Town hits $1B valuation with $108M Series B — SkimNews
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- Town raised a $108M Series B at a $1B valuation, achieving unicorn status on the announcement, which came on a Monday
- Town is a two-year-old, San Francisco-based startup that builds AI assistants for enterprise customers
- Town had announced a $55M Series A in June, meaning the company closed two rounds totaling roughly $163M within about five months of its founding
Why it matters: Closing a $55M Series A and a $108M Series B in the same year as a two-year-old company marks unusually compressed funding velocity, and the $1B valuation suggests investors are pricing Town as a credible enterprise AI play at a stage where most peers are still pre-revenue or smaller-check funded.
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