GoKawiilTown raises $108M Series B at $1B valuation, led by Forerunner and Menlo
Town, an AI agent startup led by CEO Jean-Denis Greze, announced a $108 million Series B funding round on October 19, co-led by Forerunner Ventures and Menlo Ventures. The round values the company at $1 billion. Greze also spoke publicly about why most people struggle to use AI agents effectively, citing what he calls the 'empty-box problem' and objecting to the term 'assistant' to describe such tools.
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The large valuation suggests investors see significant potential in making AI agents accessible to everyday users rather than just technical early adopters, though whether Town can solve the adoption gap Greze describes remains unproven. His comments point to a broader industry challenge: powerful AI tools often fail to gain mass usage when people don't know how to prompt or direct them effectively, which could shape how competitors design their own products.
- Town raised $108 million in a Series B round announced October 19
- The round was co-led by Forerunner Ventures and Menlo Ventures at a $1 billion valuation
- CEO Jean-Denis Greze argues the term 'assistant' misrepresents AI agents and that users face an 'empty-box problem' in adopting them
Source: fastcompany.com, 2026-10-25
Published there as: “Town CEO Jean-Denis Greze on why most people still don’t know what to ask AI”
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