Browsing: unicorn

Town, a two-year-old, San Francisco-based startup developing AI assistants, nabbed a unicorn valuation on Monday, announcing a $108 million Series B funding round co-led by Forerunner Ventures and Menlo Ventures. The company launched publicly just four months ago and said it reached millions of dollars in annual recurring revenue in a matter of weeks. It…

Just 10.5 percent of the 706.3 billion won ($520 million) raised across a group of government-backed venture funds designed to nurture artificial intelligence and deep-tech startups into unicorns had been invested in companies by the end of June.