Instabase

Instabase is an AI-powered software platform designed to automate the processing of unstructured data. It enables organizations to extract, analyze, and utilize information from various document types, including PDFs, images, spreadsheets, and handwritten notes, streamlining manual processes and enhancing decision-making across multiple industries.

Key features:

- Document Understanding: Processes text, images, tables, and complex layouts in over 160 languages using multimodal AI technology.
- Data Extraction and Analysis: Automatically extracts tables, fields, text, and visuals without manual annotation or model training, with customizable workflows and quality checks.
- Workflow Automation: Provides end-to-end automation for ingestion, classification, enrichment, and validation of data, with human-in-the-loop capabilities for low-confidence results.
- AI Hub: Allows users to build custom AI apps for document processing, interact with data using natural language queries, and deploy chatbots for complex knowledge access scenarios.
- Security and Compliance: Offers full control over data storage and processing, enterprise-grade security compliant with GDPR, HIPAA, and SOC2 standards, and continuous 24/7 uptime monitoring.

How it works:

1. Users access Instabase through a web application or API.
2. They configure the system using no-code tools to describe the data they need extracted.
3. The AI processes the documents and extracts relevant information.
4. Users can customize pre-built applications for common document types as needed.
5. The system allows for human review of low-confidence results to ensure accuracy.

Integrations:

Azure, AWS, various downstream applications via APIs, Guidewire, Rocket Mortgage, Resistant AI

Use of AI:

Instabase leverages advanced AI technologies to understand and process complex document layouts and visuals. It combines state-of-the-art models with business-specific rules to provide accurate and contextually relevant results. The platform also utilizes an agent-based approach to handle complex queries and minimize errors in data interpretation.

AI foundation model:

Instabase uses its native large language model, InstaLLM, designed specifically for business documents. It also supports integration with OpenAI's GPT-3.5 and GPT-4 models. The platform employs an agent framework to manage complex queries and reduce the likelihood of AI hallucinations.

Target users:

- Financial services institutions
- Insurance companies
- Public sector organizations
- Healthcare providers
- Enterprise shared services departments

How to access:

Instabase is available as a web application, API, and SDK. It is a proprietary platform and is not open-source. Users can access the platform through these interfaces to automate their document-centric workflows and leverage the AI capabilities for data extraction and analysis.

Industry-specific solutions:

- Financial Services: Automates KYC, loan origination, and compliance processes
- Insurance: Streamlines claims processing and broker submissions
- Public Sector: Enhances tax return automation and maintenance management
- Healthcare: Facilitates patient enrollment and procedure code mapping
- Enterprise Shared Services: Optimizes invoice processing and cash application