AI startup Wabi raises $55 million, reaching a valuation of $1.25 billion
AI startup Wabi, founded by Eugenia Kuyda, has raised $55 million in new funding, bringing its valuation to $1.25 billion. The company is continuing its transformation into a personal AI assistant that develops mini-apps based on user prompts.
Wabi, an AI startup founded by Replika creator Eugenia Kuyda, has completed a new $55 million funding round, pushing the company's valuation to $1.25 billion.
The funding round was led by IVP, with participation from major organizations including Andreessen Horowitz (a16z), Forerunner, and the Amazon Alexa Fund. Other notable investors include Shopify CEO Tobi Lütke, Salesforce CEO Marc Benioff, former Yahoo executive Marissa Mayer, former Twitter CEO Dick Costolo, and Alex Pall of The Chainsmokers.
Wabi was initially founded as a platform focused on allowing users to develop applications through prompts. With a strategic shift last month, the company transitioned into a personal AI messaging and assistant service dubbed 'Wabi 2.0.' Through this new structure, users can create mini-apps for needs such as meal planning, tracking local restaurants, fitness programs, and custom trivia games.
IVP General Partner Alex Lim highlighted Eugenia Kuyda's vision and past achievements in the AI field, noting that Wabi offers a user experience that goes beyond traditional text box or command-line interactions.
Sources
- techcrunch.com · Link