Instabase raises $100M to help companies process unstructured document data

Quick Summary:

Instabase, a company that creates software for extracting processing unstructured data from myriad document types, has raised $100 million in a Series D round of funding.

The announcement comes as companies struggle under a deluge of data — data that can unlock key business insights.

They can also apply generative AI to this data, allowing anyone to ask questions or request summaries or insights from across their vast document stores.

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Article Details

Author / Journalist: Paul Sawers

Category: Technology

Markets: United StatesQatar

Topics: Enterprise Instabase

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 15:11:36 (21 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 422 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 25221215

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