InsurTech Magazine August 2025 | Page 30

TOP 10 – INSURTECH STARTUPS

05

Anant Bhardwaj, CEO, Instabase

INSTABASE

Latest Funding: US $ 100m Series D( January 2025) CEO: Anant Bhardwaj Founded: 2015
Insurance companies process enormous volumes of paperwork: claims forms, medical records, police reports and more. Traditionally, employees manually review these documents, a time-intensive process prone to errors. Instabase developed AI that reads and understands documents with human-level comprehension but superior speed and accuracy. Its platform handles everything from handwritten notes to complex spreadsheets, automating workflows that previously required hours of manual work. A US $ 100m funding round this year reflects strong demand for document automation solutions in data-heavy industries.
30 August 2025