Wabi raises $55 million to make personal AI a shared experience
IVP led the round at a $1.25 billion valuation as Wabi combines an AI agent, shared spaces and personalised mini-apps.
Most AI assistants begin with one person in a chat box. Wabi is betting on people using an agent together, with shared tools for plans, routines and everyday decisions.
What happened
On 29 October, Wabi announced $55 million in funding at a $1.25 billion valuation. IVP led the round, with a16z, Forerunner, Amazon Alexa Fund and individual investors participating.
Founded by Replika creator Eugenia Kuyda, Wabi combines an AI agent with shared spaces and personalised mini-apps. Examples include meal plans that become grocery lists, restaurant trackers and tools for group activities.
The proceeds will support product development and expansion. The company described early demand but did not provide a quantified user base in the announcement.
Why it matters
Shared tools could give a consumer AI product reasons for repeat use beyond asking occasional questions. A plan or tracker that several people maintain may become part of an existing relationship or routine.
That possibility still needs evidence of sustained usage, rather than initial curiosity.
The bigger picture
The valuation reflects investors’ expectations for a personal-agent business. Retention, useful collaboration and a convincing revenue model will matter more than how many mini-apps the system can generate.