AI assistant startup Instinct completes US$1 billion in Series C financing, valued at US$10 billion

PANews reported on September 28 that according to TechCrunch, AI assistant startup Instinct completed a $1 billion Series C round of financing from investors including Sequoia Capital, Benchmark Capital and Coatue, with a valuation of $10 billion. This comes just one month after the company announced the completion of financing at a valuation of $2.5 billion a month ago. Instinct is a new type of consumer-grade AI agent that can not only answer questions and hold conversations, but also complete practical tasks for users, such as booking travel and restaurants, shopping, paying bills, canceling subscriptions, conducting research, and ordering groceries. Instinct uses text messages to communicate with users, does not yet have a mobile app, and has not released user data or growth metrics.

PANews reported on September 28 that according to TechCrunch, AI assistant startup Instinct completed a $1 billion Series C round of financing from investors including Sequoia Capital, Benchmark Capital and Coatue, with a valuation of $10 billion. This comes just one month after the company announced the completion of financing at a valuation of $2.5 billion a month ago.

Instinct is a new type of consumer-grade AI agent that can not only answer questions and hold conversations, but also complete practical tasks for users, such as booking travel and restaurants, shopping, paying bills, canceling subscriptions, conducting research, and ordering groceries. Instinct uses text messages to communicate with users, does not yet have a mobile app, and has not released user data or growth metrics.