Instabase
Founded Year
2015Stage
Unattributed VC | AliveTotal Raised
$180.94MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+44 points in the past 30 days
About Instabase
Instabase focuses on automating business processes through artificial intelligence, operating within the technology and AI sectors. Its main offerings include AI-powered solutions for understanding, extracting, and analyzing unstructured data to streamline document processing and generate actionable insights. Instabase primarily serves sectors such as financial services, insurance, healthcare, and the public sector. It was founded in 2015 and is based in San Francisco, California.
Loading...
ESPs containing Instabase
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The intelligent document processing (IDP) market automates the processing of unstructured data, such as documents, emails, images and videos. This is achieved using AI and machine learning technologies that can extract relevant information from these sources and integrate it into workflows. The IDP market is growing rapidly as businesses seek to reduce manual processing costs, improve accuracy and…
Instabase named as Leader among 15 other companies, including Oracle, NEC, and Automation Anywhere.
Loading...
Research containing Instabase
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Instabase in 2 CB Insights research briefs, most recently on Jan 23, 2023.
Expert Collections containing Instabase
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Instabase is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,249 items
Tech IPO Pipeline
282 items
Track and capture company information and workflow.
Fintech
9,304 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Digital Banking
104 items
ITC Vegas 2024 - Exhibitors and Sponsors
699 items
Created 9/9/24. Updated 10.22.24. Company list source: ITC Vegas. Check ITC Vegas' website for final list: https://events.clarionevents.com/InsureTech2024/Public/EventMap.aspx?shMode=E&ID=84001
Artificial Intelligence
6,888 items
Instabase Patents
Instabase has filed 23 patents.
The 3 most popular patent topics include:
- information technology management
- data management
- software architecture
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
6/1/2023 | 8/20/2024 | Grant |
Application Date | 6/1/2023 |
|---|---|
Grant Date | 8/20/2024 |
Title | |
Related Topics | |
Status | Grant |
Latest Instabase News
Sep 13, 2024
By Gloria Methri Share İşbank , the Turkish private bank, has announced a partnership with Instabase, the AI platform for unlocking insights from unstructured data. The partnership, which was facilitated by Maxitech, aims to transform the way İşbank processes money orders in the first phase, a task traditionally bogged down by the complexities of unstructured data. Every day, İşbank receives approximately 30,000 pages of customer money orders, with a significant portion requiring manual classification and data entry. The partnership with Instabase introduces an innovative solution for the Commonfax use case. This solution leverages artificial intelligence to automatically classify, extract, and validate data from these documents. As a result of implementing this technology, İşbank has achieved improvements in efficiency, increasing the successful classification ratio from 41.4% to 85% and the successful extraction ratio from 22.5% to 75%. Instabase has built the Commonfax use case together in partnership with İşbank and will significantly reduce manual effort as well as improve classification and extraction accuracy. It represents a first use case to reduce the operational burden on employees, with many more on the way. “At İşbank, we are constantly seeking innovative solutions to improve our operational efficiency and customer satisfaction. Partnering with Instabase and leveraging their advanced AI technology, facilitated by our subsidiary Maxitech, enables us to revolutionise money order processing, reducing costs and improving service delivery. We are thrilled to be the first in Türkiye to deploy such a cutting-edge AI solution, which has yielded evident and measurable benefits to our business,” said Meltem Vural, head of Enterprise Architecture. Burak Arik, CEO of Maxitech, expressed his enthusiasm. Maxitech, a Silicon Valley-based subsidiary of İşbank, identified Instabase and enabled this partnership, “At Maxitech, we are committed to solving today’s enterprise challenges with tomorrow’s technologies. This partnership embodies our mission to bridge the gap between truly disruptive startups and industry-leading enterprises. Utilising our extensive network and deep market insights, we are positioned to bring Instabase’s transformative potential to a broader range of enterprises.” Darragh Byrne, Partnerships Lead at Instabase, said, “We are thrilled to partner with İşbank and contribute to their digital transformation journey. By utilising the Instabase-powered Commonfax solution, İşbank can streamline their money order processing, enhance accuracy, and provide faster services to their customers.” Previous Article Digital monthly issue Global coverage
Instabase Frequently Asked Questions (FAQ)
When was Instabase founded?
Instabase was founded in 2015.
Where is Instabase's headquarters?
Instabase's headquarters is located at 955 Lincoln Boulevard, San Francisco.
What is Instabase's latest funding round?
Instabase's latest funding round is Unattributed VC.
How much did Instabase raise?
Instabase raised a total of $180.94M.
Who are the investors of Instabase?
Investors of Instabase include Bossa Invest, New Enterprise Associates, Greylock Partners, Andreessen Horowitz, Tribe Capital and 9 more.
Who are Instabase's competitors?
Competitors of Instabase include Indico Data, Eigen Technologies, Natif.ai, Super.AI, Docugami and 7 more.
Loading...
Compare Instabase to Competitors
Hyperscience provides an enterprise AI platform that specializes in intelligent document processing and hyperautomation technologies. The company offers solutions that transform unstructured content into structured, actionable data, enabling businesses to automate complex, mission-critical processes. Hyperscience serves various sectors, including financial services, government agencies, and insurance companies. It was founded in 2014 and is based in New York, New York.
Rossum offers a document processing platform. It is an artificial intelligence (AI)--based cloud document gateway for automated business communication. It understands complex structured documents and enables companies to capture data from financial documents with human-level accuracy. It was founded in 2017 and is based in Prague, Czech Republic.
ABBYY is a company specializing in intelligent automation and document understanding within the technology sector. Its main offerings include intelligent document processing platforms that capture and transform data from various document types and process intelligence solutions that provide insights for business process optimization. ABBYY's products are primarily utilized in industries such as financial services, insurance, transportation, public sector, and healthcare. It was founded in 1989 and is based in Milpitas, California.
TAIGER focuses on artificial intelligence with a specialization in document automation and cognitive task processing. The company provides a platform, Omnitive IDP, which enables document classification and data extraction using Generative AI, while adhering to data privacy and security regulations. TAIGER's solutions are aimed at automating cognitive tasks for various industries and support document processing in multiple languages. TAIGER was formerly known as Playence. It was founded in 2009 and is based in Singapore, Singapore.
Parascript is a company that specializes in Intelligent Document Processing (IDP) in the technology sector. The company offers software solutions that automate data entry and modernize document workflows, eliminating manual processes and streamlining access to data. Parascript primarily serves sectors such as banking and finance, healthcare and insurance, government, logistics and transportation, and mail and post. It was founded in 1996 and is based in Longmont, Colorado.
Indico Data specializes in artificial intelligence solutions for automated document intake across various industries. Its main offering includes an Intelligent Intake solution that automates the processing of unstructured data. It serves sectors such as the insurance industry, financial services, and healthcare, optimizing processes such as underwriting, claims, policy servicing, and revenue cycle management. It was founded in 2014 and is based in Boston, Massachusetts.
Loading...