Instrumentl builds an AI-powered SaaS platform for grant prospecting, tracking and management, serving nonprofits and academic institutions. Founded in 2015, the company applies machine learning to match organizations with funders from a database of more than 400,000 funders, and runs automated 24/7 tracking for new funding opportunities alongside workflow automation for the application process. The technical work spans artificial intelligence, machine learning-based matching and recommendation, automated opportunity tracking and workflow automation.
The company's product, the Instrumentl Grant Platform, is a full-lifecycle system that combines grant prospecting, tracking and management in a single tool. It pairs AI-powered funder matching with continuous opportunity monitoring and a streamlined application workflow. Instrumentl reports that it has served more than 4,000 organizations since 2015, that its customers have found, won and managed over $6.7 billion in grant funding, and that its current base exceeds 5,500 nonprofits and academic institutions.
Based in the United States and operating nationwide, Instrumentl is backed by Summit Partners and Y Combinator. The company states that it is cash flow positive while growing revenue year-over-year. Its customers work in education, conservation and environmental protection, and grant-funded fundraising. The company was founded by former nonprofit development staff who encountered grant-seeking problems firsthand, and describes its mission as democratizing access to funding for communities.
