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Town Raises $108M at $1B Valuation to Bring AI Agents to SMBs
Town raised $108 million at a $1 billion valuation. If that valuation is post-money, investors are buying roughly 10.8% of a company founded in late 2024, and its CEO admits ChatGPT and Claude can do "most" of what Town does. The price is a bet on onboarding SMBs and mid-market companies to AI agents, and the weak spot is a guided path that the model makers could build themselves.
The skinny
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