Viral AI startup Instinct has raised $350M at a $2.5B valuation
The startup is only a year old but it has already generated a massive amount of hype (and money) while also spurring privacy concerns.
AI Summary
Instinct, a year-old AI startup founded by 23-year-old Noah Shinn, raised $350 million at a $2.5 billion valuation, with a Series B round co-led by Index Ventures and Benchmark. The company’s AI assistant, which connects to users’ apps and devices to help organize tasks like travel and shopping, has generated significant hype but also privacy concerns over its app permissions and terms of use.