- Wabi raised $55 million at a $1.25 billion valuation in a round led by IVP.
- Founder Eugenia Kuyda previously built AI companion app Replika before starting Wabi.
- Wabi pivoted last month from a prompt-based app builder into a “personal agent” called Wabi 2.0.
- Investors include a16z, Amazon’s Alexa Fund, and angels such as Shopify CEO Tobi Lütke and Salesforce CEO Marc Benioff.
What Happened
Wabi said on Thursday it raised $55 million at a $1.25 billion valuation, with IVP leading the round. General partner Alex Lim said Wabi founder Eugenia Kuyda “has a clear vision for how people will interact with AI, one that goes far beyond the text box or command line.” Kuyda previously founded AI companion startup Replika.
Why It Matters
The raise shows investors are still willing to fund AI agent startups at steep valuations even as the category crowds. Wabi’s bet is that users want an agent that builds disposable, purpose-specific interfaces — not another chatbot window.
Technical Details
Wabi originally let anyone build apps from prompts. Last month it pivoted to “Wabi 2.0,” repositioning as a personal AI agent that constructs mini apps on the fly for tasks like meal planning, tracking local restaurants, planning date nights, building fitness plans, or designing trivia games, generating a tailored interface for each task rather than a static app.
Who’s Affected
Beyond IVP, the round drew Andreessen Horowitz, Forerunner, and Amazon’s Alexa Fund, plus angel investors including Shopify CEO Tobi Lütke, Salesforce CEO Marc Benioff, former Yahoo chief Marissa Mayer, former Twitter CEO Dick Costolo, and Chainsmokers member Alex Pall. The deal follows a $1 billion round for AI agent Instinct at a $10 billion valuation in September and a $30 million raise for AI companion app Tolan.
What’s Next
Wabi will need to show its agent-built mini apps retain users beyond novelty, in a market where well-funded rivals are racing toward the same “personal agent” framing with deeper pockets and, in some cases, 10x the valuation.
Source: TechCrunch, Oct 29, 2026
Related: Upwind Security’s $400M Series C and OpenAI’s pre-IPO funding talks show the range of valuations AI startups are commanding this quarter.
