AI assistant startup Town achieves unicorn valuation four months after launch
Town, an AI assistant startup based in San Francisco, has reached a unicorn valuation following the announcement of a $108 million Series B funding round co-led by Forerunner Ventures and Menlo Ventures. The company launched publicly just four months ago but already reported millions in annual recurring revenue within weeks. Town raised at least $160 million to date after previously securing a $55 million Series A in June 2026. Town provides AI assistants, known as 'Townies,' designed for businesses and employees to streamline tasks by integrating with tools like emails and calendars. The platform allows these AI agents to communicate internally and now also interact externally with customers. Alongside the funding announcement, Town introduced a shared workflow feature that automatically updates employee Townies. The round was further supported by Andreessen Horowitz, Serena Ventures, and First Round Capital.
Topics: AI assistant Startups unicorn valuation Venture Capital