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United States
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
In 2021, Instec's revenue reached $21.3M. Since its launch in 1982, Instec has shown consistent revenue growth.
Instec reached a $64M valuation in 2025, set during its M&A Offer round.
Instec has raised $49.8M in total funding across 1 round, with its most recent round in 2011.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $64M | - | |
| 2011 | Funding round | $49.8M | - | - |
| Question | Answer |
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| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
We do not have customer count information for Instec yet.
Instec employs approximately 254 people as of 2026, including 35 sales reps that carry a quota.
Instec generates $21.3M in revenue.
Instec was founded by Ray Simon.
The CEO of Instec is Ray Simon.
Instec raised $49.8M across 1 round.
Instec has 254 employees.
Instec is headquartered in United States.
Instec operates across multiple industries. Browse revenue, funding, and growth data for Instec in each sector below.
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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Valuation
$64M
2021 Revenue
$21.3M
Funding
$49.8M
Team
254
Founded
1982
| Year | Milestone | Source |
|---|---|---|
| 2021 | Instec Hit $21.3m revenue in April 2021 | |
| 1982 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2021 | Reached 254 employees (April 2021) |
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