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Town, which develops enterprise AI assistants, raised a $108M Series B at a $1B valuation, after announcing a $55M Series A in June (Dominic-Madori Davis/TechCrunch)

Techmeme ·
Town is building AI assistants that work across teams, with Forerunner Ventures and Menlo Ventures co-leading its latest round.

The two-year-old San Francisco startup announced a $108 million Series B at a $1 billion valuation. It follows a $55 million Series A announced in June. Co-founder Jean-Denis Greze says Town’s multiplayer assistants aim to reduce the time colleagues spend waiting on one another.

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