Last activity: 04.10.2023
Categories: DataPlatformCameraInformationStoreBusinessDocumentsToolsFinTechApp
Today, on your smartphone you have an app store where you can find a dozen apps to have food delivered to your door, but we don’t have an app store where a large enterprise, like a bank, can find an app for income verification, or where an insurance company can find an app for processing claims. Every such application is custom built. We should wonder — why? While the idea of such an app store is appealing, it’s important to note that there is no real app store without good apps, and there can’t be good apps without good tools and good building blocks. Think of the iPhone: what made the app store successful was the underlying building-blocks and tools that iOS provided – Camera, Location, Phone, etc. – which developers and creators could use to build new apps such as Instagram and Uber. The desktop, still an important interface for business applications, never built similar building blocks for businesses. Instabase is a platform for businesses to build customizable apps for automating different parts of their business. For example, a bank can quickly build an app that can automatically verify customer income in a fraction of a second by combing through documents such as camera pictures or scans of paystubs, tax documents, bank statements, and other similar documents submitted by the customer. The platform comes equipped with the tools for reading documents, data extraction and classification, natural language processing, and optical character recognition. It is designed to enable creators, developers, and organizations to quickly build complex business applications based on their needs. Instabase also offers an app store, a growing marketplace of pre-packaged business apps for different industries, such as Income Verification, Adverse Media Analysis, Identity Verification, Trade Finance, Contract Analysis, and Financial Spreading.
Website visits
35.3K /mo.
Employees: 201-500
Phone: +1 415-525-4148
Total raised: $153.75M
Valuation: $1.05B
Founded date: 2015

Investors 8

Funding Rounds 3

08.06.2023Series C$45M-
27.10.2019Series B$105MNew Enterp...

Mentions in press and media 30

04.10.2023Resistant AI Partners With Instabase To Offer Customers Docu...Resistant AI, the AI- and machine learning-powered financial crime prevention specialists announced ...aithority....
08.06.2023Instabase Doubles Valuation to $2B and Launches AI Hub, A Ge...Instabase, a leader in Applied AI for the enterprise,announced its Series C funding round and the la...aithority....
08.06.2023Instabase Raises $45M in Series C FundingInstabase, a San Francisco, CA-based company which specializes in Applied AI for the enterprise,
07.06.2023New tools suite aims to open up generative AI for the enterp...It seems that generative AI is everywhere at the moment, but for businesses understanding how best t...betanews.c...
07.06.2023Instabase unveils AI Hub, a generative AI platform for conte...Join top executives in San Francisco on July 11-12, to hear how leaders are integrating and optimizi...venturebea...
07.06.2023Instabase Lands $45M in Series C SAN FRANCISCO, CA, Instabase, a leader in Applied AI for the enterprise, announced its Series C fu...vcnewsdail...
06.06.2023Instabase lands $45M investment to help companies automate d...Instabase, a startup providing an apps platform that can be used to understand and analyze “unstruct...techcrunch...
25.04.20236 Ways Health Payors Can Leverage Intelligent Document Proce...Tom McCann, Growth Strategy & Business Development, Instabase The prevailing global economic co...hitconsult...
16.12.2022Instabase Announces the General Availability of its Automati...New offering provides simplified procurement, improved time-to-value for customers Instabase, a lea...aithority....
12.01.2022Want To Win? Create The Right Early GTM Strategy.Hasan Imam, Chief Executive Officer Obsidian Security, tells Greylock partner Asheem Chandna about
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