Wabi Hits $1.25B Valuation After $55M Round for Its AI Agent That Builds Mini Apps

Wabi says it raised $55 million at a $1.25 billion valuation. The AI app is now describing itself as a “personal agent,” a positioning shift that places it in the fast-moving race to build consumer-facing AI assistants. The company was founded by Eugenia Kuyda, who previously founded AI companion startup Replika.

Wabi originally focused on letting anyone build apps using prompts. More recently, the startup announced a pivot toward an AI messenger experience, referred to in the article as Wabi 2.0. The company’s new pitch is that Wabi can build the interfaces users need to get tasks done as part of its role as a personal AI agent.

Wabi suggests its mini apps could support everyday planning and personalized tasks. Examples listed include meal planning, tracking local restaurants, planning date nights, creating fitness plans, and designing specialized trivia games. The appeal is practical: instead of only chatting with an AI tool, users may get lightweight interfaces built around the task at hand.

IVP led the new round, with participation from Andreessen Horowitz, Forerunner, Amazon Alexa Fund, and several angel investors. TechCrunch frames the raise against a hot market for AI agents, citing recent funding for Instinct and Tolan as additional signals of investor interest. For readers tracking AI apps, the key takeaway is that Wabi’s valuation reflects confidence in consumer AI agents that move beyond the standard text box.