AI startup Instinct raises $1 billion, now valued at $10 billion

AI startup Instinct has raised $1 billion in funding, bringing its valuation to $10 billion, according to Reuters. The round was backed by Sequoia Capital, Benchmark, and Coatue, showing strong investor interest in AI agents.

Instinct is building a personal AI agent that can handle everyday tasks on its own. The company also plans to launch a concierge service that extends digital agents into the real world, letting AI call businesses and book reservations for users.

AI agents are drawing heavy attention from venture capital firms, with investors betting that agents will eventually automate human work. Instinct will use the funding to keep developing its personal AI.