Instabase, a leading applied artificial intelligence (AI) platform for unstructured data, has announced its $100m Series D funding round.
The round was led by Qatar Investment Authority (QIA) with participation from existing investors Greylock Partners, NEA, Andreessen Horowitz, and Index Ventures.
The company specialises in unstructured data management, providing innovative AI solutions to help enterprises unlock insights from emails, multimedia files, PDFs, and other unstructured content.
Founded in 2015, Instabase has developed a proprietary content understanding capability that integrates seamlessly with existing enterprise systems.
The firm plans to use the new funds to advance the automation, analysis, and search capabilities of its unstructured data platform, AI Hub.
These enhancements aim to improve its ability to help enterprises create agentic-AI-powered processes that manage complex unstructured data at scale.
The company has experienced rapid growth, with its customer base more than doubling since its last funding round.
Instabase has gained traction in financial services and expanded into healthcare, technology, and government sectors. Notable clients include AXA, Uber, and NatWest, which are leveraging the platform for their AI transformations.
Instabase founder and CEO Anant Bhardwaj commented, “Today’s investment reflects our partners’ continued belief in our mission and the tangible impact the Instabase platform has made for enterprises of all sizes. As we progress through the AI age, companies cannot realise their AI capabilities without first harnessing and learning from the unstructured data that lives within every organisation.”
Mohammed Al-Hardan, Head of TMT at QIA, added, “AI agents are transforming the way we work today, generating new and exciting efficiencies for companies across industries. As we continue to invest across the AI stack, we are focusing more and more on solutions for distributed enterprises that can usher a new era in business operations. We look forward to continuing to support Instabase as they scale and refine how data is understood and leveraged.”
Instabase’s federated architecture and enterprise-grade security have positioned it as a trusted partner for many of the world’s largest financial institutions, including four of the five largest US banks, as well as insurance companies and government agencies.
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