AI Agent Startup Wabi Reaches $1.25B Valuation Following $55M Funding Round

Wabi, an artificial intelligence startup led by Replika founder Eugenia Kuyda, has announced a $55 million funding round that brings its valuation to $1.25 billion. The company originally focused on enabling users to build applications through text prompts but recently shifted toward operating as an AI messenger and personal agent.

According to published reports, the newly positioned platform—sometimes referenced as Wabi 2.0—aims to dynamically construct interfaces to help users accomplish tasks. The startup suggests the technology can generate mini apps for various activities, such as meal planning, tracking local restaurants, organizing date nights, building fitness routines, and designing trivia games.

Funding Details and Investors

The latest financing round was led by IVP. General Partner Alex Lim praised founder Eugenia Kuyda's vision for human-computer interaction, noting that the approach moves beyond traditional text boxes and command lines.

• Lead Investor: IVP (Alex Lim, General Partner)
• Participating Venture Firms: Andreessen Horowitz (a16z), Forerunner, Amazon Alexa Fund
• Notable Angel Investors: Shopify CEO Tobi Lütke, Salesforce CEO Marc Benioff, former Yahoo! head Marissa Mayer, former Twitter CEO Dick Costolo, and Alex Pall of The Chainsmokers

Market Context and Verification

The funding indicates continued investor interest in agentic AI technologies, a sector that has seen significant capital allocation across the industry. Observers can verify these developments through official company announcements, press releases, and filings from participating venture capital firms.

• Practical Implications: The capital injection will likely support product development for the personal agent platform.
• Verification: Check official statements from IVP or Wabi for primary funding details.