Tailwind
SaaS Survivors
SaaS Durability in the AI Era — franchises structurally protected from AI substitution by moats that live outside the software layer.
43 names · L1 parent + 9 sub-themes
L1SaaS Durability — Parent
non-bucketed
- ANSSAnsysDelisted-Acq
- CFLTConfluentClaude-proposed
- CSUConstellation SoftwareCN listing
- FISVFiserv
- IQVIQVIA HoldingsClaude-proposed
- ROPRoper Technologies
L2Proprietary Data
5
- CSGPCoStar Group
- FDSFactSet Research
- MSCIMSCI Inc
- SPGIS&P Global
- VRSKVerisk Analytics
L2Regulated Systems of Record
5
- ADPAutomatic Data Processing
- INTUIntuit
- ORCLOracle
- VEEVVeeva Systemsalso Phys-World
- WDAYWorkday
L2Two-Sided Networks
3
- SHOPShopifyCN listing
- TOSTToastalso Phys-World
- TTANServiceTitan
L2Physical-World Software
9
- DEDeere & Co
- IOTSamsara
- PCORProcore Technologies
- PTCPTC Inc
- ROKRockwell Automation
- SYMSymbotic
- TOSTToastalso Two-Sided
- TRMBTrimble
- VEEVVeeva Systemsalso Reg. SoR
L2Cybersecurity Tailwind
5
- CRWDCrowdStrikealso Existential
- FTNTFortinetalso Existential
- NETCloudflarealso Existential
- PANWPalo Alto Networksalso Existential
- ZSZscaleralso Existential
L3Mission-Critical · Existential
8
- BRBroadridge Financial
- CRWDCrowdStrike
- FTNTFortinet
- MAMastercard
- NETCloudflare
- PANWPalo Alto Networks
- VVisa
- ZSZscaler
L3Mission-Critical · Operational
5
- CRMSalesforce
- DDOGDatadog
- MDBMongoDB
- NOWServiceNow
- SNOWSnowflake
L3Mission-Critical · Engineering
4
- ADSKAutodesk
- BSYBentley Systems
- CDNSCadence Design
- SNPSSynopsys
Headwind
AI Disruption
AI Disruption of Horizontal SaaS — thin-moat franchises most exposed to LLM-generated substitutes. The inverse of the Survivors cohort, by design.
9 names · single L1 theme
L1AI Disruption of Horizontal SaaS
9
-
ASANAsana
Core
-
FRSHFreshworks
Core
-
HUBSHubSpot
Core
-
PDPagerDuty
Core
-
TWLOTwilio
Significant
-
DBXDropbox
Significant
-
BOXBox Inc
Significant
-
ZMZoom Communications
Significant
-
DOCUDocuSign
Peripheral
Reading the column
Strength chips show how central the disruption thesis is to each name's story.
Core names are direct thin-moat targets — workflow UI over a database.
Significant and Peripheral names carry partial offsets (storage compliance,
AI Companion, e-signature's regulated-systems edge). The disruption list is built
to not overlap the Survivors cohort — the two themes are mirror images
linked by an inverse RELATES_TO edge in the graph.
Tailwind
Data Center Power
800V HVDC Data Center Power — the power-delivery re-architecture as AI racks scale toward 1MW. A distinct Level 1 family in the graph (not a child of Productivity); shown here while the index still shelves it under this category.
17 names · L1 Data Center Power → L2 800V HVDC → 3 L3 sub-themes
L3Power Semiconductors (GaN / SiC)
11
- NVTSNavitasCore
- IFXInfineonSignificant
- STMSTMicroelectronicsSignificant
- ONonsemiSignificant
- MPWRMonolithic PowerSignificant
- POWIPower IntegrationsSignificant
- WOLFWolfspeedSignificant
- 6723RenesasSignificant
- TXNTexas InstrumentsPeripheral
- ADIAnalog DevicesPeripheral
- 6963ROHMPeripheral
L3Data Center Power Systems & Infrastructure
4
- VRTVertivCore
- ETNEatonSignificant
- SUSchneider ElectricSignificant
- ABBNABBSignificant
L3Power Conversion & Delivery Components
2
- FLEXFlexPeripheral
- 2301Lite-OnPeripheral
All edges Tailwind, strength reflects revenue attributability (NVTS and VRT most levered; TXN / ADI / ROHM peripheral). Conviction and every edge are Claude-inferred, reviewed = false pending sign-off. In the graph this sits under its own Data Center Power L1 parent, not Productivity.