Anant Bhardwaj

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Anant Bhardwaj
Anant Bhardwaj Profile Picture in 2014.jpg
Alma mater Massachusetts Institute of Technology, Stanford University, Pune University
Occupation(s) Computer scientist, software engineer, Internet entrepreneur
Known for Instabase
Website people.csail.mit.edu/anantb/

Anant Bhardwaj is an Indian computer scientist, software engineer, and Internet entrepreneur. [1] [2] He founded Instabase in 2015, and is its CEO. [3] [4]

Contents

Early life and education

Anant Bhardwaj was born and raised in India. [1] [5] He did his undergraduate degree in Computer Engineering at the University of Pune, and then moved to the United States in 2010 to attend Stanford University where he earned a Masters in Computer Science. [1] [5] In 2012, he went to the Massachusetts Institute of Technology to pursue a Ph.D. where he was co-advised by Sam Madden and David Karger. [6]

Career

Bhardwaj started working on a project called DataHub (a platform for building workflows/applications on unstructured data/content) as part of his Ph.D. research at the MIT Computer Science and Artificial Intelligence Laboratory. [7] [8] In July 2015, he dropped out of the Ph.D. program and moved to the Bay Area to raise capital for Instabase based on the ideas he was exploring with the DataHub project. [7] [8] Greylock Partners and New Enterprise Associates were the first investors in the company. [7] Over the years, Instabase attracted several top tier investors from Silicon Valley including Andreessen Horowitz, Greylock Partners, New Enterprise Associates, Index Ventures, Spark Capital, and Tribe Capital. [7] [8] [9] [10] [3] [4]

Instabase

On August 31, 2015 The Wall Street Journal reported that Instabase had raised $3.75 million from Greylock Partners and New Enterprise Associates to build a cloud based hub for running data applications. [7]

On June 14, 2017, CNBC reported that Instabase raised a $23.2 million Series A led by Martin Casado of Andreessen Horowitz to build social network for data. [8]

On Oct 21, 2019, Bloomberg News reported that Instabase has raised a Series B of $105 million, led by Index Ventures and joined by Spark Capital, Tribe Capital, SC Ventures, and Glynn Capital, which valued the company at over $1 billion. [10] On the same day, Bhardwaj and Sarah Cannon (a partner at Index Ventures) appeared on Bloomberg TV to discuss the details of what Instabase does and who are its customers. [9] [10] [11] [1] [12]

On June 6, 2023, Bloomberg News reported that Instabase has doubled its valuation to $2B in its latest round of Series C, and the launch of AI Hub, a Generative AI based platform for content understanding. [4] In an interview with Bloomberg TV, Bhardwaj discussed the launch of AI Hub, the current macro environment, and their partnership with Open AI. [4] [3] [13] [14] [5]

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References

  1. 1 2 3 4 "With Instabase, Anant Bhardwaj gives US a brand-new Unicorn". The Economic Times . October 21, 2019. Retrieved October 21, 2019.
  2. ↑ "How Instabase found product-market fit". www.unusual.vc. Retrieved 2023-07-10.
  3. 1 2 3 Bhardwaj, Anant (June 6, 2023). "Startup Instabase Notches $2B Valuation, Incorporates AI" (Online video of television program). Bloomberg Technology (Interview). Interviewed by Caroline Hyde in New York and Ed Ludlow from San Francisco. Bloomberg. Retrieved June 6, 2023. Business services startup Instabase has raised a new round of funding that doubles its valuation to $2 billion, a deal buoyed by the company's use of new generative artificial intelligence tools in its suite of corporate products. Instabase founder and CEO joins Caroline Hyde and Ed Ludlow to discuss.
  4. 1 2 3 4 McBride, Sarah (June 6, 2023). "Startup Instabase Notches $2 Billion Valuation, Incorporates New AI". Bloomberg . Retrieved June 6, 2023.
  5. 1 2 3 Urunkar, Salil (June 24, 2023). "Offering AI platform to grow revenue, boost efficiency and improve customer experiences". Hindustan Times . Retrieved June 24, 2023.
  6. ↑ "Anant Bhardwaj" . Retrieved September 4, 2017.
  7. 1 2 3 4 5 Hay, Timothy (August 31, 2015). "Instabase Stockpiles $3.7M for Hiring" . The Wall Street Journal . Retrieved September 8, 2015.
  8. 1 2 3 4 Novet, Jordan (June 14, 2017). "VC firm Andreessen Horowitz explains why it led a $23 million round in a social network for data". CNBC . Retrieved November 1, 2019.
  9. 1 2 Bhardwaj, Anant; Cannon, Sarah (October 21, 2019). "The Business Model Behind Silicon Valley's Newest Unicorn" (Online video of television program). Bloomberg Technology (Interview). Interviewed by Taylor Riggs. Bloomberg. Retrieved November 1, 2019. Instabase Inc. Chief Executive Officer Anant Bhardwaj and Index Ventures Partner Sarah Cannon discuss Instabase's business model and the tech IPO landscape with Bloomberg's Taylor Riggs on Bloomberg Technology.
  10. 1 2 3 McBride, Sarah (October 21, 2019). "Instabase Achieves Unicorn Status and Finally Explains What It Does". Bloomberg . Retrieved October 21, 2019.
  11. ↑ "Instabase Hits Unicorn Status on $105 Million Raise". Cheddar (TV channel) . Oct 21, 2019. Retrieved Oct 21, 2019.
  12. ↑ Mathur, Priyamvada (Oct 21, 2019). "Instabase tops $1B valuation with app-building tool suite". PitchBook Data. Retrieved Oct 21, 2019.
  13. ↑ Dey, Victor (June 7, 2023). "Instabase lands $45M investment to help companies automate document processing". VentureBeat . Retrieved June 7, 2023.
  14. ↑ Wiggers, Kyle (June 6, 2023). "Instabase unveils AI Hub, a generative AI platform for content understanding". TechCrunch . Retrieved June 6, 2023.
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