Town, a personalized AI assistant startup, raised $55 million in Series A funding led by Andreessen Horowitz

Town, founded in late 2024 by Jean-Denis Grézé (former CTO of Plaid) and Tony Vincent (former director of applied AI at Google), raised $55 million in Series A funding led by Andreessen Horowitz, with participation from Forerunner Ventures, First Round, Alt Capital, and Conviction.

Town's Townies are personalized AI assistants that connect to users' email and calendar, learn preferences over time, and suggest or automate actions like generating research briefs on unknown email senders or translating documents into a preferred language. The company is approaching 10,000 users, with 99% retention over two months among users who've built even one custom automation.

The global AI assistant market was valued at $16 billion in 2024 and is projected to reach $74 billion by 2033, according to the company's market assessment. The productivity software layer sits on top of a $110 billion business projected to reach $196 billion by 2031.