Instabase
 | |
| Private | |
| ISIN | 🆔 |
| Industry | Software |
| Founded 📆 | 2015 |
| Founder 👔 | Anant Bhardwaj |
| Headquarters 🏙️ | , , |
Number of locations | San Francisco, New York, Boston, and Bangalore |
Area served 🗺️ | Worldwide |
| Members | |
Number of employees | |
| 🌐 Website | about.instabase.com |
| 📇 Address | |
| 📞 telephone | |
Instabase is a technology company headquartered in San Francisco, United States.[1] The company provides a broad technology platform, and an app store for businesses applications.[2][3][4][5]
History[edit]
Instabase was founded by Anant Bhardwaj, when he was a Ph.D. student at the Massachusetts Institute of Technology. In July 2015, he moved to San Francisco where the company is currently located. Instabase announced on August 31, 2015 that it has raised $3.75 million from Greylock Partners and New Enterprise Associates.[6] On June 14, 2017, CNBC reported that Instabase has raised a $23.2 million Series A led by Martin Casado of Andreessen Horowitz.[7] Instabase announced its Series B of $105 million on Oct 21, 2019 which valued the company at over $1 billion. In this announcement, for the first time Instabase publicly disclosed the details of what the company does and who are its customers.[3][2][5][8][9][10]
Software[edit]
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.[4][3][2][5]
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.[10][2][5]
The platform also provides a variety of applications for machine learning, and data science including IPython-style notebooks which is widely used by universities for teaching classes.[11] The Stanford University Dean of Engineering, Jennifer Widom used Instabase Notebooks for her 2016-17 Instructional Odyssey, a year-long sabbatical in which she traveled the world offering free short courses in data and design.[12]
Acquisitions[edit]
On February 14, 2018, Instabase announced that it has acquired Cloudstitch, a web development platform that uses spreadsheets as the back-end.[13]
References[edit]
- ↑ "Instabase - Crunchbase". Retrieved September 8, 2015.
- ↑ 2.0 2.1 2.2 2.3 "The Business Model Behind Silicon Valley's Newest Unicorn". Bloomberg Television. Oct 21, 2019. Retrieved Oct 21, 2019.
- ↑ 3.0 3.1 3.2 McBride, Sarah (Oct 21, 2019). "Instabase Achieves Unicorn Status and Finally Explains What It Does". Bloomberg. Retrieved Oct 21, 2019.
- ↑ 4.0 4.1 "Instabase Raises $105M to Reimagine Business Applications From the Ground Up". Oct 21, 2019. Retrieved Oct 21, 2019.
- ↑ 5.0 5.1 5.2 5.3 "Instabase Hits Unicorn Status on $105 Million Raise". Cheddar (TV channel). Oct 21, 2019. Retrieved Oct 21, 2019.
- ↑ Hay, Timothy (August 31, 2015). "Instabase Stockpiles $3.7M for Hiring". The Wall Street Journal. Retrieved September 8, 2015.
- ↑ Novet, Jordan (June 14, 2017). "VC firm Andreessen Horowitz explains why it led a $23 million round in a social network for data". CNBC. Retrieved June 14, 2017.
- ↑ "With Instabase, Anant Bhardwaj gives US a brand-new Unicorn". The Economic Times. Oct 21, 2019. Retrieved Oct 21, 2019.
- ↑ Mathur, Priyamvada (Oct 21, 2019). "Instabase tops $1B valuation with app-building tool suite". PitchBook_Data. Retrieved Oct 21, 2019.
- ↑ 10.0 10.1 Mary Ann, Azevedo (Oct 21, 2019). "Instabase Raises Massive $105M Series B, Reaches Unicorn Status". Crunchbase. Retrieved Oct 21, 2019.
- ↑ "Introduction to Databases". Retrieved February 2, 2017.
- ↑ "Professor Widom's Instructional Odyssey". Retrieved February 2, 2017.
- ↑ "Instabase Acquires Cloudstitch". Retrieved February 15, 2018.
External links[edit]
This article "Instabase" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Instabase. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
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