Map: Includes key players and focus areas like middleware (Infor), AI, quantum computing, and networking software (Ocient, ZEDEDA).