M&A

Usage metering is getting absorbed

Salesforce acquired m3ter on June 8th. Adyen acquired Orb on June 11th.

Jun 13 • Stefan Kontschinsky

$160+B of AI M&A in 2025.

The 10 largest deals locked in architecture and control across four layers.

Dec 28, 2025 • Stefan Kontschinsky

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Monetization Flywheel

M&A