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Instabase

instabase.com

Founded Year

2015

Stage

Series B | Alive

Total Raised

$131.94M

Valuation

$0000 

Last Raised

$105M | 3 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+10 points in the past 30 days

About Instabase

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.

Headquarters Location

111 Sutter St Suite 900

San Francisco, California, 94104,

United States

213-453-0488

ESPs containing Instabase

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Insurance / P&C Insurance Tech

Optical character recognition (OCR) systems extract hard-to-read handwritten text or images of text from unstructured data sources and convert it to readable, machine-encoded text. This technology enables life insurers to reduce costs and make data processing more efficient by limiting manual data digitization.

Instabase named as Challenger among 7 other companies, including Hyperscience, Hive, and Celaton.

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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 Digital Health.

D

Digital Health

8,838 items

Startups recreating how healthcare is delivered

B

Banking

1,156 items

U

Unicorns- Billion Dollar Startups

1,201 items

A

Artificial Intelligence

9,442 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

T

Tech IPO Pipeline

282 items

Track and capture company information and workflow.

F

Fintech

7,565 items

US-based companies

Instabase Patents

Instabase has filed 1 patent.

The 3 most popular patent topics include:

  • Computer security exploits
  • Information technology management
  • Data management
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/29/2021

8/16/2022

Machine learning, Classification algorithms, Artificial neural networks, Units of information, Artificial intelligence

Grant

Application Date

6/29/2021

Grant Date

8/16/2022

Title

Related Topics

Machine learning, Classification algorithms, Artificial neural networks, Units of information, Artificial intelligence

Status

Grant

Latest Instabase News

USPTO Completes Pilot of Signature Automation Tech From Instabase, Satsyil

Oct 31, 2022

USPTO Completes Pilot of Signature Automation Tech From Instabase, Satsyil by October 31, 2022, 12:04 pm A signature automation software that integrates technologies from Instabase and Satsyil has been selected for pilot tests by the U.S. Patent and Trademark Office. The platform works to eliminate the need for manual matching of names and signatures in inventor oaths and reviewing of patent application documents, Instabase said Thursday. Instabase uses deep learning architecture to extract and match names with corresponding signatures throughout a document despite differences in formats and languages. This capability was integrated into Satsyil’s workflow and infrastructure, which uses artificial intelligence and machine learning in data analysis. The software is meant to enable USPTO to automatically cross-check for variations in the same applicant’s names and signatures, and correctly count the number of their submissions. “Instabase allows us to quickly tap into more of the trapped data found in our unstructured patent applications with ease and accuracy,” said Scott Beliveau, chief of enterprise advanced analytics at USPTO. Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Artificial Intelligence Join Us Now

Instabase Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Instabase Rank

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 111 Sutter St, San Francisco.

  • What is Instabase's latest funding round?

    Instabase's latest funding round is Series B.

  • How much did Instabase raise?

    Instabase raised a total of $131.94M.

  • Who are the investors of Instabase?

    Investors of Instabase include New Enterprise Associates, Greylock Partners, Andreessen Horowitz, Tribe Capital, Glynn Capital Management and 6 more.

  • Who are Instabase's competitors?

    Competitors of Instabase include Alkymi, Applica, Kofax, Hyperscience, cognaize, DocDigitizer, Ocrolus, Super.AI, Celaton, Hehe Information and 14 more.

Compare Instabase to Competitors

Hyperscience Logo
Hyperscience

Hyperscience automates manual document processing for global financial services, insurance, healthcare, and government organizations. Its proprietary solution classifies documents and extracts data. Structured data files are then sent downstream for processing, decreasing wasted manual effort, and increasing output and productivity. The company was founded in 2014 and is based in New York, New York.

Eigen Technologies Logo
Eigen Technologies

Eigen Technologies is a natural language processing (NLP) company based in London and New York. The company enables organizations to unlock the value of their qualitative data by automating the extraction of text from documents using machine learning.

Super.AI Logo
Super.AI

Super.AI develops an AI enablement platform that accelerates machine learning projects by using AI and humans to generate, structure, and label any type of data. The firm's products include unstructured data processing, intelligent document processing, Super.Redact, Super.Classify, Super.Extract, and Super.Answer. Super.AI primarily serves the financial services, insurance, and retail industries. It was founded in 2017 and is based in Bellevue, Washington.

Celaton Logo
Celaton

Celaton is an IT software firm developing software-as-a-service (SAAS) systems for businesses. The company's inSTREAM solution is a universal hub that enabless organizations to streamline and automate all inbound information streams. inSTREAM goes beyond document scanning, data capture and optical character recognition (OCR) to deliver efficiencies previously out of reach.

A
Artsyl Tech

Artsyl Tech develops smart process technology to power process improvement. Smart process technology reduces business process costs, improves data accuracy, speeds workflows, integrates data with applications, improves visibility and ensures compliance. With features such as Multi-Channel Capture, Automated Document Classification, Advanced OCR Extraction, Text Recognition, Rules Based Validation, Approvals/Escalations, Notifications and Data Integration, Artsyl can streamline many business process.

DocDigitizer Logo
DocDigitizer

Doc Digitizer is a cognitive OCR technology (powered by Machine Learning) that enables the data capture from unstructured documents transforming it into accessible information.

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