Wabi raises $55M at $1.25B valuation as AI personal agent pivots to mini-apps builder
· Technology · TechCrunch
Wabi, the AI app founded by Eugenia Kuyda, announced a $55 million funding round that values the company at $1.25 billion. The startup pivoted last month from app-building prompts to positioning itself as a personal AI agent, with the new version capable of building mini-apps for meal planning, restaurant tracking, and fitness routines. The round was led by IVP, with participation from Andreessen Horowitz, Forerunner, Amazon Alexa Fund, and several high-profile angel investors including Shopify CEO Tobi Lütke and Salesforce CEO Marc Benioff. The investment comes amid a hot market for AI agents, following Instinct's $10 billion valuation in September and Tolan's $30 million raise.
Why it matters
The fresh capital validates Wabi's shift toward becoming a personal AI agent, positioning the company in the competitive AI assistant race alongside other well-funded startups.
Read the original report — TechCrunch
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