Building the Future with AI

Over more than three decades of investing exclusively in growth-stage technology companies, we have seen the market evolve through multiple waves of innovation. Artificial intelligence represents the next major innovation in that continuum and is perhaps the most profound. We view AI as the dramatic evolution of how software, data, and computing technologies are converging to deliver breakthrough value to customers. Our market will continue to reward investors who combine sector expertise with the ability to align new technologies to real customer business needs. JMI is all-in for this next stage; our decades of sector focus, collaborative operating expertise, and deep partnerships with founders provide a strong foundation for helping companies harness the power of AI to their customers.

The Mission Endures — The Opportunity Expands

The mission hasn’t changed, but AI dramatically expands the opportunity. We partner with high-potential software businesses to accelerate growth, scale operations, and deliver measurable results. Across software, AI-native, and AI-enabled models, we’re supporting companies that are using and building revolutionary technologies strategically and responsibly to drive outcomes that matter: productivity, efficiency, and customer impact. We will continue to partner with businesses that are embedding AI across their products and operations, from intelligent automation and predictive analytics to personalized customer experiences and data-driven decision-making. Our recent investment in AI-native EdSights, as well as Vantaca, are great examples of that approach.

We are similarly focused on AI capabilities in our existing portfolio companies, helping management teams hire the right talent, adopt the right tools, rethink workflows, and leverage AI to enhance productivity, efficiency, and customer impact. Recent portfolio milestones, including Clio’s acquisition of vLex, Unanet’s Acquisition of GovPro AI, Jane’s AI Scribe product, and SOCi’s Genius AI product demonstrate how AI-driven insights and automation can meaningfully improve business performance and customer outcomes.

AI Talent Strategy

Our portfolio value creation model is purpose-built for software founders and teams who understand the potential of bringing AI to their markets. We combine AI technology expertise and operational experience with hands-on partnership to help companies accelerate momentum and reduce risk. To strengthen these capabilities, we recently appointed Eric de Jager as Head of Product and AI Strategy and Tyler Foxworthy as Head of Data Science. Both have long histories with JMI and our portfolio as Operating Advisors, and both bring decades of experience leading at the intersection of software, technology, and data.

Together, Eric and Tyler play integral roles in strengthening JMI’s capabilities as a leading investor and partner to software and AI-driven companies. They are fully integrated across the firm’s AI initiatives, driving adoption and sharing best practices throughout our ecosystem. This includes close collaboration with our Operational Excellence Group (OEG), a team of approximately 25 industry experts dedicated to reducing operational risk and accelerating execution across the core functions of a software and AI-driven business, including product, finance, customer success, people, and go-to-market strategy. As our companies build and launch AI-powered offerings, OEG will provide them with real-time access to leading AI expertise, tools, and implementation support, ensuring innovation is both effective and responsible.

AI in the JMI Ecosystem

Today, founders and management teams are accessing extensive AI expertise through the broader JMI ecosystem. We lead hundreds of knowledge-sharing events each year — including roundtables, workshops, webinars, and virtual discussion groups — that bring together thousands of software executives from current and prospective portfolio companies, giving them direct access to the talents of their peers to spark innovation and solve problems. These sessions are designed to turbo-charge your understanding, use, and delivery of AI-powered solutions.

Recent focuses of these AI sessions across functional areas include:

• Converting AI Momentum into Measurable Impact
• Strategic HR in the Age of AI
• AI Product & Technology Roundtable: Turning Insight into Action

As AI redefines what is possible in software, JMI is actively helping our portfolio companies be thoughtful and strategic leaders in the transformation. By combining decades of operational experience with a tailored, market-specific AI strategy, we are empowering our companies to not only keep pace but set the standard for innovation.

Disclaimer: This document discusses broad market, industry or sector trends, or other general economic, market or political conditions and should not be construed as research, investment advice, or any investment recommendation. Statements contained in this document (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts are based on current expectations, estimates, projections, targets, opinions, beliefs, and/or assumptions JMI considers reasonable. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. JMI believes this information to be accurate and current as of the date of publication but cannot guarantee its accuracy.

The JMI portfolio company(ies) identified above are not necessarily representative of all JMI investments, and no assumption should be made that the investments identified were or will be profitable. For a complete list of JM investments, please visit https://www.jmi.com/companies/.

The use of artificial intelligence technologies (“AI”) by JMI portfolio companies presents both significant opportunities for growth and competitive advantage, as well as substantial risks. AI is an evolving field characterized by rapid and ongoing technological change, which introduces the risk of technological obsolescence. Even if an AI-related initiative is successfully implemented, a portfolio company could be outpaced by competitors that develop more advanced, efficient, or cost-effective technologies. The regulatory landscape governing AI remains uncertain and is likely to evolve. Such changes could result in increased compliance costs, litigation risk, or the need for portfolio companies to materially modify their business practices. Accordingly, any direct or indirect investment in Artificial Intelligence carries a significant risk of depreciation due to technological obsolescence and the value of such investment could decline if the investment failed to stay at the forefront of technological advancements.