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Viral AI agent Instinct raises $1B Series C at a $10B valuation
TechCrunch • • business
Key Points:
- Instinct, an AI assistant startup, has rapidly raised $1 billion in a Series C round, boosting its valuation from $2.5 billion to $10 billion within a month of its previous fundraise.
- The company offers advanced AI agents capable of performing tasks such as booking travel, making purchases, paying bills, and managing appointments through features like a concierge service and trusted person network.
- Users have raised privacy concerns regarding the amount of personal data required by Instinct’s AI, prompting the company to update its initially overreaching privacy policy.
- Instinct faces competition from Meta’s AI assistant, Muse, which integrates deeply with Meta’s social platforms and has achieved significant popularity with millions of downloads and top app store rankings.
- Unlike Muse, Instinct currently lacks a mobile app and has not disclosed user numbers, though investor enthusiasm suggests strong confidence in its growth potential.
