AI Agent Startup Wabi Raises $55 Million at $1.25 Billion Valuation
Wabi, an AI startup founded by Eugenia Kuyda, has secured $55 million in a new funding round, bringing its valuation to $1.25 billion. The company is undergoing a strategic pivot from a prompt-based app builder to a 'personal AI agent' and messenger. This new iteration, referred to as Wabi 2.0, aims to create specialized mini-apps for tasks such as meal planning, fitness tracking, and event coordination through conversational interfaces. The funding round was led by IVP and included significant participation from Andreessen Horowitz (a16z), Forerunner, and the Amazon Alexa Fund. High-profile angel investors also joined the round, including Tobi Lütke of Shopify and Marc Benioff of Salesforce. This investment highlights growing venture capital interest in the 'agentic' AI sector, following similar high-valuation rounds for competitors like Instinct.
Topics: AI agents artificial intelligence funding startup pivot
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Part of the story Wabi Secures $55 Million in Funding at $1.25 Billion Valuation (3 articles)