# Town AI startup hits $1 billion valuation after $108M funding

> Town, an AI work assistant startup, secured $1 billion valuation after raising $108 million in Series B funding just weeks post-launch.
- Title: Town AI startup hits $1 billion valuation after $108M funding
- Summary: Town, an AI work assistant startup, secured $1 billion valuation after raising $108 million in Series B funding just weeks post-launch. Town, an AI work…
- Keywords: town, work assistant, series b, funding, valuation, university, startup, technology, enterprise, hits, billion, 108M
- Source: SiliconANGLE — https://siliconangle.com/2026/10/19/ai-work-assistant-startup-town-secures-unicorn-status-after-raising-108m-just-weeks-after-launching
- Author: Mike Wheatley
- Published: 2026-10-20T00:41:33+00:00
- Read time: 1 min
- Topics: town, ai, work assistant, series b, funding, valuation, university, startup, technology, enterprise
## Town secures $1 billion valuation
Town, an AI work assistant startup, raised $108 million in Series B funding to reach a $1 billion valuation.
## Funding led by Forerunner and Menlo
The Series B round was led by Forerunner Ventures and Menlo Ventures, with participation from Andreessen Horowitz, Serena Ventures, and First Round Capital.
## Town co-founded by Jean-Denis Greze and Tony Vincent
Town was co-founded by former Plaid Inc. Chief Technology Officer Jean-Denis Greze and Tony Vincent, who previously worked at Aspen Designs and Sold Inc.
## Town achieves revenue run rate in millions
Town reported a revenue run rate in the millions of dollars just weeks after launching its first assistants, known as 'townies,' in June.
## Townies connect employees and tools
Townies help employees with tasks by connecting to tools like emails, calendars, and other core work systems.
## Townies share approved information
Employees’ Townies can talk to each other and share approved information; they can also work with customers and others outside the company.
## Menlo partners praise Town
Menlo’s partners wrote that Townies became their hardest working team members within weeks, catching forgotten commitments and pulling context before anyone searched.
## Townies understand business context
Townies know how their CEO writes, who has strong relationships with buyers, and what each sales lead cares about most.
## Key takeaway

Town, an AI work assistant startup, raised $108 million in Series B funding to reach $1 billion valuation within weeks of launching.