Base64.ai, a leader in AI-First Document Intelligence software, has announced key executive appointments:
- Matt Mallette as Chief Revenue Officer
- Mike Chasteen as Senior Vice President of Sales
- Chris Maertz as Senior Vice President of Partner Ecosystem
These leaders join during a critical evolution period in the Intelligent Document Processing (IDP) market, driven by advances in AI technologies.
Key Appointments
- Matt Mallette, Chief Revenue Officer
- 25 years of experience in sales, business development, and revenue optimization
- Expertise in financial planning, ERP, and PLM markets
- Responsibilities: Global sales and customer success, innovative go-to-market strategies
- Previous roles: Oracle, other leading software and technology companies
- Mike Chasteen, Senior Vice President of Sales
- 25 years of experience in sales, with a focus on document management and IDP markets
- Previous role: SVP of Americas Sales at Tungsten Automation
- Notable achievements: Contributed to 35% revenue growth at Tungsten Automation
- Past roles: OpenText, Lanvera, Allegiance, GXS
- Chris Maertz, Senior Vice President of Partner Ecosystem
- Over two decades of expertise in building and leading partner ecosystems
- Previous roles: Head of Partnerships at Instabase, Director at Pegasystems
- Focus: Driving global strategies and GTM execution
Market Context and Opportunities
- Recent AI innovations: Generative AI, inference, voice-activation, Large Action Models (LAMs), image understanding
- Impact: Transforming IDP from basic document processing to intelligent action on information
- Market growth: IDC projects a $151B market for AI-enabled workforce technology by 2027
Achievements and Future Direction
- Record growth: 9x revenue and 35x user growth between 2022 and 2023
- Awards: Seven G2 awards in Q1, 2024
CEO’s Vision
- Chris Huff, CEO of Base64.ai
- Emphasis on the inflection point in the IDP market due to AI advancements
- Base64.ai’s role: Leading with a modern platform for document intelligence and autonomous action
- New leadership’s role: Driving adoption of next-gen AI document intelligence solutions
Base64.ai is poised for significant growth with its new executive team, leveraging their expertise to lead the market in AI document intelligence. The company aims to continue its innovation trajectory and expand its impact in the evolving IDP market.