AI Hub is an innovative repository of AI applications focused on content understanding and a suite of generative AI-based tools
Instabase, a U.S. based tech company, and a global leader in Applied AI for the enterprise, announced a $45 million Series C funding round at $2B valuation and the launch of AI Hub, an innovative repository of AI applications focused on content understanding and a suite of generative AI-based tools. This latest funding round, led by Tribe Capital, with participation from Andreessen Horowitz, New Enterprise Associates, Greylock Partners, Spark Capital, K5 Global, J.P. Morgan, and Standard Chartered Ventures, has doubled Instabase’s valuation to a remarkable $2 billion. Anant Bhardwaj, the founder of Instabase, is an Indian computer scientist, software engineer, and Internet entrepreneur. Born in Nalanda, Bihar and currently settled in Pune, Bhardwaj established Instabase in 2015 and currently serves as its CEO. After completing his undergraduate degree in Computer Engineering at the University of Pune, he pursued a Masters in Computer Science at Stanford University and went on to join the prestigious Massachusetts Institute of Technology for his Ph.D. studies, where he was co-advised by Sam Madden and David Karger. In 2015, Bhardwaj made the bold decision to drop out of the Ph.D. program and embark on his journey to found Instabase, where he is also the CEO. Speaking to journalists in Pune, Bhardwaj said, “Instabase AI Hub platform is a suite of self-service generative AI solutions that democratize access to content understanding. With the introduction of the flagship app AI Hub Converse, individuals can engage in interactive conversations, obtain answers to queries, summarize content, and more, all from diverse sources such as documents, spreadsheets, and images. From tax files to insurance claims, receipts, invoices, and customer data, the AI Hub Converse empowers users to engage with their content and receive responses as if interacting with an expert in the field.”
