Beating AI News Flash: AI assistant startup Instinct has completed a $1 billion Series C funding round, reaching a valuation of $10 billion, with participation from Sequoia Capital, Benchmark Capital, Coatue, and other institutions. One month ago, Instinct had just completed a $350 million funding round at a valuation of $2.5 billion.Instinct launched an invitation-only service in August 2026, focusing on AI agents capable of performing practical tasks for users, including booking travel and restaurants, shopping, paying bills, canceling subscriptions, conducting research, and ordering groceries. The company recently also launched a "Concierge" feature that can make phone calls on behalf of users, as well as a "Trusted Person Network" that allows AI agents of different users to coordinate with each other.The report noted that Instinct's rapid fundraising reflects growing market attention on consumer-grade AI agents. However, the company's previous privacy policy had raised user concerns about the security of personal information, and it has now been updated. Meanwhile, Meta's AI assistant Muse has recently been growing rapidly and is also competing with Instinct.