Funding Round · The Information · Crypto Briefing
AI assistant company Instinct targets $10 billion valuation in new funding talks: Report
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The company reached a $2.5 billion valuation after raising $250 million in a Series B round last August, taking its total funding to $350 million.
Key facts
- Instinct, the startup behind the personal AI assistant of the same name, is seeking $1 billion at a $10 billion valuation as access expands and users surpass 100,000, The Information reported
- The company reached a $2.5 billion valuation after raising $250 million in a Series B round last August, taking its total funding to $350 million
- Instinct was last valued at $2.5 billion following a Series B funding round led by Index Ventures and Benchmark that brought its total funding to $350 million
- Founded last year by Noah Shinn, a former researcher at AI customer-service startup Sierra, Instinct offers an invite-only AI personal assistant that can connect to users’ apps and devices
Summary
Instinct, the startup behind the personal AI assistant of the same name, is seeking $1 billion at a $10 billion valuation as access expands and users surpass 100,000, The Information reported Tuesday, citing a person with knowledge of the deal. Founded last year by Noah Shinn, a former researcher at AI customer-service startup Sierra, Instinct offers an invite-only AI personal assistant that can connect to users’ apps and devices and perform tasks such as shopping, travel planning, and subscription cancellations through texts or calls. Instinct was last valued at $2.5 billion following a Series B funding round led by Index Ventures and Benchmark that brought its total funding to $350 million. Join 34,000+ readers across crypto, finance, and policy.