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Startups & Venture·October 19, 2026·1 min read

Town raises $108M at a $1B valuation so AI assistants can work as a team

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A $108M Series B at a $1B valuation for Town says investors are now underwriting “assistant swarms” as a new collaboration surface, not just single copilots. If you’re building workplace software, assume users will expect multiple specialized agents that coordinate across tools—your integration and permission model needs to be ready.