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2026-09-16 10:06:09
[AI assistant Instinct startup Spear Street is in talks to raise $1 billion, valuing the company at approximately $10 billion] (1) According to The Information, sources say that Spear Street Technology, the startup that develops the personal AI assistant Instinct, is in talks to raise $1 billion, valuing the company at approximately $10 billion. (2) It was previously reported that the company was seeking a new round of funding because its AI agent service, currently only available to invited users, is facing capacity limitations; as the service expands, the number of users has increased to over 100,000. (3) Sequoia Capital and Benchmark are in talks to lead this round of funding. (4) This round of funding has not yet been finalized, and the terms of the deal and the lead investors may change; the valuation has jumped significantly from the previous round. (5) According to PitchBook data, Spear Street Technology raised $250 million less than a month ago at a pre-money valuation of $2.25 billion; the company has raised a total of $350 million from investors to date.
