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- Instinct
Instinct Valuation, Funding & Investors
Instinct is valued at $10B as of September 2026.
Last Instinct valuation
$10B
Series C · Sep 2026
Last Instinct funding round
$1B
Series C · Sep 2026
Cumulative funding Instinct raised
$1.3B
across 3 funding rounds
Key investors in Instinct
Benchmark
Sequoia Capital
Index Ventures
Coatue
Greenoaks
Conviction
Instinct Overview
About Instinct
Instinct is a San Francisco start-up that builds a personal AI assistant, legally operated by Spear Street Technology Inc. and founded by Noah Shinn, a former Sierra employee. The assistant takes requests by text, phone call or WhatsApp and then uses a phone and a computer much as a person would, handling email, calendars, bookings, grocery orders and other everyday tasks. Access has been invite-only since a private beta that began in February 2026, and the company has about 14 employees. It raised a seed round at a $50 million valuation, a $75 million Series A led by Kleiner Perkins at $500 million, a $250 million Series B co-led by Index Ventures and Benchmark at $2.5 billion in August 2026, and a $1 billion Series C from Sequoia Capital, Benchmark and Coatue at $10 billion in September 2026. No acquisition or investment made by the company itself is documented.
Founded
2025
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Usage-based, Subscription
Valuation
$10B (Sep 2026)
Instinct Valuation
Instinct is currently valued at $10B, based on its Series C in September 2026. Read the announcement ↗
The $1B round included Benchmark, Sequoia Capital and Coatue.
Instinct's valuation has grown 200x from $50M at its seed round in April 2026 to $10B in September 2026, across 3 priced rounds.
Instinct valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2026 | Series C | $10B |
| Aug 2026 | Series B | $2.5B |
| Apr 2026 | Seed | $50M |
Instinct Funding History
Instinct has raised a total of $1.3B across 3 funding rounds.
Instinct's first fundraising round was a seed round in April 2026. The most recent completed round was a $1B Series C in September 2026.
Instinct funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Series C | Benchmark; Sequoia Capital; Coatue | $1B | $10B | Instinct raised $1 billion in a Series C financing in September 2026 from Sequoia Capital, Benchmark Capital, and Coatue at a $10 billion valuation. The round was announced on September 28, 2026 and was described as additional capital for the company’s personal AI agent business; no lead investor was identified, and the financing was structured as a primary equity round rather than an acquisition or SPAC merger. Instinct, based in San Francisco and building a personal agent for everyday life, said the capital would support expansion of access to its AI agent and continued product development. The company’s prior funding history included an earlier Series B just weeks before this round, and the September 2026 financing brought total funding to roughly $1.35 billion. The company operates a personal AI agent designed to handle everyday tasks across apps and devices, with reported capabilities including calls, bookings, trip planning, grocery orders, and other consumer workflows. Public reporting described rapid valuation growth across 2026 and positioned the company as an early-access AI startup backed by top-tier venture investors. |
| Aug 2026 | Series B | Benchmark (lead); Index Ventures (lead) | $250M | $2.5B | Instinct raised a $250 million Series B in August 2026, co-led by Index Ventures and Benchmark, at a post-money valuation of $2.5 billion. The round was announced on 27 August 2026 and brought the company's total funding to about $350 million, following a seed round led by Conviction and Greenoaks and a $75 million Series A led by Kleiner Perkins earlier in 2026. The Series B came roughly three weeks after the Series A. Instinct, legally Spear Street Technology Inc., builds an invite-only personal AI assistant that operates a user's phone and computer like a person, taking requests by text, phone call or WhatsApp to handle email, calendars, bookings and other everyday tasks. The company was founded in 2025 by Noah Shinn, a former Sierra employee, and has been in private beta since February 2026. A $1 billion Series C at a $10 billion valuation followed in September 2026. |
| Apr 2026 | Seed | Conviction (lead); Greenoaks | - | $50M | Instinct raised a seed round in April 2026 from Conviction, represented by Pranav Reddy, and Greenoaks, represented by Neil Mehta, at a valuation of $50 million. The size of the cheque was not published. It was the first outside financing of the San Francisco start-up founded by Noah Shinn, whose operating entity Spear Street Technology was registered in April 2026. By early August the company had raised a $75 million Series A at $500 million, and it reached a $2.5 billion valuation with a Series B later that month. Instinct builds an invite-only personal AI assistant that takes requests by text, phone call or WhatsApp and uses a phone and a computer like a person to handle email, calendars, bookings and other everyday tasks. |
Who has invested in Instinct?
6 investors have backed Instinct across its funding rounds, including Benchmark, Sequoia Capital, Index Ventures, Coatue, Greenoaks and Conviction.
Lead investors include Benchmark, Index Ventures and Conviction.
Instinct Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Aug 2026 | ||
| 1 | Participant | Apr 2026 | ||
| 1 | Lead | Aug 2026 | ||
| 1 | Lead | Apr 2026 | ||
This data is available for Pro users. Sign up to see all 6 Instinct investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInstinct Competitors
Instinct competitors include listed companies like iFlytek and Presight AI, and private ones like SambaNova, Legora, Lovable and Sierra.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $11B | - | ||
| Private | $200M | - | $8.8B | 44.0x | ||
| Publicly listed | $4.1B | $469M | $13B | 3.2x | ||
| Private | $500M | - | $13B | 26.6x | ||
| Private | $100M | - | $16B | - | ||
| Publicly listed | $825M | $214M | $5.3B | 4.9x |
Instinct Public Comps
Instinct is still privately-owned, but its public comps include Kakao, Match Group, Dropbox, Range Intelligent, MiniMax Group, UiPath, IonQ, iFlytek, Tempus AI and RingCentral.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $6.1B | $1.1B | 0.6x | 0.6x | 3.6x | 3.0x | |||
| $3.5B | $939M | 3.6x | 3.6x | 13.3x | 9.5x | |||
| $2.5B | $854M | 4.3x | 4.3x | 12.6x | 9.2x | |||
| $852M | $803M | 18.7x | 13.3x | 19.9x | 17.3x | |||
| $79M | ($1.9B) | 77.1x | - | (3.2x) | - | |||
| $1.6B | $70M | 3.7x | 3.4x | 85.5x | 13.3x | |||
| $130M | ($531M) | 83.4x | 27.5x | (20.4x) | (26.4x) | |||
| $4.1B | $469M | 3.5x | 3.2x | 30.2x | 31.0x | |||
This data is available for Pro users. Sign up to see all Instinct competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Instinct
| When was Instinct founded? | Instinct was founded in 2025. |
| Where is Instinct headquartered? | Instinct is headquartered in San Francisco, CA, United States. |
| Is Instinct publicly listed? | No, Instinct is a private, VC-backed company. |
| What is Instinct's valuation? | Instinct was last valued at $10B in its Series C in September 2026. |
| How much funding has Instinct raised? | Instinct has raised $1.3B across 3 funding rounds. |
| What was Instinct's last funding round? | Instinct's last funding round was a $1B Series C in September 2026. |
| Who are Instinct's investors? | Instinct's investors include Benchmark, Greenoaks, Index Ventures, Conviction, Sequoia Capital and Coatue. |
| Which companies are comparable to Instinct? | Companies comparable to Instinct include SambaNova, Legora, iFlytek, Lovable, Sierra and Presight AI. |
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