Instabase

Short description: Technology company

Instabase, Inc

Type| Private
Industry| Software
Founded| 2015 (2015)
Founder| Anant Bhardwaj
Headquarters|

San Francisco, California

United States[1]

Number of locations

| San Francisco , New York City , London, and Bangalore

Area served

| Worldwide
Website| instabase.com

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.

## Contents

* 1 History
* 2 Acquisitions
* 3 References
* 4 Further reading
* 5 External links

## 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. ↑ 1.0 1.1 Novet, Jordan (June 14, 2017). "VC firm Andreessen Horowitz explains why it led a $23 million round in a social network for data". https://www.cnbc.com/2017/06/14/andreessen-horowitz-leads-23-million-round-in-instabase.html. Retrieved November 1, 2019.
2. ↑ Hay, Timothy (August 31, 2015). "Instabase Stockpiles $3.7M for Hiring". https://www.wsj.com/articles/DJFVW00120150831eb8vati2m. Retrieved September 8, 2015.
3. ↑ McBride, Sarah (October 21, 2019). "Instabase Achieves Unicorn Status and Finally Explains What It Does". https://www.bloomberg.com/news/articles/2019-10-21/instabase-achieves-unicorn-status-and-finally-explains-what-it-does. 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". Oct 21, 2019. https://cheddar.com/media/instabase-hits-unicorn-status-on-million-raise. Retrieved Oct 21, 2019.
6. ↑ "With Instabase, Anant Bhardwaj gives US a brand-new Unicorn". October 21, 2019. https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/with-instabase-anant-bhardwaj-gives-us-a-brand-new-unicorn/articleshow/71698424.cms. Retrieved October 21, 2019.
7. ↑ Mathur, Priyamvada (Oct 21, 2019). "Instabase tops $1B valuation with app-building tool suite". PitchBook Data. https://pitchbook.com/news/articles/instabase-tops-1b-valuation-with-app-building-tool-suite. Retrieved Oct 21, 2019.
8. ↑ "Instabase Acquires Cloudstitch". https://blogs.instabase.com/instabase-acquires-cloudstitch-c78a272ec660. Retrieved December 4, 2020.

## Further reading

* "Instabase Raises $105M to Reimagine Business Applications From the Ground Up". Oct 21, 2019. https://about.instabase.com/article/instabase-raises-105m/. Retrieved Oct 21, 2019.

## External links

* instabase.com

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