Town
Startup building personalized AI assistants.
- Early Optimism Reigns on Agentic Commerce + Personal Agents at the Machine Earning AI Summit
- War in the Middle East & Rising Interest Rates Threaten the Funding for AI Build-Out
- For Startups Facing the AI Safety Uproar, Cybersecurity Looms Larger than Existential Risk
- Investors Are Betting on Agents That Shop for You. Here Are the Startups They’re Backing.
- Tech Giants Warn of Impending AI Cyberattacks
- Amid Personal Assistant Investor Frenzy, Town Nears $1 Billion Valuation in Round Led by Instinct-Backer Index Ven…
- AI Micro Dramas, Generative Media, and the Future of Creativity
- Meta Struggles to Be Relevant in AI
- First to build the missile wins
“I get pinged by Ben Horowitz... 'It changed my life. It's so great.'”
Source→“We've decided that for that kind of a question, we will trust AI to mediate the security and privacy of that request within a company.”
Source→“We're a neutral app. We will use whatever supplier we think is the best for you in the moment.”
Source→“Killing a 'Good' business because tax is a discontinuous, non-viral market.”
Source→“Town, an SF-based AI assistant for teams, raised $108m in Series B funding at a $1b post-money valuation. Forerunner Ventures and Menlo Ventures led, joined by a16z, First Round Capital...”
“Greze called the consumer business 'a market to zero' because regular people rarely pay for software.”
“We are in Town, which we love and we think very highly of... They've gone from, I don't know, 250 million to 10 billion in 10 weeks.”
Source→“within a year, people will spend 40% of their digital time at work using an assistant instead of directly accessing apps and websites, and that that figure would reach 90% within five years”
Source→“Use frontier models to replace expensive security consultants now”
Source→“Town — One-year-old startup reportedly raising at a $1B valuation, backed by a16z and Forerunner, with Index Ventures leading the new round”
Source→“former Google applied AI product director Tony Vincent”
Source→“Town, the affable enterprise personal assistant, is in talks to raise at a $1 billion valuation in a round led by Index, sources tell us.”
Source→“We were surprised that Index is backing both startups at the heart of the personal agent frenzy — though as one investor pointed out to us — Greylock once invested in both Facebook and LinkedIn.”
Source→“Right now, venture capitalists themselves seem like the power users of these products.”
Source→“Town, the affable enterprise personal assistant, is in talks to raise at a $1 billion valuation in a round led by Index, sources tell us.”
Source→“Town looks at everything you've done and creates the description of what it needs to do and then asks if you can do it.”
Source→“I've noticed Friday nights at 11 p.m., you are forwarding in receipts that you get to Navon, your guys' expense provider. How about every time you get an email that's an invoice or receipt, I just auto-forward it in for you.”
Source→“Town looks at everything you've done and creates the description of what it needs to do and then asks if you can do it. One great example is I often get warm intros from other investors or other folks to companies. And one day Town was just like, hey, I notice every time you get one of these, you like send an email back thanking the referrer, you move them to BCC and then you loop in your EA Lauren to schedule a meeting. How about I just do that for you every time one of these warm intros you've agreed to comes in?”
Source→“The single largest cluster of deals this week targets AI agents that replace human labor across workflows — customer support, administrative tasks, revenue operations, and personal productivity. Multiple $20M–$55M rounds landed in this space simultaneously.”
Source→“Town raised $55 million from Andreessen Horowitz... Personal AI that acts on your behalf across work apps.”
Source→“Town: $55M Series A led by a16z. 'Learning users' voice, relationships, routines, and priorities'”
Source→“Town...Personalized AI assistant developer — $55M Series A led by Andreessen Horowitz”
Source→“Town | Personalized AI assistants | $55M Series A led by a16z”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.