Instinct Raises $1 Billion at $10 Billion Valuation With 14 Staff
Sheel Mohnot reports that personal AI assistant Instinct raised $1 billion at a $10 billion valuation from Benchmark, Sequoia and Coatue, with 14 employees. Most new funds will go to compute, which CEO Noah Shinn spends 40% of his time acquiring, and the company is reportedly growing 10% a day.
Original post · 1 min read
They have 14 employees.
Most of the new money will go toward compute, which CEO Noah spends 40% of his time acquiring.
They are growing 10% a day, had $1B of transaction volume, 50% of which is travel
Sheel Mohnot @pitdesiInstinct looking to raise $1B, potentially at a $10B valuation.
Compute costs are high and Noah doesn’t want to charge users for the product.
Instinct has raised $350M to date, mostly uses open source models and wants to own chips and data centers
theinformation.com/articles/personal-ai-app-in…


