AI startup Town hits unicorn status with $108M raise

Town.com, an AI work assistant startup, has raised $108 million in a Series B round led by Forerunner Ventures and Menlo Ventures, with participation from Andreessen Horowitz, Serena Ventures, and First Round Capital. The round values the company at $1 billion, bringing total funding to $160 million. Co-founded by former Plaid CTO Jean-Denis Greze and Tony Vincent, Town provides each employee with an AI assistant called a Townie that connects to email, calendars, and work systems. Townies can communicate with each other and share business context, and the startup has already reached a revenue run rate in the millions just weeks after launching.