Instinct reportedly raises $250 million at $2.5 billion valuation

Summary

Instinct, an invite-only assistant from Spear Street Technology, is reportedly raising $250 million at a$2.5 billion valuation in a round co-led by Index Ventures and Benchmark. The financing would bring total funding to $350 million for an assistant designed to handle phone- and text-based tasks such as email, calendars, travel and home services.

Why it matters

The round signals continued investor appetite for action-taking personal agents, although Instinct’s private availability leaves its real-world reliability and retention untested.

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Sources

• Instinct AI assistant raises $250 million at$2.5 billion valuation