Town secures $108 million funding at billion-dollar valuation

Town, a San Francisco-based artificial intelligence startup developing workplace assistants, has raised $108 million in Series B financing, securing a $1 billion valuation just four months after its public launch. The funding round, announced on October 19, was co-led by Forerunner Ventures and Menlo Ventures, with participation from existing investors Andreessen Horowitz and First Round Capital.