AI assistant startup Town raises $108M Series B at $1B valuation
YashasGunderia · x · 2026-10-20
AI assistant startup Town announced a $108M Series B co-led by Forerunner and Menlo Ventures, with a16z and First Round participating, at a $1B valuation.
Town gives each user a personal "Townie" assistant that learns their people, projects, and voice; thousands of businesses already rely on it daily. The new funding targets making Townies work together, addressing the bottleneck where individual AI speedups stall waiting on teammates — so whole teams can operate at the speed of AI.
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