Town nears $1B valuation as Index bets on both sides of the personal-agent boom
What's the deal? Town, an enterprise personal assistant startup, is in talks to raise at a $1 billion valuation in a round led by Index Ventures, sources told Newcomer. The company was founded by former PlaidDealroom has a profile for this one. Try Dealroom → chief technology officer Jean-Denis Greze and former GoogleDealroom has a profile for this one. Try Dealroom → applied AI product director Tony Vincent, and previously drew backing from Andreessen Horowitz and Forerunner.
Why now? Personal assistant startups have venture capitalists in what Newcomer called a "tizzy." Investors see room for what they view as generation-defining applications, even if VCs themselves currently look like the main power users.
The other side: InstinctDealroom has a profile for this one. Try Dealroom →, a text-based consumer personal assistant run by Spear Street TechnologyDealroom has a profile for this one. Try Dealroom →, is raising round after round. Founded by former Sierra researcher Noah Shinn, it has cumulatively raised $350 million at a $2.5 billion valuation, the Wall Street Journal reported. Index Ventures and Benchmark are leading that round.
The signal: Index is backing both startups at the heart of the personal-agent race — an unusual double bet. As one investor noted to Newcomer, Greylock once invested in both FacebookDealroom has a profile for this one. Try Dealroom → and LinkedIn.
Read more: newcomer.co
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