Funding for data startup Instill AI

Founded in 2020, Instill AI offers no-code and low-code artificial intelligence-based tools used by businesses to extract insights from unstructured data.

In 2022, the company launched its ‘versatile data pipeline’ (VDP) tool, which allows users to sync unstructured data into centralised warehouses or applications.

Venture capital firm RTP Global led the funding round, with investments from Lunar Ventures, Hive Ventures, Charles Songhurst, Demetrios Kellari, and Mehdi Ghissassi, director of product for Google’s artificial intelligence/machine learning research organisation.

Instill AI plans to use the seed funding to double the size of its team and bolster its development of an open-source machine learning infrastructure for unstructured data.

Ping-Lin Chang, chief executive and co-founder of Instill AI, said in a blog post: “Unstructured data can be more valuable if AI is more accessible. We at Instill AI are fully committed to solving the problem.”