Wabi raises $55 million at a $1.25 billion valuation

Wabi said it raised $55 million in a round that valued the company at $1.25 billion.[1] An unnamed entity led the round, while Andreessen Horowitz, Forerunner Ventures and Amazon Alexa Fund participated.[1] Angel investors included Shopify CEO Tobi Lütke, Salesforce CEO Marc Benioff, Marissa Mayer, Dick Costolo and Alex Pall.[1] Wabi said the raise followed strong interest in its recent public launch.[2] The company said it plans to use the money for continued product development and expansion.[2]

Wabi describes itself as a personal AI assistant designed for people to use together, rather than an assistant centered on one person typing into one chat.[2] The product combines an AI agent, personalized mini-apps and shared spaces.[2] Wabi says users can create mini-apps for meal planning, restaurant tracking, date-night planning, fitness plans and trivia games.[1] It says those tools can be revisited and adapted over time.[2] The company also points to family schedules, children’s homework, appointments and trip planning as tasks it can help with.[2]

Eugenia Kuyda announced Wabi 2.0’s public launch on October 19, 2026.[2] Wabi says users can add its widgets to iOS and Android home screens, and move between work started on a computer and a phone.[3] For a team assessing whether the product fits its needs, the stated capabilities to evaluate include shared spaces, tools that can be adapted over time, and continuity between computer and phone.[2][3] TechCrunch reported that Kuyda previously founded Replika.[1]

TechCrunch reported that Wabi initially focused on letting people build apps using prompts, then pivoted toward becoming an AI messenger.[1] At the time of TechCrunch’s October 19 report, Wabi was free and the company had not settled on a business model.[4] Wabi’s funding announcement describes planned investment in product development and expansion, but does not establish a settled business model.[2][4] TechCrunch also reported that AI agent Instinct raised $1 billion at a $10 billion valuation in September, and that AI companion company Tolan had raised $30 million.[1]