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Vista Launches 'Agentic Factory' as Smith Says AI Returns Shift to Applications

Smith says proprietary enterprise data gives application‑layer agents a defensible edge in a year focused on proving AI monetization.

Overview

  • Vista, which manages about $100 billion across more than 90 enterprise‑software companies, is rolling out an “agentic factory” to embed task‑specific AI throughout its portfolio.
  • Smith says roughly 30 portfolio companies already generate revenue from agentic AI, with another 30 to 40 conversions expected in the coming months.
  • Vista reports productivity gains of 30% to 50% in areas like code creation and claims that about 20 cents of inference can yield up to $10 in savings.
  • Examples cited include SimplePractice using agents to record sessions, transcribe and draft notes for clinicians, and Reslinc assessing tariff exposure and regulatory requirements.
  • Vista contends that proprietary enterprise data and stringent accuracy needs favor application providers, noting that about 97% of enterprise software is private as investor attention moves beyond hyperscaler infrastructure.