Francisco Partners' co-founder Dipanjan Deb says "AI will not kill the software industry" as the tech-focused PE firm raised $21B, exceeding its $18B target
THE SO WHAT
A $21B raise above target from a software-focused PE shop is a vote that AI will reshape, not erase, legacy software cash flows. If you run a mature product with real customers, expect more PE interest in funding AI retrofits and consolidation rather than writing you off as obsolete.
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