The Redpoint 2026 State of the Market Report

The Metrics Brothers break down the Redpoint Ventures 2026 Software and AI Market Update, covering six key themes: why the AI build-out is not a dot-com repeat, the $6T agent maturity opportunity, what CIOs are actually buying, why terminal value (not near-term growth) is driving SaaS valuation compression, the new ARR-per-employee benchmarks set by AI-native companies, and why private markets are concentrating bets at an accelerating pace.