Instinct raises $1 billion at $10 billion valuation
Instinct, a startup behind a viral AI assistant that handles tasks like bookings and bill payments, just raised $1 billion from Sequoia, Benchmark, and Coatue. The Series C values Instinct at $10 billion—up from $2.5 billion barely a month ago. The company hasn’t shared user numbers, but says the cash will fund more features. For now, Instinct works over text, with no app.
- Series C brings valuation from $2.5B to $10B in one month
- No user or growth numbers disclosed yet
- Uses SMS for tasks—no mobile app available
- Concierge feature can make phone calls for users
- Privacy policy has been updated after criticism
Sources covering this
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