Town AI Reaches Unicorn Status with $108 Million Series B, Four Months After Public Launch

AI assistant startup Town announced a $108 million Series B funding round at a $1 billion valuation Monday, marking the company's rapid ascent from public launch four months ago. The round was co-led by Forerunner Ventures and Menlo Ventures, with participation from Andreessen Horowitz, Serena Ventures, and First Round Capital. Town brings the total funding raised to over $160 million since its Series A in June, signaling intense investor conviction in the enterprise AI assistant market.