Caroline Hyde

We've seen a massive sell-off in software stocks as a result of the disruption from AI.

Has that led to any questioning that that is the right approach?

Have you had any investors putting pressure on in terms of proving that you can be generating recurring revenue and profitability?

And you'll have pricing power?

100%.

That was Wave CEO Alex Kendall speaking with Bloomberg Tech's Tom McKenzie.

Check out more of Bloomberg Tech Europe on the Bloomberg Terminal and online.

Okay, coming up, we're going to speak to Sequoia partner Alfred Lin, who joins us with the CEO of his new portfolio company, Rowspaces, Michael Manipat.

That's next.

This is Bloomberg Tech.

And I'm Nathan Hager.

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Roseface, an AI startup designed to help financial services firms make better use of their own data, has launched today.

$50 million in seed and Series A funding led by Sequoia.

Michael Manipat, CEO of Roseface, and Alfred Lin, partner of Sequoia, are here with us.

I think I'll start with you.

If you go back to...