Instabase is a Cloud-based, search-centered database of lighting manufacturers' product photometry. The company provides a broad technology platform with a suite of applications and toolkits for operational efficiency.
Instabase's mission is to advance the state of the art by building tools that help people solve important problems, make discoveries, and create new breakthroughs.
Instabase was founded in 2015 by Anant Bhardwaj. The company is headquartered in San Francisco, California, with an offices in New York, Boston and Bangalore.
Instabase is designed as a distributed operating system with the web browser as the user interface, a pluggable storage system for managing data (files and databases), and an app store for applications.
Instabase’s platform enables businesses to build customizable apps for automating different parts of their business. The company provides a general purpose framework for extracting data from documents, and classifying incoming documents.
Instabase applications are mostly designed to automate complex data operations for large organizations. It provides various tools for data extraction, especially from complex documents such as scanned images, PDFs, word/excel documents, emails, and websites.
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.
Instabase is backed by prominent investors including Index Ventures, Greylock Partners, New Enterprise Associates (NEA), Andreessen Horowitz and others. The company raised $105M from a "Series B" financing on Oct 21, 2019. This latest round brings Instabase's total funding to $132M to date.
Instabase received a $1B valuation from the latest "Series B" financing on Oct 21, 2019, to become the newest unicorn from the Bay Area. The company has also acquired Cloudstitch on Feb 14, 2018.