Atlassian CEO Defends SaaS Amid AI

This week Mike Cannon-Brookes, co-founder and CEO of Atlassian, defended the future of software during a 20VC x SaaStr interview, citing Atlassian's accelerating growth — 23% to $6.4B ARR and 44% RPO — and 26% cloud growth. He argued AI accelerates consolidation but won't eliminate demand for pre-built software, advised founders to focus on product quality, and highlighted composition effects skewing public SaaS metrics.