Instinct raises $1B, valued at $10B

Instinct, officially Spear Street Technology Inc., has raised $1 billion in a Series C round led by Sequoia Capital, Benchmark Capital and Coatue, valuing the company at $10 billion. This follows a $250 million raise just one month prior at a $2.5 billion valuation. Still in early access, Instinct is building a personal AI assistant that handles everyday tasks such as grocery orders, road trip planning, restaurant reservations and subscription cancellations. It operates autonomously via a virtual phone and computer, supports a trust network for coordinating with contacts, and offers location-aware suggestions through iMessage integration.