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ENTERPRISE 5.0
The BGV Beat: Q3
KEY TRENDS
The AI Native Shift
The AI Native Shift
Enterprise 5.0: Where BGV is looking next
At BGV, we call this shift Enterprise 5.0: the move from software as a tool to software as a worker. AI is moving beyond copilots that help people complete tasks. Increasingly, AI systems can research, reason, plan and execute work. We believe some of the most important companies of the next decade will become the systems of action inside enterprises, owning critical workflows rather than simply helping users manage them.
DEEPER INSIGHTS
The Rise of Physical AI
Lessons from the Physical AI Summit
There is clearly an inflection happening. Models are getting better, compute is becoming more accessible, simulation is improving and robots can increasingly learn tasks that previously had to be explicitly programmed. At the same time, I came away thinking that the technology curve is moving much faster than the deployment curve. For investors, I believe the gap between the two is important. It is also where several interesting companies could get built.
How Physical AI Can Rebuild the World's Materials Economy
No matter how much intelligence we add to our factories, we will not make affordable products if the cost of material inputs keeps climbing every year because we cannot manage our own supply. Productivity gains in manufacturing get erased by uncontrolled gains in the cost of stuff. The materials economy has to catch up first—or alongside—not after.
Events
Financing Events
Global energy technology company Schneider Electric announced an agreement to acquire satellite data and AI-powered risk intelligence provider AiDASH, in a transaction valuing the company at an enterprise value of $350 million. According to Schnieder Electric, the transaction will help strengthen its position in Energy Intelligence, enabling the company to provide an end-to-end solution to grid customers under its One Digital Grid integrated platform.
Marvin Health is building a workforce-retention platform for healthcare systems that combines specialized therapy, AI-powered coaching, and in-network insurance coverage. The company is tackling clinician burnout and turnover with strong customer adoption and a model built specifically for healthcare. BGV is proud to support Marvin Health.
InfoPort is building infrastructure for the next era of compute, bringing together expertise across data centers, energy infrastructure, hyperscalers, capital markets, and defense. The company is addressing the growing physical and power constraints behind AI infrastructure as demand for compute continues to expand. BGV is proud to support InfoPort.
Bellevue, Wash.-based startup Pay-i is rebranding as Ascerta and raising $18 million in new funding to expand its platform beyond AI cost tracking into measuring overall business ROI. The Series A round was led by Dell Technologies Capital, with participation from Hitachi Ventures, BGV, Wipro Ventures, and existing backers. The fresh capital brings total funding to $22.9 million for the startup, which launched in May 2025 with a $4.9 million seed round.
Webinars
Perspectives
Webinars
5 Lessons for CEOs building AI-Native Companies by Tobias Yergin
AI can help teams build software faster—but what if they’re building the wrong thing? Drawing on his work with SaaS and vertical SaaS companies, Tobias Yergin argues that the real constraints are often organizational friction, weak customer understanding, and the cost of verifying what AI produces. His five lessons offer CEOs a sharper question than “How much more can we ship?”: “Will what we ship make us more competitive?”
Watch here
Webinars
What Enterprises Want from AI Native Startups by John Aisien of Service Now
In What Enterprises Want From AI-Native Startups, ServiceNow’s John Aisien described a shift from “tell me” and “show me” to delivering measurable value before a purchase. He outlined four other expectations: outcome-based value capture, faster product innovation, reimagined AI-powered workflows, and solutions that fit customers’ existing technology and commercial commitments.
Watch here
Webinars
Inside AI Native Transformation — Startup Panel Fiddler, Webscale, HG
Anik Bose moderated a discussion with leaders from Totango, Fiddler, Webscale, and HG on how AI-native companies are reshaping enterprise transformation. The panel examined how startups are helping enterprises move from experimentation to adoption, with a focus on deployment, customer value, and the organizational changes needed to put AI into practice.
Watch here
Webinars
AI Native GTM — Panel Discussion Virtana, Lyzr.ai, Fiddler, Webscale
Rekha Ravindra moderated a discussion with leaders from Virtana, Lyzr.ai, Fiddler, and Webscale on how AI-native companies are approaching go-to-market. The panel covered enterprise adoption, positioning, customer trust, and what it takes to turn strong AI technology into a product customers will actually buy and deploy.
Watch here
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