These Instant Pot Short Ribs are all about comfort and convenience. Bone-in short ribs are pressure-cooked to fall off-the-bone perfection, then served with the most gorgeous red wine gravy. It’s a cozy meal with gourmet flavors!
Season the short ribs with salt and pepper. Pour the olive oil into your instant pot, then press “saute” and set it for 8 minutes. Add HALF of the short ribs and brown on all sides, then transfer to a plate. Wait a few minutes for the instant pot to cool slightly so it doesn't overheat, then add the remaining short ribs and brown those as well.
Next, reset the “saute” function for 6 minutes, then add the onion and carrots and saute for 4 minutes. Then, add the garlic and saute for 1 minute. Pour in the wine and allow it to simmer for 1 minute.
Pour in the balsamic vinegar, soy sauce, brown sugar, beef broth, and thyme and give everything a good stir. Add the short ribs back into the pot. Close the lid, ensuring the valve on top is in the “seal” position, then pressure cook for 45 minutes. Once the timer beeps, natural release the pressure for 15 minutes before manually releasing the remaining pressure. Remove the short ribs to a plate/bowl/serving platter.
Whisk the cornstarch and water together in a small bowl. Press “saute” and set it for 5 minutes, then pour in the cornstarch mixture and allow the sauce to simmer until the timer beeps, which will allow it to thicken into a gravy-like consistency.