Instabase Secures $100M in Series D Funding to Revolutionize Document Data Processing

Instabase Secures $100M in Series D Funding to Revolutionize Document Data Processing
Instabase has successfully raised $100 million in a Series D funding round, aimed at enhancing its software for processing unstructured document data. This funding comes as businesses face challenges managing vast amounts of unstructured data from various sources. The platform enables companies to extract, classify, and analyze data efficiently, utilizing generative AI for deeper insights. Notable clients include Uber and major U.S. banks. Founded in 2015, Instabase has previously raised $175 million, now valued at $2 billion. The Series D round was led by Qatar Investment Authority and includes prominent investors.