AI Assistant Startup Instinct Completes $1 Billion Series C Round at $10 Billion Valuation

Tapbit news, September 28 – According to TechCrunch, AI assistant startup Instinct has completed a $1 billion Series C funding round, with investors including Sequoia Capital, Benchmark Capital and Coatue, at a valuation of $10 billion. This comes just one month after the company announced a funding round at a $2.5 billion valuation.

Instinct is a new type of consumer-grade AI agent that can not only answer questions and hold conversations, but also complete real tasks for users, such as booking travel and restaurants, shopping, paying bills, canceling subscriptions, conducting research and ordering groceries. Instinct communicates with users via text messaging, has no mobile app yet, and has not disclosed user data or growth metrics.