Software remains the operating layer of modern companies. Meridian studies B2B SaaS, vertical software, workflow systems, developer tools and AI-native software categories through the lens of revenue quality and workflow ownership.
The AI transition does not remove the old software questions. Retention, margin, sales efficiency, customer concentration, implementation depth and buyer priority still matter. AI adds new questions around inference cost, automation quality, model dependency and product defensibility.
A useful software market map separates durable systems of record and action from feature layers. It also connects private-company formation to public software comparables, where investors can observe margin structure and category maturity.
Focus areas
Focus
B2B SaaS
Focus
Vertical software
Focus
Workflow systems
Focus
Developer tools
Focus
AI-native applications
Market map
Workflow
Workflow
Products that own repeat processes, users, approvals, data and operational context.
Revenue
Revenue
Retention, expansion, gross margin, sales efficiency and customer concentration as quality signals.
AI-native
AI-native
Applications where model capability changes the work performed rather than decorating an existing interface.