Town raises $108M at a $1B valuation so AI assistants can work as a team
Forerunner Ventures and Menlo Ventures co-led the Series B. Each worker gets an AI assistant called a Townie, and the assistants can now ask each other questions and hand off work.
Via TNW | Investors-funding
Town, a San Francisco startup that gives each person at work an AI work assistant, has raised $108m in a Series B that values it at $1bn. Forerunner Ventures and Menlo Ventures co-led the round, the company announced on Monday.
Existing investors a16z and First Round Capital took part, along with Better Tomorrow Ventures, Precedent.vc, Scribble Ventures, Serena Ventures and Sparked Ventures. Angel investors include Brendan Foody, Josh Silverman, Romain Huet, Scott Belsky, Steve Bartel, Taro Fukuyama and Varun Anand.
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