Town, a San Francisco-based startup specializing in AI assistants for businesses, has achieved a unicorn valuation just four months after its public launch. The company announced a $108 million Series B funding round on October 19, 2026, co-led by Forerunner Ventures and Menlo Ventures. With this round, Town has raised a total of at least $160 million, building on a $55 million Series A round completed in June.

Founded two years ago by former Plaid CTO Jean-Denis Greze, Town quickly gained traction by offering each employee within a company their own AI assistant, dubbed a "Townie." These virtual assistants connect to essential work tools such as email and calendar systems, as well as core business applications. Townies are designed to communicate with one another and can now extend their interactions to customers and external stakeholders, streamlining workflows both internally and externally.

One of Town's notable innovations unveiled alongside the funding is its shared workflow feature. This allows updates to business information to be automatically synced across employees' Townies, reducing the need for manual input and ensuring that teams work with the latest data. This addition enhances productivity and collaboration, positioning Town as a competitive player among the growing number of AI assistant providers chasing business adoption.

The Series B round also saw participation from prominent investors including Andreessen Horowitz, Serena Ventures, and First Round Capital. Town’s rapid revenue growth and user adoption highlight the increasing demand for AI-driven workplace productivity tools, underlining why investors are eager to back startups bridging AI technology with everyday business operations.