Viral AI startup Instinct has raised $350M at a $2.5B valuation
AI startup Instinct has raised $250 million in a Series B round, bringing its total funding to $350 million and its valuation to $2.5 billion. The company offers an AI assistant that helps users organize their lives, though it has faced scrutiny regarding privacy and data permissions.
Why it matters
The massive valuation of a one-year-old startup highlights the intense investor enthusiasm for consumer-facing AI agents despite ongoing concerns about data privacy.
Instinct, a startup founded only last year and helmed by a 23-year-old, has managed to ride the wave of AI enthusiasm toward a gargantuan valuation over the course of the summer.
The company, which offers an AI assistant that has inspired enthusiasm among its early users, told the Wall Street Journal on Wednesday that it had raised $250 million in a recent Series B funding round. That new round brings the company’s total funding to $350 million and gives the startup a valuation of $2.5 billion.
That new funding round was co-led by Index Ventures and Benchmark, the Journal reported.
Instinct, which is offered by the company Spear Street Technology and is led by founder Noah Shinn, is an agent that the company says can efficiently organize your life. Users connect it to their apps and devices and can communicate with it via texts and calls.
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