From TechCrunch · Dominic-Madori Davis · · 1m 10s
Town hits unicorn status four months after launch
AI assistant startup Town reaches one billion dollar valuation on strength of early revenue, raising one hundred eight million dollars in Series B funding.
In brief
AI assistant startup Town reaches one billion dollar valuation on strength of early revenue, raising one hundred eight million dollars in Series B funding. Town, an AI assistant startup founded by former Plaid CTO Jean-Denis Greze, reached unicorn valuation four months after public launch by raising one hundred eight…
Town reaches unicorn valuation
Town, a San Francisco-based AI assistant startup founded by former Plaid CTO Jean-Denis Greze, announced a one billion dollar valuation on Monday with a one hundred eight million dollar Series B funding round.
Four months from launch to unicorn
The company launched publicly just four months ago and reached millions of dollars in annual recurring revenue within weeks.
How Town's AI assistants work
Town targets businesses by giving each employee an AI assistant called a Townie that connects to emails, calendars and core work systems.
New shared workflow feature announced
Alongside the funding, Town announced a shared workflow that automatically updates employees' Townies with new business information rather than requiring each worker to update their own Townie.
The one thing
Town, an AI assistant startup founded by former Plaid CTO Jean-Denis Greze, reached unicorn valuation four months after public launch by raising one hundred eight million dollars in Series B funding co-led by Forerunner Ventures and Menlo Ventures.
