Startup Town raises $108 million at a $1 billion valuation for SI assistants that work together inside a team
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
Workplace SI assistants are starting to interact with each other, and investors are ready to pay billion-dollar valuations for it.
The Series B round was led by Forerunner Ventures and Menlo Ventures, with a16z and First Round Capital participating. Town gives each employee an assistant, a "Townie", connected to email, documents and calendar; the assistants can now ask each other questions and hand off work, while the person controls what is shared. According to the company, annual recurring revenue passed seven figures within weeks of the June launch, the number of paying customers has quadrupled since July, and customer data is not used to train models.
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