AI startup Instinct is considering a new funding round just weeks after closing a $250 million Series B. This recent round valued the company at $2.5 billion. Instinct has raised a total of $350 million to date.
The company provides an AI agent that performs real-world tasks via text or phone calls. Surging demand for its invite-only service has triggered a compute crunch. Instinct warned users of potential delays as its infrastructure reaches full capacity.
The startup plans to use the new capital to address these infrastructure constraints. Competition in the personal AI agent sector is intensifying following Meta’s recent product launch.