Valuation
$64M
2021 Revenue
$21.3M
Funding
$49.8M
Team
254
Founded
1982
How Instec CEO Ray Simon grew to $21.3M revenue with a 254 person team in 2021.
Developer of cloud computing insurance software designed to offer business expertise and create profitable growth. The company's cloud computing insurance software is integrated with an online platform that provides policy lifecycle management, streams operations from first quote to last endorsement, offers insurance rating and manage policy administration, enabling insurance industries to integrate custom and bureau-based content and create their own innovative products.
Last updated
Instec Revenue
In 2021, Instec's revenue reached $21.3M. Since its launch in 1982, Instec has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2021 | Instec Hit $21.3m revenue in April 2021 | |
| 1982 | Launched with $0 revenue |
Instec Valuation, Funding Rounds
Instec's most recent disclosed valuation is $64M.
Instec has raised $49.8M in total funding across 1 round, with its most recent round in 2011.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2011 | Funding round | $49.8M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Instec yet.
Instec Employees & Team Size
Instec employs approximately 254 people as of 2026, including 35 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2021 | Reached 254 employees (April 2021) |
Frequently Asked Questions about Instec
What is Instec's revenue?
Instec generates $21.3M in revenue.
Who founded Instec?
Instec was founded by Ray Simon.
Who is the CEO of Instec?
The CEO of Instec is Ray Simon.
How much funding does Instec have?
Instec raised $49.8M.
How many employees does Instec have?
Instec has 254 employees.
Where is Instec headquarters?
Instec is headquartered in United States.
Compare Instec to the industry
Instec operates across multiple industries. Browse revenue, funding, and growth data for Instec in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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