# Town Raises $108M at $1B Valuation

> Town secures $108 million Series B funding at $1 billion valuation for workplace AI assistants.
- Title: Town Raises $108M at $1B Valuation · RuntimeWire | Shortify
- Summary: Town secures $108 million Series B funding at $1 billion valuation for workplace AI assistants. Town raised $108 million in Series B funding at a $1 billion…
- Keywords: town, series b, workplace ai, funding, valuation, techcrunch, technology, Raises, 108M, RuntimeWire
- Source: RuntimeWire — https://runtimewire.com/article/town-108m-series-b-unicorn-valuation
- Author: RuntimeWire
- Published: 2026-10-19T18:19:48.55+00:00
- Read time: 1 min
- Topics: town, series b, workplace ai, funding, valuation, techcrunch, technology, ai
## Town's Series B Funding
Town raised $108 million in Series B at a $1 billion valuation on October 19th.
## Investors Participating
Forerunner Ventures and Menlo Ventures co-led the round with Andreessen Horowitz, First Round Capital, and Serena Ventures.
## Funding Purpose
The round supports Town's workplace AI assistants with repeat founders aiming to prove employee retention.
## Key takeaway

Town raised $108 million in Series B funding at a $1 billion valuation for workplace AI assistants.