The verdict
Pick the tool that matches your motion, not the cheaper sticker price.
Instantly is the better volume machine. Unlimited inbox sending, automated warmup and AI reply handling are built for founders and agencies pushing large cold-email campaigns where the inbox itself becomes the bottleneck. The trade-off: email only, from 47 USD/mo, with the lead database billed separately.
Mailshake is the better multichannel sequencer. It runs email, LinkedIn and phone from one sequence and starts cheaper at 29 USD per user per month, so a solo founder gets in for less, though the per-seat model climbs as the team grows and it has no AI reply handling.
Neither has a free tier and both charge extra for lead data, so compare the all-in cost. If outbound for you means sending a lot of cold email, Instantly. If it means a multi-touch sequence across channels, Mailshake.