Instinct raises another $1B, valuation quadruples in a month
Consumer AI agent funding is accelerating, but the company discloses no user data, leaving the valuation basis an open question.
Original event 2026-09-28
AI assistant startup Instinct confirmed on September 28 that it has closed a $1 billion Series C round at a $10 billion valuation.
According to TechCrunch, investors include Sequoia Capital, Benchmark Capital and Coatue. Just a month earlier, the company raised $350 million at a $2.5 billion valuation. Instinct's agent can book restaurants, make purchases and pay bills using the user's own phone and computer; the invite-only service launched in August 2026.
The company has not disclosed user numbers or growth metrics and declined interviews with founder Noah Shinn. Meta's rival assistant Muse has topped the US app stores, while Instinct does not yet have a mobile app.