Instabase is a technology company headquartered in

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

. The company provides an application platform that can be used to understand unstructured data and automate business processes.

History

Instabase was founded by Anant Bhardwaj, when he was a Ph.D. student at the

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a Private university, private Land-grant university, land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern t ...

. In July 2015, he moved to San Francisco where the company is currently located. Instabase announced on August 31, 2015 that it raised $3.75 million from

Greylock Partners Greylock Partners is one of the oldest venture capital firms, founded in 1965, with committed capital of over $3.5 billion under management. The firm focuses on early-stage companies in the consumer, enterprise software and infrastructure as wel ...

and

New Enterprise Associates New Enterprise Associates (NEA) is an American-based venture capital firm. NEA focuses investment stages ranging from seed stage through growth stage across an array of industry sectors. With ~$25 billion in committed capital, NEA is one of the w ...

. On June 14, 2017,

CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sh ...

reported that Instabase raised a $23.2 million Series A led by Martin Casado of

Andreessen Horowitz Andreessen Horowitz (also called a16z, legal name AH Capital Management, LLC) is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California. Andreessen H ...

. Instabase announced its Series B of $105 million on Oct 21, 2019, led by

Index Ventures Index Ventures is a Europe, European venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security. Sinc ...

and joined by

Spark Capital Spark Capital is a venture capital firm in the United States, responsible for early-stage funding startups of consumer, commerce, FinTech, software, frontier, and media sectors. It has branches in San Francisco, Boston, and New York City. Hi ...

Tribe Capital Tribe Capital is an American venture capital firm. Founded in 2018 as a spinoff of Social Capital, company "deploys capital in early stage to late-stage start-ups as well as mature companies via venture, growth equity and loan vehicles," backing ...

, SC Ventures and Glynn Capital, 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.

Acquisitions

On February 14, 2018, Instabase announced that it had acquired Cloudstitch, a web development platform that uses spreadsheets as the back-end.

History

Acquisitions

References

Further reading