Town, an enterprise personal AI assistant platform, is in talks to raise funding at a $1 billion valuation in a round led by Index Ventures, according to sources.
Town joins a growing cohort of startups building AI-powered personal assistants aimed at enterprise customers. The company's funding round, if completed at the reported valuation, would mark a significant bet on workplace AI automation.
Index Ventures is leading the round, signaling strong investor confidence in the category. Enterprise personal AI assistants are designed to handle administrative tasks, scheduling, and other workplace functions on behalf of employees.
The funding comes as venture capitalists show heightened interest in AI agent platforms. Multiple startups in the space have attracted investor attention recently, with several reaching unicorn status or pursuing aggressive fundraising.
Town's valuation reflects the current momentum in AI infrastructure and agent-based workflows, though the company remains relatively early-stage. Terms of the potential round and participation from other investors were not disclosed.
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