AI assistant startup Town has raised $108 million in a Series B round, reaching a unicorn valuation, according to the information cited by Techub from TechCrunch. The round was co-led by Forerunner Ventures and Menlo Ventures, with participation from Andreessen Horowitz, Serena Ventures, and First Round Capital.
Town was founded two years ago by former Plaid CTO Jean-Denis Greze. The company publicly launched only four months ago and, within a matter of weeks, reached millions of dollars in annual recurring revenue. Its core product, Townie, is an AI assistant built for enterprise employees and can connect with tools such as email and calendars to help complete tasks.
Alongside the financing announcement, Town also introduced a shared workflow feature designed to automatically update employees’ Townie information. The company’s latest funding and product rollout mark its newest disclosed milestones.
AI assistant startup Town said it has raised $108 million in Series B funding at a unicorn valuation.
According to TechCrunch, the round was co-led by Forerunner Ventures and Menlo Ventures. Andreessen Horowitz, Serena Ventures, and First Round Capital also participated.
Town was founded two years ago by former Plaid Chief Technology Officer Jean-Denis Greze. The company only launched publicly four months ago and reached millions of dollars in annual recurring revenue within weeks.
Its product, called Townie, is an AI assistant for enterprise employees. It connects with tools including email and calendars to help users complete tasks.
At the same time as the funding announcement, Town also rolled out a shared workflow that can automatically update employees’ Townie information.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
