Qatar’s SWF makes an investment in U.S. unicorn Instabase

Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), has invested in U.S.-headquartered AI-powered data firm Instabase in a fundraising that secured $100 million.

The fund led the latest investment round that brought the software company’s valuation to $1.24 billion, with participation from existing investors Greylock Partners, NEA, Andreessen Horowitz and Index Ventures.

Read the original article in Zawya: Qatar sovereign wealth fund invests in U.S. unicorn Instabase