Wabi secured $55 million in funding at a $1.25 billion valuation, just 10 days after fully launching its personal AI assistant.
42 minutes ago
From Beating AI Express: AI companion app Replika founder Eugenia Kuyda’s new company Wabi has closed a $55 million Series A funding round, valuing the startup at $1.25 billion. IVP led the round, with participation from a16z, Forerunner, Amazon Alexa Fund, and other investors. Adding to the $20 million funding raised last November, Wabi has secured a total of $75 million in capital in less than a year. Last year, Wabi was positioned as an "App version of YouTube" that allowed ordinary users to generate mini-programs with a single sentence, then share them for others to use and modify. At the end of September this year, the startup pivoted to focus on personal AI assistants, with features including booking services, scheduling, handling daily tasks in group chats, and on-demand generation of checklists, schedules, and mini-games. Kuyda previously told TechCrunch that the team found users appreciate personalized software but are not always willing to invest time building it themselves. As a result, the new Wabi now has AI proactively generating the required mini-programs. However, Wabi’s personal AI assistant only fully launched on October 19. While the company emphasized "strong demand" in its funding announcement, it did not disclose active user, retention, or revenue data. Kuyda also noted 10 days ago that the product is currently free, with its business model not yet finalized.
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