Funding

Viral AI Assistant Instinct Raises $250 Million at a $2.5 Billion Valuation Months After a $50 Million Mark

Sabyasachi Chandra

Instinct raised a $250 million Series B co-led by Index Ventures and Benchmark at a $2.5 billion valuation, taking total funding to $350 million while still in private beta.

The company's valuation rose from about $50 million to $2.5 billion in roughly four months, before a public launch, a pace that reflects an intense investor race to back personal AI agents.

Built by Spear Street Technology and led by 23-year-old former Sierra researcher Noah Shinn, Instinct is an app-less AI agent that users text or call to book, buy and manage tasks across their conn…

The deep access the agent requires has drawn privacy and security concerns, including broad data-retention terms and a reported case of an unintended $200 cancellation fee; the company says it is t…

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