Instabase lands $45M investment to help companies automate document processing

Instabase, a startup providing an apps platform that can be used to understand and analyze “unstructured” data, today announced that it raised $45 million in a Series C round led by Tribe Capital, with participation from Andreessen Horowitz (a16z), New Enterprise Associates and Spark Capital.
The round values Instabase at $2 billion — double its previous valuation — and comes as the company looks to increase its investment in generative AI.
“At Instabase, we’ve built a platform that’s trusted by some of the most demanding global enterprises in some of the most highly regulated industries,” Anant Bhardwaj told TechCrunch in an …