Town raises $108 million Series B at $1 billion valuation
Town, a San Francisco startup that builds AI assistants for employees, announced a $108 million Series B funding round on Monday. The round was co‑led by Forerunner Ventures and Menlo Ventures and also included Andreessen Horowitz, Serena Ventures and First Round Capital, bringing the company’s total capital raised to at least $160 million and giving it a $1 billion unicorn valuation.
What you can do with it
AI at Work →Draft meeting notes with Town
What you get You can update project status.
Synchronizes all Townie assistants with new business data automatically.
- Who for
- marketers
- Cost
- Price not stated
- Effort
- minutes
Use it for
- Draft meeting notes
- Answer customer queries
- Update project status
How to set it up · From the article
- Enable the shared workflow in the Town admin console.
- Add new business information to the workflow; it propagates to all Townies automatically.
Watch out Only for Town customers; not available elsewhere
Key points from the news
- Town closed $108 million Series B, co-led by Forerunner Ventures and Menlo Ventures, reaching a $1 billion valuation.
- The round also includes Andreessen Horowitz, Serena Ventures, and First Round Capital, bringing total funding to at least $160 million.
- Town’s AI assistant “Townie” integrates with email, calendar and other work tools, now can share info across employees and with external customers.
The company’s product, a personal assistant called a Townie, connects to email, calendar and other core work systems. Town introduced a shared workflow that automatically updates every employee’s Townie with new business information, removing the need for each worker to update their own assistant. Townies can also exchange approved data with each other and now interact with customers and external partners.
Town was founded by former Plaid CTO Jean‑Denis Greze and launched publicly only four months ago. It says it reached millions of dollars in annual recurring revenue within weeks. The outlet reached out to Town for comment but has not received a response.
Town, which develops enterprise AI assistants, raised a $108M Series B at a $1B valuation, after announcing a $55M Series A in June
techcrunch.com · 19 October 2026
Loading the full article…
This text was published by techcrunch.com and written by Dominic-Madori Davis. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
Coverage and discussion
2sourcesThe headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Business & Funding
All →- Tolan raises $30 million from USV, Khosla Ventures and Homebrew · 2 src
- Anthropic’s IPO could become the AI industry’s biggest stress test yet · 5 src
- SoftBank reportedly considers buying Allied Universal for $18 billion · 2 src
- Anthropic’s new fund could help address AI’s impact on jobs and workers · 2 src
- Google’s next TPU chip reportedly delayed by three weeks · 2 src
Comments
via GitHub Discussions