AI assistant startup Town raises $108M Series B at unicorn valuation four months after launch
Town, a two-year-old San Francisco startup founded by former Plaid CTO Jean-Denis Greze, announced a $108 million Series B co-led by Forerunner Ventures and Menlo Ventures, giving it a unicorn valuation. The company launched publicly four months ago and says it reached millions of dollars in annual recurring revenue within weeks. It has raised at least $160 million to date, including a $55 million Series A announced in June. Town sells AI assistants to businesses, called Townies, which connect to email, calendars and other work systems and can share approved information with each other and now work with outside customers. The article reports no security incident, vulnerability or threat activity. It is business and funding news with no direct defensive impact.
Technical Details
- Each employee gets a Townie that integrates with email, calendars and other core work systems.
- Townies can exchange approved information with each other and can now interact with customers and others outside the company.
- A new shared workflow automatically updates all Townies with new business information.
- Other investors in the round: Andreessen Horowitz, Serena Ventures and First Round Capital.
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AI assistant startup Town raises $108M Series B at unicorn valuation four months after launch
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Town, a two-year-old San Francisco startup founded by former Plaid CTO Jean-Denis Greze, announced a $108 million Series B co-led by Forerunner Ventures and Menlo Ventures, giving it a unicorn valuation. The company launched publicly four months ago and says it reached millions of dollars in annual recurring revenue within weeks. It has raised at least $160 million to date, including a $55 million Series A announced in June. Town sells AI assistants to businesses, called Townies, which connect to email, calendars and other work systems and can share approved information with each other and now work with outside customers. The article reports no security incident, vulnerability or threat activity. It is business and funding news with no direct defensive impact.
Technical Details
- Each employee gets a Townie that integrates with email, calendars and other core work systems.
- Townies can exchange approved information with each other and can now interact with customers and others outside the company.
- A new shared workflow automatically updates all Townies with new business information.
- Other investors in the round: Andreessen Horowitz, Serena Ventures and First Round Capital.