Derek Hernandez - PitchBook

Derek Hernandez

Senior Research Analyst, Enterprise SaaS and Infrastructure SaaS

Derek Hernandez is a Senior Research Analyst covering the intersection of SaaS and AI at PitchBook Data. Hernandez provides insights into market trends, sizing, and rapidly evolving enterprise software and AI solutions within the firm’s Industry & Technology Research. Prior to joining PitchBook, Hernandez was an equity research vice president covering the software sector at Rosenblatt Securities, leveraging over a decade of sell-side equity research experience across various sectors including Industrials, Steel, Commodities, and Metals & Mining. He is based in PitchBook’s New York office and has been cited in numerous publications including the Wall Street Journal, CNBC, Bloomberg, Forbes, Fortune, and Reuters, among others.

Hernandez is a graduate of the Wharton School of Business at the University of Pennsylvania with a Master in Business Administration, as well as Columbia University with a Bachelor of Science in Applied Physics and of Bard College with a Bachelor of Arts in Physics.

Articles by Derek Hernandez

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  Software’s flat-rate era is ending
  Q1 venture activity in SaaS signals investors are embracing the pricing model shift.
  June 12, 2026

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  Infrastructure SaaS VC Trends
  The Q1 2026 Infrastructure SaaS VC Trends report provides an analysis of recent VC activity and includes a market map of leading VC-backed companies in the space.
  June 10, 2026

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  Enterprise SaaS VC Trends
  The Q1 2026 Enterprise SaaS VC Trends report provides an analysis of recent VC activity and includes a market map of leading VC-backed companies in the space.
  May 19, 2026

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  Enterprise SaaS Public Comp Sheet and Valuation Guide
  Our Enterprise SaaS Public Comp Sheet and Valuation Guide tracks stock performances, valuations, and market caps of key publicly traded Enterprise SaaS companies.
  April 28, 2026

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  PitchBook Analyst Note: Mapping the AI Super-Cycle
  This analyst note introduces a new AI-centric technology investment stack and examines how the rise of digital labor is reshaping enterprise software, human capital, and the broader global economy.
  April 24, 2026

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  Enterprise SaaS M&A Review
  This analyst note explores the trends in enterprise SaaS M&A dealmaking in Q4 2025, examining investment activity across deal types, segments, and subsegments.
  March 25, 2026

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  Infrastructure SaaS VC Trends
  The Q4 2025 Infrastructure SaaS VC Trends report provides an analysis of recent VC activity and includes a market map of leading VC-backed companies in the space.
  March 9, 2026

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  PitchBook Analyst Note: Through the Looking Glass: The Race to Build Enterprise AI
  Enterprise software is shifting from seat-based SaaS to outcome-based “Service-as-Software.” Learn how to evaluate vendor readiness and identify compounders vs. value traps.
  March 9, 2026

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  Enterprise SaaS VC Trends
  The Q4 2025 Enterprise SaaS VC Trends report provides an analysis of recent VC activity and includes a market map of leading VC-backed companies in the space.
  February 17, 2026

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  PitchBook Analyst Note: SaaS Is Dead, Long Live SaS
  This analyst note outlines how AI is accelerating SaaS incumbents’ shift to outcome-based, labor-replacing models, creating a massive new revenue cycle while reshaping competitive moats and investor strategy.
  February 9, 2026