Key facts
- Town raised $55 million in Series A funding.
- The funding round was led by Andreessen Horowitz and Forerunner Ventures.
- Town's AI assistants, called Townies, connect to user emails and calendars.
- Townies learn user preferences and patterns to suggest or automate tasks.
- The company was founded in late 2024 by Jean-Denis Grézé and Tony Vincent.
- Town is targeting the global AI assistant market, projected to reach $74 billion by 2033.
Town, a startup focused on personalized AI assistants, has raised $55 million in a Series A funding round led by Andreessen Horowitz, with participation from Forerunner Ventures, First Round, Alt Capital, and Conviction. Founded in late 2024 by Jean-Denis Grézé, former CTO of Plaid, and Tony Vincent, former director of applied AI at Google, Town aims to address the underutilization of AI tools by the average user. Their AI assistants, dubbed 'Townies,' are designed to be deeply integrated into a user's digital life, connecting to email and calendars to build a comprehensive understanding of the user. This allows Townies to proactively suggest actions or automate tasks, such as generating research briefs or translating documents. The company targets 'prosumers' whose personal and professional lives are intertwined, with a significant user base including Australian plumbers. Town operates on Google and Microsoft infrastructure and aims to differentiate itself by focusing on user partnership rather than data extraction, drawing lessons from Grézé's experience with the failed Visa acquisition of Plaid. The company reports nearly 10,000 users and 99% retention among those who have created custom automations.