← Back to the club

Instabase

Enterprise SoftwareUSA
✂️ Markdown
Peak $2 BillionToday
~-60%
from peak
  1. 🦄
    Became a unicorn
    Oct 2019
  2. 📈
    Peak valuation
    $2 Billion ’23
  3. 💔
    Became a Unitard
    May 2025
  4. 💸
    Last valuation
    ~$800M
Current status
Private; secondary market implies ~$802M (Jun 2026)

How it happened

Instabase has built the first Automation Platform for Unstructured Data, enabling organizations to drive transformation across manual processes by unlocking unstructured data with deep learning. Last valued near $2.00B (Series C-1, 2023); on the secondary market its implied valuation slipped below the $1B unicorn line in May 2025, and now sits around $802M — roughly 60% below that peak.

Source: Forge Global marketplace (Jun 2026)