Invisible Technologies Secures $100M in Growth Funding Led by TPG Spinoff
Invisible Technologies has raised $100 million in growth funding led by Vanara Capital, a newly-formed investment firm that spun off from private equity giant TPG just weeks ago. The round brings Invisible’s total capital raised to $144 million and values the company at over $2 billion, according to sources familiar with the matter.
Invisible Technologies announces funding milestone.
Strategic Timing Amid AI Infrastructure Consolidation
The funding comes at a critical juncture for the AI data infrastructure market, with Scale AI—the sector’s dominant player—facing significant disruption following Meta’s $14.3 billion acquisition of a 49% stake in June 2025. Meta’s investment has triggered customer flight from Scale’s largest clients, with OpenAI and Google cutting ties over concerns about data sharing, creating an opening that companies like Invisible are positioned to exploit.
Invisible’s revenue more than doubled from 2023 to 2024, reaching $134 million, following a 24× increase between 2020 and 2023 — growth that positions it as a credible challenger to Scale’s dominance in the enterprise AI infrastructure space.
Vanara’s Debut Investment Signal
The deal marks Vanara Capital’s first public investment since spinning off from TPG Inc. in August, making it a significant debut for the newly-formed growth equity firm. Founded by TPG alumni Neil Kamath and Hayden Lekacz, Vanara received strategic backing from TPG NEXT with an anchor commitment from CalPERS.
“We see that the growth-stage market has suffered from this complacency, where there’s a cookie-cutter approach to growth-stage investing,” Kamath said. “We’re looking to offer a new, more capital solutions-oriented approach to partnering with best of breed entrepreneurs.”
The investment reflects broader institutional confidence in AI infrastructure companies that can deliver measurable enterprise value. Hayden Lekacz will join Invisible’s Board of Directors, alongside Chairman Francis Pedraza and other notable figures including Charlie Songhurst, who also serves on Meta’s Board.
The Human-AI Hybrid Approach
What sets Invisible apart in the increasingly crowded AI infrastructure market is its emphasis on human-AI collaboration rather than pure automation. In a market where as many as 95% of AI projects fail because most enterprises skip straight to software, dropping AI into messy systems without doing the human work first, Invisible’s approach addresses a fundamental gap.
The company’s AI Software Platform consists of five modular components: Neuron (flexible data infrastructure), Atomic (visual process mapping), Expert Marketplace (human expertise and RLHF), Synapse (annotation and evaluation), and Axon (agentic automation).
This comprehensive platform approach positions Invisible to capture more value across the AI lifecycle compared to point solutions, addressing CEO Matt Fitzpatrick’s observation that “models work best alongside humans, not instead of them.”
Market Context and Competitive Landscape
The AI infrastructure market is experiencing rapid consolidation and disruption. Scale AI, valued at $13.8 billion as of May 2024, generated $870 million in revenue in 2024 with projections to reach $2 billion in 2025. However, the company’s relationship with Meta has created market uncertainty, with competitors like Micro1 raising funds at a $500 million valuation to capitalize on AI labs seeking alternative data providers.
Invisible’s positioning is particularly strategic given the enterprise focus. While Scale AI has historically dominated the foundational model training market, Invisible serves enterprises across industries including Microsoft, AWS, Charlotte Hornets, SAIC, and Swiss Gear, demonstrating traction in the practical application layer where most enterprise value is created.
Leadership and Scaling Plans
The company recently appointed a new CEO in early 2025, bringing in a former McKinsey Senior Partner who led QuantumBlack Labs, overseeing 1,000 engineers and the firm’s GenAI software efforts. This leadership change signals Invisible’s ambition to scale enterprise operations significantly.
With the new funding, Invisible has doubled the size of its engineering organization in 2025 and opened offices in New York, San Francisco, Washington D.C., and London, growing to a team of 350. The company has also strengthened its technical leadership with Kit Colbert, former CTO of VMware, joining as Platform CTO.
Industry Implications
The funding round signals several important trends in the enterprise AI market:
Market Maturation: Unlike the earlier AI boom focused on foundational models, enterprise buyers are now prioritizing practical implementation over technological novelty.
Human-Centric AI: Companies that successfully integrate human expertise with AI capabilities are seeing stronger enterprise adoption than pure automation plays.
Infrastructure Consolidation: As the AI stack matures, platforms offering end-to-end capabilities are gaining advantage over point solutions.
The timing of Invisible’s funding, coinciding with disruption at Scale AI and the launch of a new growth equity firm specifically focused on technology companies, suggests investor confidence in the next phase of enterprise AI adoption.
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