Instabase builds software that extracts, classifies, and analyzes unstructured data from myriad document types, including PDFs, images, and emails. The platform lets businesses extract insights, reroute correspondence, and apply generative AI so users can ask questions or request summaries across large document stores. Historically the company relied on rules-based document processing but has shifted to modern AI techniques such as NLP and generative models to handle more complex data. Instabase was founded in 2015 and is based in San Francisco. The startup has amassed high-profile customers including Uber, Natwest, AXA, the USPTO, and four of the five largest U.S. banks. Financially, the company announced a $100 million Series D and had previously raised roughly $175 million, including a $45 million Series C in 2023 that valued it at $2 billion. Instabase offers an apps platform that helps enterprises understand, analyze and query large corpora of unstructured documents and deploy workflow apps for tasks like income and identity verification, invoice processing and receipt verification. The company also provides a marketplace of pre-built apps (e.g., passport/driver's license checks, tax form prefilling) to accelerate deployments. Instabase says its platform minimizes the need for time‑intensive data science work — customers don’t have to fine-tune models or annotate documents to extract data. Management plans to increase investment in generative AI and continually evaluate emerging AI models to improve content understanding. The company reports paying customers across finance, insurance and consumer packaged goods, and claims four of the top five U.S. banks use its platform. Instabase is San Francisco‑based, was founded in 2015, and has a workforce of close to 350 people. Instabase is a platform that enables businesses to build customizable apps for automating document processing and other business processes. The platform includes tools for reading documents, data extraction and classification, natural language processing, and optical character recognition, and it offers a marketplace of pre-packaged apps for use cases such as income verification, identity verification, contract analysis, and trade finance. Instabase says it works with more than half of the top ten U.S. financial institutions and has partnerships with global banks, including a Standard Chartered collaboration that reduced onboarding time from 41 to 8 days and helped accelerate SME lending while saving an estimated 300 hours a week. The company plans to use new funding to accelerate recruiting and scale its core platform. Financially, Instabase has raised a total of $132 million to date and is valued at over $1 billion after the latest round. Founded in 2015, the company is headquartered in San Francisco. Instabase offers a cloud platform for data, applications and interactive computing that supports both non-technical users (product managers, financial analysts) and technical users (data scientists, programmers). The platform enables exploration, navigation and understanding of data, and allows technical users to write scripts, programs and models to work on tasks. The company is led by founder and CEO Anant Bhardwaj. In August 2015 Instabase raised $3.75M in seed funding. The company intends to use the funds to expand operations and is hiring.

Total raised

$254M

Funding rounds

4

Latest round

Series D

Latest activity

Jan 2025