Instinct raises $250M Series B at $2.5B valuation
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AI assistant startup Instinct raised $250 million in a Series B round co-led by Index Ventures and Benchmark, bringing total funding to $350 million and valuation to $2.5 billion. The company, led by 23-year-old founder Noah Shinn, is in private beta and has drawn privacy concerns over app permissions and terms of use.
Key Facts
- Instinct raised $250 million in a Series B round co-led by Index Ventures and Benchmark.
- The round values Instinct at $2.5 billion and brings total funding to $350 million.
- Instinct is led by 23-year-old founder Noah Shinn and is offered by Spear Street Technology.
- The AI assistant is currently in private beta and requires extensive app permissions.
Funding Round
Instinct raised $250 million in a Series B round co-led by Index Ventures and Benchmark, the Wall Street Journal reported. The round brings total funding to $350 million and values the company at $2.5 billion. Instinct is offered by Spear Street Technology and led by founder Noah Shinn, who is 23 years old.
Product and Privacy
Instinct is an AI assistant that connects to users' apps and devices, allowing communication via texts and calls. Early users have planned road trips, bought groceries and concert tickets, and cancelled subscriptions, according to Shinn. The app is in private beta and has raised privacy concerns over its required permissions and terms of use.
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Instinct raises $250M Series B at $2.5B valuation
