Wabi, the AI Agent That Builds Mini Apps, Hits $1.25B Valuation After Latest Raise
The race to build the winning AI assistant is in full swing, and investors are spreading their bets across an increasingly crowded field. On Thursday, Wabi—an AI app that now positions itself as a "personal agent"—announced it has raised $55 million at a $1.25 billion valuation, according to a company press release.
From App Builder to Personal Agent
Wabi was founded by Eugenia Kuyda, who previously launched the AI companion startup Replika. The company initially focused on letting anyone build apps using prompts. In late September 2026, however, the startup announced a pivot toward becoming an AI messenger experience.
The revamped product—dubbed Wabi 2.0—is designed to build the interfaces users need to get things done as part of its role as a personal AI agent. The company suggests Wabi could generate mini apps for tasks such as meal planning, tracking local restaurants, planning date nights, creating fitness plans, and designing specialized trivia games.
Investor Confidence in the Agentic Pivot
The new funding signals that Wabi's investors see potential in its agentic direction, particularly as the market for AI agents heats up. In September 2026, viral AI agent Instinct raised another billion dollars at a $10 billion valuation. Tolan, which makes a cute, Muppet-like AI companion to help people navigate life, also recently raised $30 million.
"Eugenia has a unique sense for where AI is headed and a track record of great taste in building it," said Alex Lim, general partner at IVP, which led the new round, in a statement. "She has a clear vision for how people will interact with AI—one that goes far beyond the text box or command line. Wabi is the expression of that vision, and we're thrilled to support her."
Other participants in the round included Andreessen Horowitz (a16z), Forerunner, the Amazon Alexa Fund, and angel investors such as Shopify CEO Tobi Lütke and Salesforce CEO (name truncated in the original report).
via TechCrunch