AI app Wabi raises $55 million in funding, reaching a valuation of $1.25 billion.

on October 30, as covered by TechCrunch, AI app company Wabi, founded by Replika creator Eugenia Kuyda, raised $55 million in funding, reaching a valuation of $1.25 billion. The round was led by IVP, with participation from Andreessen Horowitz (a16z), Forerunner, Amazon Alexa Fund, and others. Individual investors such as Shopify CEO Tobi Lütke and Salesforce CEO Marc Benioff also participated.

Wabi was initially positioned as a platform for creating apps via natural language prompts, later pivoting to an AI instant messaging product. It is now positioned as a personal AI agent capable of generating mini-apps tailored to user needs across scenarios like meal planning, restaurant tracking, date scheduling, fitness routines, and interactive games.