AI assistant startup Town nabs unicorn valuation four months after launch

Town, a two-year-old, San Francisco-based startup developing AI assistants, nabbed a unicorn valuation on Monday, announcing a $108 million Series B funding round co-led by Forerunner Ventures and Menlo Ventures. The company launched publicly just four months ago and said it reached millions of dollars in annual recurring revenue in a matter of weeks. It has raised at least $160 million to date, having previously announced a $55 million Series A round in June.

Town — founded by former Plaid…