AI assistant startup Town nabs unicorn valuation four months after launch — SkimNews
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- Town announced a $108 million Series B funding round on Monday, co-led by Forerunner Ventures and Menlo Ventures, reaching unicorn valuation.
- The two-year-old, San Francisco-based startup launched publicly just four months ago and reached millions of dollars in annual recurring revenue within weeks.
- Town has raised at least $160 million to date, including a previously announced $55 million Series A round in June.
- Founded by former Plaid CTO Jean-Denis Greze, Town sells "Townie" AI assistants to businesses that connect to emails, calendars, and other core work systems.
- Townies can communicate with each other and share approved information, and can now also work with external customers and partners outside the company.
- Alongside the funding, Town launched a shared workflow that automatically updates employees' Townies with new business information rather than requiring individual updates.
- Andreessen Horowitz, Serena Ventures, and First Round Capital also participated in the Series B round.
Why it matters: Town's path from public launch to unicorn in four months — backed by $160 million in total capital — places it among the fastest-scaling enterprise AI assistant plays. The company's technical bet on inter-agent communication, where Townies talk to each other and to outside customers, is the distinct angle against competitors offering single-user tools.
Ask SkimNews
