# Instill AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/instill-ai

- Industry: Software
- Headquarters: London, UK
- Website: www.instill.tech
- Total disclosed funding: $3.6M
- Latest round: Seed (Dec 12, 2022)
- Investors on record: 3

## About

Founded in 2020 by Ping-Lin Chang (CEO), and Xiaofei Du (COO), and based in England, UK, Instill AI Ltd. operates as a provider of tools that extract actionable insights and produce content from unstructured data. In February 2023, Instill AI Ltd. raised USD 3.6 million in seed funding led by new investor RTP Global, with participation from other new investors HIVE Ventures and Lunar ventures.

The firm employs artificial intelligence (AI)-based tools that enable users to extract structured data from unstructured data like images, videos, audio, and texts without the need for data connectors to form meaningful data representations. The firm offers open-source, low-code software that performs image classification, object detection, keypoint detection, OCR, etc.

The company generates revenue by providing artificial intelligence (AI)-based tools.

The company intends to use the February 2023 funding to support manpower expansion.

## Funding rounds

- Seed, Dec 12, 2022, $3.6M — RTP Global, Lunar Ventures, HIVE Ventures

## Investors

- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Seed
- Lunar Ventures (https://capitalatlas.ai/funds/lunar-ventures) — Seed
- HIVE Ventures — Seed