About
Instabase provides AI-powered unstructured document processing for banking, insurance, and healthcare. Raised $100M Series D (Jan 2025) from Qatar Investment Authority at $1.24B valuation. Revenue exceeded $50M in 2024. ~45 enterprise customers including Uber, NatWest, AXA, USPTO. Average contract value ~$1M. Founded 2015 by Anant Bhardwaj.
Key Facts
- [1]Founded: Founded in 2015 in San Francisco, United States.
- [2]Funding: Total funding: $322M. Last round: Jan 2025. Stage: Late Stage.
- [3]Employees: Employee count: 201-500.
- [4]Website: Official website: instabase.com.
- [5]AI Technology: Core AI/ML technologies: Computer Vision.
- [6]Region: Region: Americas (United States).
Founder
Anant Bhardwaj
Founder & CEO
AI Technology
Computer Vision
Image and video processing, OCR, and document extraction
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Instabase?
Instabase provides AI-powered unstructured document processing for banking, insurance, and healthcare. Raised $100M Series D (Jan 2025) from Qatar Investment Authority at $1.24B valuation. Revenue exceeded $50M in 2024. ~45 enterprise customers including Uber, NatWest, AXA, USPTO. Average contract value ~$1M. Founded 2015 by Anant Bhardwaj. Instabase is classified in the Enterprise Finance segment at the Data layer of the financial AI stack.
Who founded Instabase?
Instabase was founded by Anant Bhardwaj (Founder & CEO) in 2015 in San Francisco, United States. The company has been operating for 11 years.
How much funding has Instabase raised?
Instabase has raised $322M in total funding, placing the company at the Late Stage stage. The most recent round closed in Jan 2025. Among 79 funded Enterprise Finance companies, Instabase ranks #17 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Instabase use?
Instabase primarily leverages Computer Vision technology. Image and video processing, OCR, and document extraction. Within the Enterprise Finance segment, 11 companies use this technology.
What market segment does Instabase operate in?
Instabase operates in the Enterprise Finance market segment. AI enterprise finance companies are automating and enhancing the financial operations of businesses — from accounting and treasury management to financial planning, analysis, and corporate finance.
Where is Instabase headquartered?
Instabase is headquartered in San Francisco, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Instabase's competitors?
Companies similar to Instabase in the Enterprise Finance space include Ocrolus ($142M raised), Tegus ($112M raised), Puzzle ($67M raised), Pilot ($222M raised), Zeni ($48M raised). These companies operate in related areas of financial AI: Ocrolus focuses on ai document automation for lending decisions. Tegus focuses on ai-generated investment research summaries. Puzzle focuses on generative accounting platform for startups. (Based on AIFI Map classification data.)
What products does Instabase offer?
Instabase builds data-layer solutions for the financial services industry. The company's core offering: GenAI-powered document extraction. The platform is powered by Computer Vision technology.