Town.com Inc., an AI startup building workplace assistants that work alongside other AI assistants, has raised $108 million in a Series B round at a $1 billion valuation.
The round was led by Forerunner Ventures and Menlo Ventures, with participation from Andreessen Horowitz, Serena Ventures, and First Round Capital. It brings Town’s total funding to $160 million, following a $55 million Series A that closed in June. The company was founded by Jean-Denis Greze, previously chief technology officer at fintech firm Plaid, and Tony Vincent, whose earlier startups were acquired by Google and Dropbox.
Town’s product, called “Townies,” launched in June. Each employee gets an AI assistant that connects to email, calendars, and core work systems. The twist is collaboration: Townies can talk to each other, share approved information across the company, and now interact with customers and other people outside the organization. The founders say the assistants absorb not just their user’s habits but also context about colleagues — how the CEO writes, who owns which buyer relationships, and how the business actually runs.
Menlo’s partners, who have used Town internally since June, say the assistants caught forgotten commitments and surfaced contacts people had spent weeks hunting for. Town says it has a revenue run rate in the millions of dollars just weeks after launch.
The company plans to spend the new funding on more integrations to embed Townies deeper into daily work. Whether the assistants can hold attention long enough to justify a unicorn valuation is the open question.
Workplace AI tools are getting crowded: Notta handles AI meeting notes, while Superwhisper brings voice-based assistance to everyday tasks. Our Gemini vs Copilot comparison breaks down two of the biggest AI assistants, and our explainer on what AI agents are covers the technology Townies are built on.
Source: SiliconANGLE
