Instabase is a software startup that provides an AI-powered platform for automating document processing and extracting insights from unstructured data. Using machine learning and deep learning models, it can handle various document formats, including PDFs, scanned images, and handwritten notes. The platform automates tasks like data extraction, classification, and validation, reducing manual effort and errors. Its modular design allows enterprises to customize workflows, while seamless integration with existing applications ensures easy deployment.
Instabase has raised $100 million in a Series D funding round at a valuation of $1.24 billion. Qatar Investment Authority led the new round, which included existing investors Andreessen Horowitz, NEA, Index Ventures, and Greylock Partners. Instabase will use the new funding to focus on growth and plans to hire at least 50 more people.
Instabase, San Francisco, California, United States, was founded in 2015 by Anant Bhardwaj. In 2019, the company joined the unicorn club. Instabase operates in the insurance, finance, banking, and healthcare sectors, providing AI-powered automation for document processing and data extraction. Instabase continues to evolve, helping enterprises streamline operations and make data-driven decisions with advanced AI-powered automation.
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