Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates that Instabase hit $46M ARR in 2023, up 10% year-over-year, serving about 45 enterprise customers across banking, insurance, and healthcare with their hybrid consulting-software model for an average contract value of $1.02M.</li><li>Instabase&#39;s $2B valuation in 2023 represented a 43.5x multiple on its $46M revenue in 2023.</li><li>Instabase found product-market fit using optical character recognition (OCR) and their own ML language model to help banks turn stacks of paystubs, bank statements, and IDs into structured data and build workflows for credit and KYC checks around it.</li></ul>

Sacra estimates that Instabase hit $46M ARR in 2023, up 10% year-over-year, serving about 45 enterprise customers across banking, insurance, and healthcare with their hybrid consulting-software model for an average contract value of $1.02M.Instabase&#39;s $2B valuation in 2023 represented a 43.5x multiple on its $46M revenue in 2023.Instabase found product-market fit using optical character recognition (OCR) and their own ML language model to help banks turn stacks of paystubs, bank statements, and IDs into structured data and build workflows for credit and KYC checks around it.

<ul><li>Reducto closed a $75M Series B round in October 2025 led by Andreessen Horowitz.</li><li>Reducto operates as a B2B API service with a consumption-based SaaS model.</li><li>Reducto's hybrid approach combining traditional computer vision with modern vision-language models positions it between commodity OCR services and expensive custom solutions.</li></ul>

Reducto closed a $75M Series B round in October 2025 led by Andreessen Horowitz.Reducto operates as a B2B API service with a consumption-based SaaS model.Reducto's hybrid approach combining traditional computer vision with modern vision-language models positions it between commodity OCR services and expensive custom solutions.

<ul><li>FurtherAI raised a $25 million Series A in October 2025 led by Andreessen Horowitz.</li><li>The platform can cut submission processing time from 32 minutes to under 1 minute and reduce underwriting audit time by 45%.</li><li>FurtherAI can extend into claims automation and first notice of loss processing, which could double or triple its serviceable market.</li></ul>

FurtherAI raised a $25 million Series A in October 2025 led by Andreessen Horowitz.The platform can cut submission processing time from 32 minutes to under 1 minute and reduce underwriting audit time by 45%.FurtherAI can extend into claims automation and first notice of loss processing, which could double or triple its serviceable market.

<ul><li>Instabase (2015) found initial product-market fit using optical character recognition (OCR) and their own machine learning (ML) language model to help banks turn stacks of paystubs, bank statements, and IDs into structured data and build workflows for credit and KYC checks around it.</li><li>Sacra estimates that Instabase hit $46M ARR in 2023, up 10% year-over-year, serving about 45 enterprise customers across banking, insurance, and healthcare with their hybrid consulting-software model for an average contract value of $1.02M.</li><li>Instabase’s upside hinges on expanding their TAM from credit checks and loan underwriting to enterprise-wide use cases like invoice processing, identity verification, and processing legal contracts.</li></ul>

Instabase (2015) found initial product-market fit using optical character recognition (OCR) and their own machine learning (ML) language model to help banks turn stacks of paystubs, bank statements, and IDs into structured data and build workflows for credit and KYC checks around it.Sacra estimates that Instabase hit $46M ARR in 2023, up 10% year-over-year, serving about 45 enterprise customers across banking, insurance, and healthcare with their hybrid consulting-software model for an average contract value of $1.02M.Instabase’s upside hinges on expanding their TAM from credit checks and loan underwriting to enterprise-wide use cases like invoice processing, identity verification, and processing legal contracts.

Instabase: The $46M/year Palantir Of Banking

United States

Low-code tool for banks and insurers to extract data from unstructured documents

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Instabase (INSTABASE US)

Primer: Instabase - 14 Dec 2025

Low-code tool for banks and insurers to extract data from unstructured documents

Sacra

Primer: Reducto - 15 Oct 2025

API for extracting structured data from unstructured documents like PDFs and spreadsheets

Sacra

Primer: FurtherAI - 09 Oct 2025

AI-powered platform for insurers to automate submission intake, policy comparisons, and underwriting audits

Sacra

Instabase: The $46M/year Palantir Of Banking

TL;DR: Sacra estimates that Instabase hit $46M ARR (up 10% year-over-year) in 2023 with their low-code app platform used by banks, insurance...

Sacra

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)