Instinct reportedly raising $1B at potential $10B valuation as compute costs mount
AccBalanced · x · 2026-09-13
AI startup Instinct is reportedly looking to raise $1B, potentially at a $10B valuation. The company has raised $350M to date, mostly relies on open source models, and wants to own its own chips and data centers.
CEO Noah is reluctant to charge users for the product, and high compute costs are the key driver behind the round — prompting the quip that if you're not paying for the product, you are the product.
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