AI app Wabi completes $55 million funding round at $1.25 billion valuation

TechFlow reported on October 30 that, according to TechCrunch, Wabi, an AI application company founded by Replika founder Eugenia Kuyda, completed a $55 million funding round at a $1.25 billion valuation. The round was led by IVP, with participation from Andreessen Horowitz (a16z), Forerunner, Amazon Alexa Fund, and others. Individual investors including Shopify CEO Tobi Lütke and Salesforce CEO Marc Benioff also participated.

Wabi was originally positioned as a platform for creating apps through natural language prompts, subsequently pivoted to an AI instant messaging product, and is now positioned as a personal AI agent that can create mini apps based on user needs, covering use cases such as meal planning, restaurant tracking, date scheduling, fitness plans, and interactive games.

Source: TechFlow