AI agent startup Instinct in talks for $1 billion funding at $10 billion valuation

Instinct, a startup developing personal AI assistants, is reportedly in discussions to raise $1 billion at a valuation of approximately $10 billion. The company, also known as Spear Street Technology, recently raised $250 million at a $2.25 billion pre-money valuation less than a month ago. Sequoia Capital and Benchmark are reportedly in talks to lead the new round. The service currently faces capacity constraints with over 100,000 users.