In an exciting announcement, Instabase has been selected by Plug and Play, the world’s largest early-stage venture investor, accelerator and corporate innovation services platform, and its corporate partners for two acceleration programs, Silicon Valley Insurtech Batch 12 and Summer 2022 Batch 9 Enterprise Tech.
Since its inception in 2006, Plug and Play has built a network of 35,000+ startups, 500+ world-leading corporations and the world’s most prominent venture capital firms, universities and government agencies to create a unique ecosystem designed to drive innovation and solve technology challenges through mutual collaboration. The platform is credited as an early investor in Google, PayPal, UiPath, Dropbox, LendingClub, N26 and more.
Instabase’s automation platform for unstructured data enables enterprises, including leading financial and insurance organizations, to automate processes end-to-end by transforming messy, unstructured data into structured data. Instabase’s automation platform offers cutting-edge deep learning models to automatically understand unstructured data with the highest accuracy and low code building blocks that leverage natural language processing, artificial intelligence and computer vision to digitize, extract and transform the data. By automating critical business processes with Instabase, organizations can reduce their customer response time to seconds, cut operational expenses by freeing employees to focus on high-value work and reduce the risk of human error.
Plug and Play’s accelerator programs provide carefully-selected startups like Instabase with direct access to its strategically-aligned network of trusted partners to drive business development and innovation across more than 20 industries. Instabase is thrilled to be given the opportunity to work with Plug and Play and its corporate partners including Munich Re, USAA, U.S. Bancorp and Unisys, among others, to help solve the unique technical problems facing the Insurtech and Enterprise Tech industries and further expedite Instabase’s global growth.