Instabase
Founded Year
2015Stage
Unattributed VC | AliveTotal Raised
$180.94MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+20 points in the past 30 days
About Instabase
Instabase focuses on automating business processes through artificial intelligence, operating within the technology and AI sectors. Its main offerings include AI-powered solutions for understanding, extracting, and analyzing unstructured data to streamline document processing and generate actionable insights. Instabase primarily serves sectors such as financial services, insurance, healthcare, and the public sector. It was founded in 2015 and is based in San Francisco, California.
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ESPs containing Instabase
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The intelligent document processing (IDP) market automates the processing of unstructured data, such as documents, emails, images and videos. This is achieved using AI and machine learning technologies that can extract relevant information from these sources and integrate it into workflows. The IDP market is growing rapidly as businesses seek to reduce manual processing costs, improve accuracy and…
Instabase named as Leader among 15 other companies, including Oracle, NEC, and Automation Anywhere.
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Research containing Instabase
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Instabase in 2 CB Insights research briefs, most recently on Jan 23, 2023.
Expert Collections containing Instabase
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Instabase is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,257 items
Tech IPO Pipeline
282 items
Track and capture company information and workflow.
Fintech
9,394 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Digital Banking
104 items
ITC Vegas 2024 - Exhibitors and Sponsors
699 items
Created 9/9/24. Updated 10.22.24. Company list source: ITC Vegas. Check ITC Vegas' website for final list: https://events.clarionevents.com/InsureTech2024/Public/EventMap.aspx?shMode=E&ID=84001
Artificial Intelligence
7,146 items
Instabase Patents
Instabase has filed 24 patents.
The 3 most popular patent topics include:
- information technology management
- data management
- software architecture
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
6/1/2023 | 8/20/2024 | Grant |
Application Date | 6/1/2023 |
|---|---|
Grant Date | 8/20/2024 |
Title | |
Related Topics | |
Status | Grant |
Latest Instabase News
Jan 19, 2025
Instabase, a leading applied AI solution for unstructured data, announced its $100 Million Series D. This funding round was led by QIA, with participation from existing investors Greylock Partners, NEA, Andreessen Horowitz, and Index Ventures. Instabase will use this funding to further the automation, analysis, and search capabilities of its unstructured data platform AI Hub to serve its customers. Unstructured data like emails, multimedia files, and PDFs includes approximately 80% of a company’s content that traditional systems cannot manage. And after applying a proprietary content understanding capability, Instabase seamlessly integrates into existing systems and empowers enterprises to create entirely new, agentic-AI-powered processes that handle complex, unstructured data at scale, unlocking their full potential. Instabase has seen its customer base more than double since its last funding round, seeing continued growth within the financial services, and has made traction within healthcare, tech, and government. And companies like AXA, Uber, and Natwest are partnering with Instabase as they undergo AI transformations. Instabase has made inroads in several sectors, with its federated architecture appealing to larger organizations requiring enterprise-grade security. And many of the world’s largest financial institutions – like four of the five largest U.S. banks – insurance companies, governments, and enterprises rely on Instabase. KEY QUOTES: “Today’s investment reflects our partners’ continued belief in our mission and the tangible impact the Instabase platform has made for enterprises of all sizes. As we progress through the AI age, companies cannot realize their AI capabilities without first harnessing and learning from the unstructured data that lives within every organization. With our roots in intelligent document processing, early implementation of AI agents capable of content understanding and agentic reasoning, and the platform’s ability to maintain security by keeping data in its original location while automating and simplifying workflows, there is no better enterprise partner.” Anant Bhardwaj, the founder and CEO of Instabase “AI agents are transforming the way we work today, generating new and exciting efficiencies for companies across industries. As we continue to invest across the AI stack, we are focusing more and more on solutions for distributed enterprises that can usher a new era in business operations. We look forward to continuing to support Instabase as they scale and refine how data is understood and leveraged.” Mohammed Al-Hardan, Head of TMT at QIA Pulse 2.0 focuses on business news, profiles, and deal flow coverage.
Instabase Frequently Asked Questions (FAQ)
When was Instabase founded?
Instabase was founded in 2015.
Where is Instabase's headquarters?
Instabase's headquarters is located at 955 Lincoln Boulevard, San Francisco.
What is Instabase's latest funding round?
Instabase's latest funding round is Unattributed VC.
How much did Instabase raise?
Instabase raised a total of $180.94M.
Who are the investors of Instabase?
Investors of Instabase include New Enterprise Associates, Andreessen Horowitz, Greylock Partners, Index Ventures, Qatar Investment Authority and 10 more.
Who are Instabase's competitors?
Competitors of Instabase include Indico Data, Eigen Technologies, Natif.ai, Super.AI, Docugami and 7 more.
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Compare Instabase to Competitors
Hyperscience provides an enterprise AI platform that specializes in intelligent document processing and hyperautomation technologies. The company offers solutions that transform unstructured content into structured, actionable data, enabling businesses to automate complex, mission-critical processes. Hyperscience serves various sectors, including financial services, government agencies, and insurance companies. It was founded in 2014 and is based in New York, New York.
Rossum provides document processing services within the business automation and information technology sectors. Its platform offers automation of transactional document workflows, including data capture, validation, and insights extraction, using a proprietary large language model. The company serves enterprise businesses that aim to improve their document handling and automate business processes. It was founded in 2017 and is based in London, United Kingdom.
ABBYY is a company specializing in intelligent automation and document understanding within the technology sector. Its main offerings include intelligent document processing platforms that capture and transform data from various document types and process intelligence solutions that provide insights for business process optimization. ABBYY's products are primarily utilized in industries such as financial services, insurance, transportation, public sector, and healthcare. It was founded in 1989 and is based in Milpitas, California.
Parascript provides document processing solutions across sectors including banking, healthcare, and government. The company offers software that automates data capture and document workflows, focusing on data entry and operations. Parascript's technology is used in mail processing, payment processing, and fraud prevention. It was founded in 1996 and is based in Longmont, Colorado.
DocDigitizer is a company specializing in Intelligent Document Processing within the technology sector. Their main offerings include a cloud-based platform that utilizes AI and NLP technologies to automate the extraction of structured data from unstructured documents. The company primarily serves sectors that require document processing, such as financial services, healthcare, insurance, government, and logistics. It was founded in 2017 and is based in Alges, Portugal.
TAIGER focuses on artificial intelligence with a specialization in document automation and cognitive task processing. The company provides a platform, Omnitive IDP, which enables document classification and data extraction using generative AI while adhering to data privacy and security regulations. TAIGER's solutions are aimed at automating cognitive tasks for various industries and supporting document processing in multiple languages. TAIGER was formerly known as Playence. It was founded in 2009 and is based in Singapore.
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