AI assistant startup Town nabs unicorn valuation four months after launch
San Francisco-based artificial intelligence startup Town reached a unicorn valuation on Monday after securing a $108 million Series B funding round. Forerunner Ventures and Menlo Ventures co-led the financing, which arrives just four months after the company launched its public products.
San Francisco-based artificial intelligence startup Town reached a unicorn valuation on Monday after securing a $108 million Series B funding round. Forerunner Ventures and Menlo Ventures co-led the financing, which arrives just four months after the company launched its public products. Founded by former Plaid CTO Jean-Denis Greze, Town develops workplace artificial intelligence assistants.
The company reports reaching millions of dollars in annual recurring revenue within weeks of its public debut and has raised at least $160 million total to date. Town provides business employees with an assistant called a Townie that connects to emails, calendars, and other core work systems. These individual assistants can communicate with each other, share approved information, and now interact with external customers.
Alongside the funding, Town introduced shared workflows to automatically update every employee's assistant with new business details. Andreessen Horowitz, Serena Ventures, and First Round Capital also participated in the Series B round. WireUnwired reached out to the company for comment regarding the valuation and technology.
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Original publication: 19 October 2026 23:30
