Il tycoon Lynch e il naufragio

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Serial tech entrepreneur

Mike Lynch: the legacy of an IT and innovation genius

Mike Lynch's death leaves a void in the world of technology and innovation. "He encouraged us to think big," explains Edward Benthall, chairman of Cambridge Innovation Capital. "He was a colossus, and it will be impossible to replace him.

by Nicol Degli Innocenti

MIKE LYNCH IMPRENDITORE FONDATORE INVOKE CAPITAL

2' min read

2' min read

Mike Lynch is irreplaceable: this is the opinion of IT experts and colleagues of the entrepreneur whose death in the wreck of the Bayesian has been confirmed.

The narrative these days has been dominated, rightly so, by the tragedy of a family deprived of a father and daughter, and by the story of a man who lost his life just when he was celebrating his 'second life' after his full acquittal in the fraud trial at the end of thirteen years of bitter legal battles.

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Attention can now be shifted to what Lynch managed to create and the great void he leaves in the world of technology and innovation.

The British entrepreneur's past is well known: his studies at Cambridge University, the start-up of various start-ups, the success of Autonomy and then the sale to Hewlett Packard for $11.1 billion, a triumph that later degenerated into a torment due to the lawsuit filed by the American giant.

Less is known about Lynch's present, his projects and the many ambitions that this 'serial tech entrepreneur', as he called himself, still had.

Recuperato il quinto corpo dal naufragio del Bayesian, è Mike Lynch

After the sale of Autonomy, he had founded Invoke Capital, a $1 billion venture capital fund, to invest in start-ups and promising companies in the UK and Europe.

Lynch had maintained close contact with the University of Cambridge and worked with academia to support the most innovative projects. Having been a pioneer in the field of artificial intelligence and other cutting-edge technologies, his mission now was to identify the talents of tomorrow.

With the funding it needs to grow, but also with its experience, industry knowledge and unerring flair. Lynch for example was able to spot the potential of Featurespace, a sophisticated system that uses artificial intelligence to analyse human behaviour and is now used by thousands of companies to track all kinds of fraud, from credit cards to money laundering and from computer scams to online betting.

The current CEO of Featurespace, Martina King, has no hesitation in calling Lynch 'a genius'.

Invoke's largest investment was in Darktrace, a company that has become an absolute leader in the field of computer security, known in the industry as the 'anti-Wikileaks' because it is able to prevent the 'theft' of confidential information. It is no coincidence that Darktrace is used by the governments and secret services of numerous countries.

In April of this year it was acquired by Thoma Bravo, an American private equity firm, for USD 5.3 billion. The right company in the right field, given that according to McKinsey companies will invest over USD 150 billion in 2025 to counter cyber attacks.

Lynch has supported many other companies in different sectors, such as Luminance, a platform designed for the legal sector, and Sophia Genetics, in the medical sector, and encouraged a new generation of innovators. It remains to be seen who will live up to it. "He encouraged us to think big,' explains Edward Benthall, chairman of Cambridge Innovation Capital. 'He was a colossus, and it will be impossible to replace him.

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