Viral AI startup Instinct has raised $350 million at a $2.5 billion valuation
Summarized from techcrunch.com
Instinct, a startup founded in 2022 and led by 23-year-old Noah Shinn, has achieved a significant valuation of $2.5 billion following a recent $250 million Series B funding round, bringing its total funding to $350 million, as reported by the Wall Street Journal. The funding round was co-led by venture capital firms Index Ventures and Benchmark.
Instinct, offered by Spear Street Technology, provides an AI assistant designed to efficiently organize users’ lives by integrating with their apps and devices, allowing communication via text and calls. Founder Noah Shinn expressed enthusiasm about early user experiences, noting that users have utilized Instinct for tasks such as planning road trips, purchasing groceries and concert tickets, canceling subscriptions, and even planning weddings. However, the startup has faced some controversy due to privacy concerns stemming from the app’s required permissions and terms of use, which some users find invasive. Source