Instinct, a San Francisco-based startup building personal AI agents, has raised $1 billion in a Series C funding round, pushing its valuation to $10 billion. The round was backed by Sequoia Capital, Benchmark Capital, and Coatue, signaling strong investor confidence in autonomous AI assistants.
The company previously raised $250 million, bringing total pre-Series C funding to $350 million. Reports earlier this month hinted at the $1 billion raise at a $10 billion valuation. Instinct is developing an AI agent that goes beyond answering questions — it can autonomously perform everyday tasks like booking trips, ordering groceries, canceling subscriptions, and making phone calls through its new Concierge service.
Instinct has also introduced inter-agent communication, allowing multiple Instinct agents to coordinate plans and share files such as documents, images, and spreadsheets. The company remains in early access but has already attracted over 100,000 users, facing capacity pressure from rising demand. The fresh capital will help expand infrastructure and bring the product to more consumers.
Competition in the personal AI space is heating up. Meta recently launched Muse, a task-oriented AI assistant. Instinct’s funding gives it substantial resources to develop privacy and security measures, including isolated environments, temporary credentials, and execution controls. The company aims to turn its early-access product into a widely used consumer service as demand for truly autonomous personal agents continues to grow.
