Instabase Raises $45 Million in Series C

by Kay Aloha Villamor in June 9th, 2023

Instabase, a San Francisco, California-based AI-enhanced business service startup, raised $45 million in Series C funding to help companies automate document processing.

The round was led by Tribe Capital and included participation from Andreessen Horowitz (a16z), New Enterprise Associates, and Spark Capital. This funding round has valued Instabase at $2 billion, double its previous valuation.

The company provides an app platform that focuses on understanding and analyzing "unstructured" data. The platform allows businesses to quickly build and deploy enterprise apps, process documents, and process data for various operations. It enables querying large sets of files, such as academic papers, legal paperwork, and financial data.

“Instabase continually identifies and evaluates emerging AI models and technologies for content understanding,” said, “With the innovation in this space and multiple players entering the [generative AI] race, it will be critical for customers to leverage modular technologies that can quickly take advantage of the latest innovation.”

“At Instabase, we’ve built a platform that’s trusted by some of the most demanding global enterprises in some of the most highly regulated industries,” Anant Bhardwaj, Founder and CEO of Instabase told TechCrunch in an email interview. “Instabase is a platform that enables organizations to apply the latest AI innovations to understand their unstructured data and build applications.”

Company: Instabase, Inc.

Raised: $45.0M

Round: Series C

Funding Month: June 2023

Lead Investors: Tribe Capital

Additional Investors: Andreessen Horowitz, New Enterprise Associates, and Spark Capital

Company Website:

Software Category: Application Platform

About the Company: Founded in 2015 by Anant Bhardwaj, Instabase is a technology company that provides an application platform that can be used to understand unstructured data and automate business processes. Instabase provides a platform for building, running, and distributing intelligent solutions that can process any type of input, execute custom business logic, facilitate human review at every step, and integrate with industry-specific systems to support business decisions. Instabase enables organizations to automate mission-critical processes by applying the latest innovations in AI. With an open ecosystem that combines AI breakthroughs from research labs and deep industry expertise, Instabase helps organizations embed intelligence into any system or business process to drive transformational outcomes.


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