Instill AI raises US$3.6M seed funding to make AI more accessible

Instill AI, a startup providing tools to derive insights or generate meaningful content from unstructured data, has secured US$3.6 million in a seed funding round.

RTP Global led the round, with co-investments from Lunar Ventures and Hive Ventures.

Charles Songhurst, former Microsoft executive; Demetrios Kellari, Head of Systems and Technology Integration at Cavnue; Mehdi Ghissassi, Director of Product for Google’s AI/ML research org; also joined.

The investment will enable the startup to launch later this year a fully managed cloud service to remove the stress of infrastructure maintenance for community members. To accomplish this, Instill AI will expand its hiring efforts and double its headcount by the end of 2023.

Also Read: Taiwanese enterprise AI startup Profet AI secures US$5.6M Series A

Founded in 2020 by Ping-Lin Chang and Xiaofei Du, Taiwan- and London-based Instill AI provides modern data and AI teams with no/low-code tools to streamline the process of distilling the value of unstructured data and converting unstructured data into meaningful data representations.

By integrating Instill AI’s solution into their data stack, data and AI teams can glean richer insights, uncover unknown patterns, develop AI applications faster, and work more efficiently.

Instill AI has also introduced its open-source project — Versatile Data Pipeline (VDP) for unstructured data ETL (Extract, Transform and Load) — which brings AI into the modern data stack.

“It is about time to give unstructured data more love. Unstructured data can be more valuable if AI is more accessible. We at Instill AI are fully committed to solving the problem,” said Chang, Co-Founder and CEO.

In 2021, it secured a pre-seed round from Cornerstone Ventures.

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