On Monday, San Francisco startup Town announced it raised $108m in a Series B funding round that values the company at $1bn. The round was co-led by Forerunner Ventures and Menlo Ventures, with participation from several other firms and angel investors, to expand its workplace Town AI assistants across entire teams.
Key takeaways
- Town raised $108m in a Series B round valuing it at $1bn.
- The funding round was co-led by Forerunner Ventures and Menlo Ventures.
- Each person gets a Townie assistant connected to their email, calendar, and documents.
- Paying customers grew fourfold and paying teams grew ninefold since July.
How do Town AI assistants work together?
Every worker receives an assistant called a Townie that links directly to their calendar, email, documents, and core work systems. According to The Next Web, these tools learn an individual's projects, voice, and relationships to handle daily tasks. The startup is now expanding these individual bots so they can collaborate across whole teams.
These bots can hand off work to one another, ask each other questions, and interact with outside candidates, partners, and customers via text and email. Each assistant shares only what its human user would share, asks permission when necessary, and returns decisions to the user. Jean-Denis Greze, co-founder and chief executive officer of Town, stated in the source report that AI has made each of us faster on our own and now can make teams faster together.
What to know about Series B funding and data privacy
Teams can also share workflows so that when one department updates a process, every representative's assistant picks up the change. The Next Web reports that customers own the context built by their Townies and can take it with them if they leave. Town does not use connected data to train models by default and relies on models from major AI labs rather than locking users into a single lab.
What happens next
Thousands of businesses now use these assistants daily following a public launch in June 2026 with a $55m Series A. Since July, paying customers have quadrupled and paying teams have multiplied by nine. Shawn Carolan, a partner at Menlo Ventures, noted that his firm previously backed Siri in 2008 and that Town chose business over pleasure.
Frequently asked questions
Town raised $108m in a Series B funding round announced on Monday, which valued the San Francisco startup at $1bn.
The Series B funding round was co-led by Forerunner Ventures and Menlo Ventures, with participation from several existing investors and angel investors.
A Townie is an AI assistant given to each worker that connects to their email, calendar, documents, and core work systems to take work off their plate.
Customers own the context their Townies build and can take it with them if they leave. By default, Town does not use connected data to train models.
Town launched publicly in June 2026 with a $55m Series A before experiencing rapid growth in paying customers and teams.
Based on reporting by The Next Web. Read the original article
