Instill AI secures £2.9m in seed funding led by RTP Global to expand hiring and launch cloud services.
The seed round was led by RTP Global with backing from Lunar Ventures and Hive Ventures.
Instill AI develops tools designed to extract insights and generate content from unstructured data sources. The company offers an open-source versatile data pipeline to integrate artificial intelligence into modern data stacks.
Instill AI has secured £2.9m in a seed round led by RTP Global to expand its hiring initiatives and develop a fully managed cloud service. The financing round included participation from Lunar Ventures, Hive Ventures, and several prominent angel investors. The fresh capital will support the startup as it scales its operations and builds upon its open-source data pipeline platform.
The London-based company focuses on simplifying the integration of artificial intelligence into existing data architectures. By providing no-code and low-code tooling for unstructured data, the startup aims to remove the friction typically associated with implementing machine learning workflows.
From the founder
"Unstructured data can be more analyzable, if AI is more accessible. At Instill AI we are committed to making this happen. We believe that machine learning and AI should be as easy to access as other off-the-shelf cloud services in the software industry today. This seed investment helps us speed up the development and strengthen the readiness of the VDP, bringing us one step closer to making the solution to this problem a reality."
Ping-Lin Chang
CEO and Co-founder at Instill AI
Investor perspective
"Having first-hand experience of the pain that comes with deploying AI services, Ping-Lin and his co-founder Xiaofei found a way to help companies of all sizes overcome that pain and seamlessly bring AI into the modern data stack to unlock the value of unstructured data. We were really impressed by the approach the team at Instill AI are taking and can’t wait to see what they achieve in the next part of their journey."
Gareth Jefferies
RTP Global
Use of funds
- 01Grow the team
- 02Continue product development
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About the company
Instill AI
Instill AI builds tools to make artificial intelligence more accessible for processing unstructured data.