The Pulse
Wabi raises $55 million at a $1.25 billion valuation
Wabi has raised $55 million at a $1.25 billion valuation in a round led by IVP. The startup, founded by Replika creator Eugenia Kuyda, is building a personal AI assistant for shared plans, tasks and activities.
AI.info Team · Written with AI · fact-checked ·
Wabi announced a $55 million funding round on October 29, valuing the personal AI startup at $1.25 billion. IVP led the round, which also included Andreessen Horowitz, Forerunner and Amazon’s Alexa Fund, alongside investors including Tobi Lütke, Marc Benioff, Marissa Mayer, Dick Costolo and Alex Pall. The company says the financing follows strong interest after its public launch, but did not disclose user numbers or revenue.
Wabi puts the agent in shared spaces
Founded by Eugenia Kuyda, who previously founded AI companion platform Replika, Wabi is designed around a different unit of interaction from the familiar one-person chat: a group of people trying to plan or do something together. The product combines an AI agent, shared spaces and personalized mini-apps, which users can revisit and adapt rather than treating every exchange as a one-off conversation. Wabi says friends have used it to find bands that match their shared tastes and organize fitness challenges, while couples have planned date nights.
The company’s examples extend to everyday coordination. Families can share a weekly meal plan that becomes a grocery list, manage schedules and get help with children’s homework; friends can create trivia games or book-club trackers. Wabi also describes uses for appointment booking and trip planning. Those examples frame the product less as a private answer box and more as a shared workspace where an agent can help a group turn a conversation into a plan or reusable tool.
Kuyda’s pitch is time spent together
“AI shouldn't just save people time. It should help them spend it better, doing more of what they love, with the people they love,” Kuyda, Wabi’s founder and CEO, said in the announcement. She described the company’s ambition as an “operating system for life,” bringing people, tools and AI together around goals and shared activities. The funding, Wabi said, will support continued product development and expansion.
IVP general partner Alex Lim endorsed the product’s move beyond a text interface, saying Kuyda has “a clear vision for how people will interact with AI, one that goes far beyond the text box or command line.” Andreessen Horowitz general partner Anish Acharya said Wabi is built as a shared place to plan, play and get things done. Both investors have backed the founder’s consumer-product approach, while IVP led this latest round.
A billion-dollar valuation without public usage figures
Wabi is available on iOS, Android and Mac, with a Windows version listed as coming soon. The announcement does not provide a launch date for Windows, a subscription price, user totals or a breakdown of how the $55 million will be spent. That leaves the stated valuation and the company’s description of early demand as the main public measures of investor confidence.
The product’s bet is that personal AI can be useful not only to an individual but also to the people coordinating a household, a club or a night out. Whether those shared mini-apps become tools people return to—and whether Wabi can turn that use into a lasting business—will depend on adoption the company has not yet quantified publicly.