AI assistant Wabi raised 55 million USD in financing, with a valuation of 1.25 billion USD

According to Bloomberg, California-based personal AI assistant company Wabi Inc. has completed a $55 million financing round, with a valuation of $1.25 billion. This round was led by IVP, with participation from Andreessen Horowitz, Amazon Alexa Fund, and Forerunner Ventures, and the company plans to announce this on Thursday. The funds will be used to continue developing software that allows multiple people to interact with AI agents to coordinate activities and make collective decisions.

Wabi was founded by Replika founder Eugenia Kuyda and is headquartered in San Francisco. The product is positioned as a personal AI assistant for multiple users, combining AI agents, personalized mini-apps, and shared spaces. The company announcement shows that participating angel investors include Shopify CEO Tobi Lütke, Salesforce CEO Marc Benioff, former Yahoo head Marissa Mayer, former Twitter CEO Dick Costolo, and Alex Pall. The new funds will be used for product development and business expansion, with the product currently available on iOS, Android, and Mac.