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The content herein reflects the views and opinions of Summit Partners and is intended solely for current executives of Summit Partners portfolio companies, as well as executives and operators who are considering a partnership with Summit Partners. The information herein has not been independently verified by a third-party. The content is intended solely for informational and discussion purposes and is not intended to provide legal, business, tax, accounting, investment or other advice. This newsletter does not constitute an offer to sell or an invitation, recommendation or solicitation of an offer to buy any interests in any Summit product or any other security or investment product in any jurisdiction. The inclusion of any particular investments in this newsletter is not intended to reflect the merits of such investment or any other investment currently held by Summit. There is no guarantee that Summit will be able to invest in similar opportunities in the future. A complete list of publicly disclosed investments may be found here.
Any reference to "expertise," "expert," or similar descriptions of knowledge or proficiency reflects the subjective assessment of Summit Partners and is intended solely to indicate familiarity with a subject area. Such characterizations may not imply formal credentialing, licensure, or any objectively verified standard of proficiency, and should not be construed or relied upon as an indication of future outcomes.
In recent years, technological advances have fueled the rapid growth of AI, in particular generative AI, and accordingly, the use of AI is becoming increasingly prevalent in many sectors. Due to the rate at which AI is improving and the pace at which its potential applications are broadening, at this time, it is unclear what impact AI may have on portfolio companies, as well as on the wider financial sector. The impact of and risks associated with AI vary significantly by company, sub-sector, regulatory environment, capital availability and technological evolution. Use of third-party and open-source AI tools, such as ChatGPT or similar tools, by Summit or its portfolio companies, poses additional risks relating to the protection of Summit and its portfolio companies’ proprietary data, including the potential exposure of such confidential information to unauthorized recipients and misuse of the third-party intellectual property, which could adversely affect Summit or its portfolio companies. Use of AI tools may result in allegations or claims against Summit or its portfolio companies related to violation of third-party intellectual property rights, unauthorized access to or use of proprietary information and failure to comply with open-source software requirements. Additionally, AI tools may produce inaccurate, misleading or incomplete responses that could lead to errors in certain business activities, which could have a negative impact on Summit or its portfolio companies. Further, ongoing and future regulatory actions with respect to AI generally or AI’s use in any particular industry may alter, perhaps to a materially adverse extent, the ability of Summit or its portfolio companies to utilize AI in the manner they have to date, and may have an adverse impact on their ability to continue to operate as intended.
Published April 2026.
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