AI agent startup Instinct raises $1B Series C at $10B valuation
Instinct, maker of a viral AI assistant that performs tasks like booking travel and making calls on users' behalf, has raised $1 billion in a Series C round led by investors including Sequoia Capital, Benchmark Capital and Coatue. The round values the company at $10 billion, just a month after a prior raise valued it at $2.5 billion, and comes roughly a year after its invite-only launch in August 2026.
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The rapid succession of funding rounds suggests investors see strong momentum behind a new category of consumer AI agents capable of completing real-world tasks rather than just answering questions. Instinct's growth also draws attention to privacy concerns, since its assistant requires access to sensitive personal information to function, and the company has already had to revise an initial privacy policy criticized as overreaching. Meanwhile, competition from Meta's Muse assistant, which integrates with Instagram and Facebook, could pressure Instinct to differentiate or expand faster.
- Instinct raised $1B at a $10B valuation just one month after being valued at $2.5B.
- The startup's AI agent can perform tasks like booking travel, making calls, and coordinating with other users' agents.
- Privacy concerns over data disclosure and new competition from Meta's Muse assistant pose challenges.
Source: techcrunch.com — Sarah Perez, 2026-09-28
Published there as: “Viral AI agent Instinct raises $1B Series C at a $10B valuation”
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