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AI work assistant startup Town.com Inc. has closed a $108 million Series B funding round at a $1 billion valuation, joining the ranks of unicorns. According to SiliconANGLE, Town has raised a total of $160 million. The company was co-founded by former Plaid CTO Jean-Denis Greze and launched an AI assistant called townies in June, with annualized revenue reaching several million dollars within weeks. The report says each employee is equipped with a Townie that can connect to systems such as email and calendars and share information with other Townies, and enterprises can retain these context assets. No subsequent developments have been disclosed at this time.
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Town Completes $108 Million Series B Funding at a $1 Billion Valuation
Source:SiliconANGLE
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Oct 20
SiliconANGLE
AI work assistant startup Town raises $108 million, reaching a $1 billion valuation to join the unicorn ranks
AI work assistant startup Town has raised a $108 million Series B at a $1 billion valuation, bringing its total funding to $160 million. Town was co-founded by former Plaid CTO Jean-Denis Greze and launched its AI assistant called townies in June, with annualized revenue reaching several million dollars within weeks. Each employee is equipped with a Townie that can connect to systems such as email and calendars and share information with other Townies, and enterprises can retain these context assets.