Sources: Town, which develops enterprise personal AI assistants, is in talks to raise at a $1B valuation in a round led by Index Ventures Newcomer 2026-08-28 AI, Index Ventures Related Coverage Consumer-focused AI assistant startup Instinct reportedly raising $250M SiliconANGLE · Maria Deutscher Instinct Raises $250 Million At $2.5 Billion Valuation As AI Assistant Goes Viral In Silicon Valley Pulse 2.0 · Amit Chowdhry Town seeks a $1B valuation two months after its $55M Series A RuntimeWire · Ryan Merket Inklings #024 📧 — NVIDIA's Profit Crown • NVIDIA's Hugging Face Deal Spyglass · M.G. Siegler Discussion @maddierenbarger Madeline Renbarger on x Scoop: First Instinct was buzzy, now Town is getting in on the action! It's in talks to raise at a $1 billion valuation just 2 months after its Series A with @EricNewcomer https://www.newcomer.co/...