Instabase

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Instabase
TypePrivate
IndustrySoftware
Founded2015 (2015)
FounderAnant Bhardwaj
Headquarters
San Francisco, California
,
United States[1]
Number of locations
San Francisco, New York, London, and Bangalore
Area served
Worldwide

Instabase is a technology company headquartered in San Francisco. 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. 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 and New Enterprise Associates.[2] On June 14, 2017, CNBC reported that Instabase raised a $23.2 million Series A led by Martin Casado of Andreessen Horowitz.[1] Instabase announced its Series B of $105 million on Oct 21, 2019, led by Index Ventures and joined by Spark Capital, Tribe Capital, 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.[3][4][5][6][7]

Acquisitions[]

On February 14, 2018, Instabase announced that it had acquired Cloudstitch, a web development platform that uses spreadsheets as the back-end.[8]

References[]

  1. ^ a b 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 November 1, 2019.
  2. ^ Hay, Timothy (August 31, 2015). "Instabase Stockpiles $3.7M for Hiring". The Wall Street Journal. Retrieved September 8, 2015.
  3. ^ McBride, Sarah (October 21, 2019). "Instabase Achieves Unicorn Status and Finally Explains What It Does". Bloomberg. Retrieved October 21, 2019.
  4. ^ Bhardwaj, Anant; Cannon, Sarah (October 21, 2019). "The Business Model Behind Silicon Valley's Newest Unicorn" (Online video of television program). Bloomberg Technology (Interview). Interviewed by Taylor Riggs. Bloomberg. Retrieved November 1, 2019. Instabase Inc. Chief Executive Officer Anant Bhardwaj and Index Ventures Partner Sarah Cannon discuss Instabase's business model and the tech IPO landscape with Bloomberg's Taylor Riggs on "Bloomberg Technology."
  5. ^ "Instabase Hits Unicorn Status on $105 Million Raise". Cheddar (TV channel). October 21, 2019. Retrieved October 21, 2019.
  6. ^ "With Instabase, Anant Bhardwaj gives US a brand-new Unicorn". The Economic Times. October 21, 2019. Retrieved October 21, 2019.
  7. ^ Mathur, Priyamvada (October 21, 2019). "Instabase tops $1B valuation with app-building tool suite". PitchBook Data. Retrieved October 21, 2019.
  8. ^ "Instabase Acquires Cloudstitch". Retrieved December 4, 2020.

Further reading[]

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