DevelopingBusiness

Town raises $108M Series B at a $1B valuation for team AI assistants

Town says it raised a $108M Series B at a $1B valuation, co-led by Forerunner Ventures and Menlo Ventures, four months after launching with a $55M Series A. It reports seven-figure ARR and paying teams up 9x since July. Each employee gets an assistant that coordinates with teammates' assistants. No customers are named.

HEAT
OUTLETS: 5
NEW IN 6H: +5
FIRST SEEN: Oct 19, 2026, 14:40 ET
LAST SIGNAL: 2h ago

Primary source

Town (GlobeNewswire)globenewswire.com/news-release/2026/10/19/3383492/0/en/town-raises-108m-series-b-at-a-1b-valuation-to-bring-ai-assistants-to-whole-teams.html

Coverage · 5 articles, oldest first

Monday, October 19, 2026

14:40
TechCrunch
Town, which develops enterprise AI assistants, raised a $108M Series B at a $1B valuation, after announcing a $55M Series A in June
14:40
Town.com, Inc.
globenewswire.com/news-release/2026/10/19/3383492/0/en/town-raises-108m-series-b-at-a-1b-valuation-to-bring-ai-assistants-to-whole-teams.html
14:40
Crypto Briefing
cryptobriefing.com/town-ai-assistant-unicorn-108m-series-b/
15:10
Town
town.com/operate-at-the-speed-of-ai
15:10
Unite.AI
unite.ai/town-lands-108m-series-b-as-valuation-hits-1b-for-collaborative-ai-assistants/

ShareX LinkedIn Hacker News Email

← The whole wire