AI agent startup Instinct hits $10 billion valuation following $1 billion round

San Francisco-based artificial intelligence startup Instinct has announced a $1 billion funding round, bringing its valuation to an impressive $10 billion. The company's innovative platform is designed to handle complex consumer tasks, from booking travel to managing personal subscriptions, all through text or voice commands. Instinct's technology operates autonomously, leveraging dedicated phone and computer capabilities to execute transactions and administrative workflows.

To expand its offerings, the company recently launched a Concierge service for managing high-touch phone communications and specialized bookings, as well as a peer-to-peer protocol that allows separate Instinct agents to coordinate user plans directly. The platform also includes location-aware features and robust security controls, such as active detection systems to prevent model hallucinations before they are executed.

Noah Shinn, Instinct's founder, expressed the company's mission to build the best personal agent capable of handling the intricate nuances of everyday life. The new capital will primarily be used for product development and to increase access to the platform beyond its current early-access phase.