Wabi raises $55 million at $1.25 billion valuation
Wabi raised $55 million in a funding round led by IVP at a $1.25 billion valuation, the company announced in a press release. Andreessen Horowitz, Forerunner, Amazon Alexa Fund and several angel investors also participated.
Wabi offers an AI assistant, personalized mini apps and shared spaces for individuals and groups. Its tools can help users plan trips, coordinate schedules, create meal plans and grocery lists, track shared activities and book appointments.
Eugenia Kuyda, who previously founded AI companion platform Replika, founded Wabi and serves as its CEO. The company will use the funding for product development and expansion. Wabi is available on iOS, Android and Mac, with a Windows version planned.
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