SAN FRANCISCO--(BUSINESS WIRE)--Jan 21, 2025--
Invisible Technologies, a leader in software and services supporting the AI value chain, today announced the appointment of McKinsey AI leader Matthew Fitzpatrick as Chief Executive Officer, a proven technology innovator with decades of leadership experience. As the Global Head of QuantumBlack Labs, McKinsey’s AI software development and R&D hub, he was responsible for building products to help organizations scale AI projects from proof-of-concept to production and operationalized business. The CEO appointment follows impressive company growth, with revenue more than doubling from 2023 to 2024 to $134 million, building on a 24x increase from 2020 to 2023. Ranked as the #3 Fastest Growing AI Company on the Inc. 5000 List, Invisible achieved a $500 million valuation in early 2024.
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“If 2024 was the year of AI experimentation, 2025 will be the year we see the real value and ROI of AI in the enterprise,” said Francis Pedraza, Invisible Founder and Executive Chairman. “Matt’s experience turning early-stage innovation into real-world results will give customers a competitive edge and be a catalyst for change and growth within our company. He’s a business and technical visionary who understands what it takes to bridge the gap between pilot programs and scalable applications, and we welcome him to the team.”
QuantumBlack Labs develops scalable AI solutions to solve complex enterprise challenges, and has its heritage in harnessing data analytics to improve car designs and racing strategies for Formula One. Fitzpatrick led all of McKinsey’s sector-based machine learning products, horizontal ecosystem tooling, GenAI solutions, and financial-services technology assets. During his tenure, Fitzpatrick oversaw 1,000 engineers and product leaders across both QuantumBlack Labs and McKinsey. His background in software and AI will play a key role in Invisible’s next horizon of growth as a software-driven company delivering world-class enterprise solutions anchored around its AI Process Platform. Fitzpatrick succeeds outgoing CEO Benjamin Plummer and will work alongside Pedraza.
“Invisible is at the epicenter of AI, with vast experience at the intersection of enterprise AI deployment and data training for the world’s largest hyperscalers - this is a rare opportunity to lead a company with this caliber of DNA,” said Fitzpatrick. “Despite the hype around AI, we’re at a point where fewer than 10% of AI models reach usage and production because enterprises don’t have the experience to evaluate, train, and operationalize them. That’s where Invisible shines. I’m bullish we can help customers cross the chasm and realize the massive potential of AI.”
About Invisible Technologies
Invisible Technologies is redefining operations in the AI era. Our pioneering AI Process Platform seamlessly fuses cutting-edge AI with elite global human expertise to transform complex processes and deliver rapid results at scale. Invisible is trusted by 80% of the world’s leading AI model providers, including Cohere, Microsoft, and Amazon Web Services, driven by its unparalleled ability to operationalize AI for real-world applications and deliver measurable business outcomes. Founded in 2015, Invisible Technologies is a privately held leader in AI Training built on the belief that technology and business will always need humanity.
Matt Fitzpatrick (Photo: Business Wire)
