Sept 28 (Reuters) – AI agent firm Instinct said on Monday it has raised $1 billion at a $10 billion valuation in a Series C funding round.
The round drew investments from Sequoia Capital, Benchmark Capital and Coatue, Instinct said in a statement.
San Francisco, California-based Instinct is developing a personal agent that can perform tasks autonomously.
The firm said it has released new products over the past months, including a concierge service meant to handle tasks such as bookings and making phone calls.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Shinjini Ganguli)
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