Thoma Bravo + Google Cloud Strategic Partnership Gives $300B+ Portfolio Gemini Access — Orlando Bravo: 'Software Is About Domain Knowledge, Not Code'

Semafor / Bloomberg·medium signal

Thoma Bravo and Google Cloud launched a multiyear partnership on April 15 giving Thoma Bravo's $300B+ portfolio access to Gemini models, forward-deployed Google engineers, and Cloud Marketplace co-sell programs. The cybersecurity portfolio (Proofpoint, SailPoint, Darktrace, Sophos) gets dedicated AI security integration. Simultaneously, CEO Orlando Bravo told Semafor that 'software is not about the code — it's about your domain knowledge,' signaling the firm is hunting profitable niche SaaS players with defensible moats to acquire at depressed multiples. Translation: PE sees AI as the upgrade path for portfolio companies, not the threat.