Golden Gate Ventures' MENA fund has invested in Invisible Technologies, a San Francisco-based AI company that helps enterprises get AI models into production. The deal size was not disclosed.
Invisible, founded in 2015, claims to have trained data and models for more than 80% of the world's leading foundation model labs and counts Microsoft, AWS and Cohere among its enterprise clients. Revenue hit $134 million in 2024, more than double the prior year, following a 24x increase between 2020 and 2023. In September 2025, the company raised $100 million at a valuation exceeding $2 billion from Vanara Capital (a TPG spinoff), Acrew Capital, Greycroft (which recently expanded to Doha as part of QIA's $3B FoF initiative) and others, bringing total funding to $144 million.
CEO Matt Fitzpatrick, who joined in January 2025 after running QuantumBlack Labs (McKinsey's AI arm, 1,000 engineers), has been steering the company toward enterprise clients and away from pure model-training work. Kit Colbert, former CTO of VMware, joined as Platform CTO. The company now has 350 staff across offices in San Francisco, New York, Washington DC and London.
The GCC has been identified as a core target market. Gulf governments and corporates are spending heavily on AI, from sovereign infrastructure programmes like MGX and Stargate UAE to enterprise digital transformation across banking, energy and public services, but most of those projects stall before reaching production. Invisible's pitch is that it provides the plumbing that gets AI from pilot to deployment inside large organisations.
Golden Gate Ventures launched its $100 million MENA Fund I at the Qatar Economic Forum in May 2024, anchored by Al Khor Holding, Al Attiya Group and Sheikh Jassim bin Jabor Al Thani. It was the first international VC fund established and managed within Qatar. Michael Lints, Partner at Golden Gate, relocated to Doha to lead the expansion, while Hussain Abdulla, the former CEO of QInvest, was appointed Founding Partner MENA in October 2024. The fund secured backing from Oman Investment Authority in February 2025 and opened a Muscat office. Its MENA portfolio also includes quantum security company SpeQtral and healthtech BioSapien.
The fund's MENA team is positioning Invisible across Qatar, Oman, Saudi Arabia, the UAE and Bahrain, working with public and private sector clients to identify deployment opportunities. It’s an interesting model, leveraging Golden Gate as the company's strategic entry point into the Gulf, opening doors and navigating the procurement complexity that has historically slowed international tech companies trying to sell into government and quasi-government entities in the region.
