Viral AI agent Instinct raises $1B Series C at a $10B valuation

Instinct raised $1 billion in a Series C round valuing the AI assistant startup at $10 billion, with backing from Sequoia Capital, Benchmark Capital and Coatue. The Information first reported the raise, which comes a month after a $2.5 billion valuation round. Instinct's agent handles tasks like booking travel and paying bills, but faces privacy concerns and competition from Meta's Muse assistant. The company has not disclosed user numbers.