Startups
Software Unicorn Instabase Valuation Slips to $1.24 Billion in Latest Funding Round
- AI-powered data startup valued at $1.24 billion in deal
- Qatar Investment Authority led the latest fundraising
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Software startup Instabase Inc. has raised $100 million in a new funding round that lowers its valuation to $1.24 billion, the company said.
Previously, investors had valued Instabase at $2 billion, making it the latest Silicon Valley unicorn to grapple with a difficult market for many venture-backed startups.