Town has announced a $108 million Series B funding round co-led by Forerunner Ventures and Menlo Ventures. The round values Town at $1 billion as it targets small businesses and mid-market firms seeking practical uses for AI.
Town announced the funding on October 19. Led by CEO Jean-Denis Greze, the San Francisco startup wants to make AI agents more accessible for everyday business tasks.
Greze and Tony Vincent founded Town in San Francisco in late 2024, following Greze’s time as Plaid’s CTO. At Plaid, he expanded the engineering team from about 20 people to 350.
Greze acknowledges that ChatGPT and Claude can already do most of what Town does. For builders of AI assistants, Greze’s argument is that users need help understanding what to delegate, rather than simply being given an empty chat box.
The funding gives a specialist AI assistant business capital to pursue smaller companies still looking for practical benefits from AI.
Overlap with ChatGPT and Claude means specialist providers need to establish value beyond access to capable AI models.
Whether better onboarding can turn AI searches into task delegation remains unproven.
Written automatically by the Made in 10 Newsroom from the source above.
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