From TechCrunch · Sarah Perez · · 1m 30s
Wabi valued at $1.25B after $55M funding round
Eugenia Kuyda's AI agent startup Wabi has raised $55 million at a $1.25 billion valuation, pivoting to build mini apps as a personal assistant.
In brief
Eugenia Kuyda's AI agent startup Wabi has raised $55 million at a $1.25 billion valuation, pivoting to build mini apps as a personal assistant. Wabi, founded by Eugenia Kuyda, raised fifty five million dollars at a one point two five billion dollar valuation after pivoting to become an AI messenger that builds mini…
Wabi raises $55 million
Wabi, an AI agent startup founded by Eugenia Kuyda, has raised fifty five million dollars at a one point two five billion dollar valuation on Thursday.
From app builder to messenger
Wabi originally let anyone build apps using prompts. Last month it pivoted to become an AI messenger that builds interfaces as your personal agent.
Mini apps for everyday tasks
Wabi can build mini apps for meal planning, tracking local restaurants, planning date nights, creating fitness plans, and designing specialized trivia games.
IVP leads the round
IVP led the funding round. Other participants included Andreessen Horowitz, Forerunner, and Amazon Alexa Fund, plus angel investors from major tech companies.
High-profile backers join
Angel investors include Shopify CEO Tobi Lütke, Salesforce CEO Marc Benioff, former Yahoo head Marissa Mayer, former Twitter CEO Dick Costolo, and Alex Pall of The Chainsmokers.
Kuyda's vision for AI
IVP partner Alex Lim said Kuyda has a unique sense for where AI is headed and a clear vision for how people will interact with AI beyond text boxes.
“She has a clear vision for how people will interact with AI, one that goes far beyond the text box or command line.”
The short version
Wabi, founded by Eugenia Kuyda, raised fifty five million dollars at a one point two five billion dollar valuation after pivoting to become an AI messenger that builds mini apps.
