Redpoint Ventures: 141 CIOs and $765B in Capex Survey Maps Where B2B Software Is Actually Headed

SaaStr·medium signal

Redpoint Ventures released a 70-slide market update surveying 141 CIOs controlling $765B in collective capex. Key signals: 70% of public company CIOs are cutting IT budgets, 74% report longer sales cycles, and GenAI budget allocations are expected to 3x in the next three years. Morgan Stanley estimates global GenAI enterprise software spend will hit $401B by 2028 (~22% of total software spend). The data suggests a bifurcation: AI budgets growing while traditional SaaS budgets contract.