Instinct raises $1B at $10B valuation for personal AI agents

AI startup Instinct raised $1 billion from Sequoia Capital, Benchmark Capital and Coatue, quadrupling its valuation from $2.5 billion to $10 billion. The company is building a personal AI agent that performs tasks such as booking trips and buying groceries.

• The $1B round lifted Instinct's valuation from $2.5B to $10B
• Investors include Sequoia Capital, Benchmark Capital and Coatue
• The startup previously raised $250 million earlier this year
• Its agent handles tasks like trip planning, grocery buying and bookings