Town raises $108M at a $1B valuation so AI assistants can work as a team

Town, a San Francisco startup, raised $108M in a Series B round at a $1B valuation to expand its AI work assistants, called Townies, from individual use to team collaboration. Townies integrate with users' work tools, communicate with each other, and share workflows while maintaining data privacy and compliance. Since its public launch in June 2026, Town has rapidly grown its customer base and revenue.