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Instinct, an AI-agent startup, secured a $1 billion Series C round, valuing the company at $10 billion. The funding was led by major venture firms. The company’s product is an AI agent that can autonomously place calls to restaurants.
Profound, a New York-based AI marketing startup, has secured a $180 million Series D round, bringing its valuation to $1.8 billion. The funding was led by Sequoia and Kleiner Perkins. With the new capital, Profound’s total funding now exceeds $335 million, marking it as a unicorn in the AI marketing space.
Sequoia Capital has raised roughly $7 billion for a new late-stage fund, the largest it has ever created. The fundraising round is the first conducted under the firm’s new leadership, following its previous expansion fund of $3.4 billion launched in 2022. The capital will be used to broaden Sequoia’s investments, particularly in artificial-intelligence ventures.
Sequoia Capital is joining a funding round for AI startup Anthropic, which is led by GIC and Coatue, with each investor committing $1.5 billion. Anthropic, creator of the Claude language models, is pursuing a raise of more than $25 billion at a roughly $350 billion valuation, and Sequoia already backs rival AI builders such as OpenAI.