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Business services startup doubled its previous valuation to $2 billion after locking up a $45 million raise.

The round, first reported by , was led by existing investor . Other investors included , and .

The new cash comes after the San Francisco-based startup announced this week it is integrating tools from 鈥檚 large language models.

Instabase allows its customers to create apps and workflows that can perform activities such as onboarding or invoice processing. With the new AI integrations, users can now create AI-powered apps without creating their own models.

The company last raised in 2019, closing a $105 million led by 聽The round valued the company at 鈥渙ver $1 billion.”

Founded in 2015, the startup has now raised $177 million, .

AI is everywhere

While AI seems everywhere, it has mainly been generative AI platforms like OpenAI and聽 that have gained most of the headlines.

However, more and more companies are incorporating AI into their own products and applications to increase the capabilities of its products. Payment giant and language company have announced using OpenAI-bult tools in their products.

Just last month, London-based raised a Series D of more than $250 million led by . The company uses AI in its software development platform.

Of course, not all AI-related news recently has been about big rounds and new tools.

Over the weekend, reported 鈥檚 founder made exaggerated statements about both his own background and his generative AI startup.

The report claims Mostaque misled people 鈥� including investors 鈥� about his education, as well as a deal with 鈥� which referred to it as a strategic partner.

Further reading:

• AI Craze Hits New Level As Anthropic Locks Up $450M, Builder.ai Closes $250M Round

Illustration: Dom Guzman