Instinct Targets $1 Billion Funding Round Amid Valuation Negotiations

Personal AI agent startup Instinct is reportedly reviewing plans to secure a new $1 billion (approximately 1.36 trillion won) funding round, with negotiations currently ongoing for a company valuation of approximately $10 billion (around 13.6 trillion won). According to The Information, Instinct is exploring this funding option to address computing resource constraints, and if fully secured, the company's valuation could reach $10 billion or higher.

The company has previously raised $25 million (about 340 billion won) last month, bringing its cumulative investment to $35 million (approximately 476 billion won) and a valuation of $2.5 billion (around 340 billion won). TechCrunch reported that the recent funding round was led jointly by Index Ventures and Benchmark.