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Instabase Lands $45M Investment To Help Companies Automate Document Processing

Jun 06, 2023over 2 years ago

Amount Raised

$45 Million

San FranciscoFintechMachine LearningEnterprise SoftwareSaasArtificial IntelligenceSoftwareAnalytics

Description

Instabase, a startup providing an apps platform that can be used to understand and analyze “unstructured” data, today announced that it raised $45 million in a Series C round led by Tribe Capital, with participation from Andreessen Horowitz (a16z), New Enterprise Associates and Spark Capital.

Company Information

Company

Instabase

Location

369 Pine Street

San Francisco, California, United States

About

Instabase is an AI-powered content activation platform that enables organizations to unlock value from all their data, including unstructured content, at scale. By combining low-code development with advanced AI, Instabase allows enterprises to automate complex workflows, empowers users with conversational AI agents, and drives insights through enterprise search. Instabase seamlessly integrates intelligence into systems and processes, delivering transformational outcomes and a competitive edge, all while adhering to the highest privacy and security standards with federated deployment. Many of the world's largest financial institutions, insurance companies, governments, and enterprises rely on Instabase to automate their mission-critical business processes end-to-end.

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Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech