Wabi, a San Francisco company building a consumer AI assistant, announced $55 million in funding on 29 October at a $1.25 billion valuation. IVP led, with Andreessen Horowitz, Forerunner and the Amazon Alexa Fund taking part, and angels including Marc Benioff and Tobi Lütke.
“She has a clear vision for how people will interact with AI, one that goes far beyond the text box or command line.”
Alex Lim, general partner at IVP, in the funding announcement · prnewswire.com ↗
Wabi was founded by Eugenia Kuyda, who earlier started Replika, an AI companion app with more than 35 million users. SiliconANGLE calls the round a seed, while the company's release names no stage. Wabi has disclosed neither user numbers nor a business model. Dealroom puts the round near the 98th percentile for early-stage US mobile-app rounds by size.
The app runs on Mac, iOS and Android, with Windows next. It centres on group chat with an embedded assistant that suggests venues from what the group agrees on. A Plaid connection builds budgets and flags unused subscriptions, a Gmail connector alerts users to key emails, and sidebar widgets show details such as flight times and restaurant cards. It can also make small task apps and simple 2D games from chat. Users have tried it for fitness challenges, meal plans and trivia.
Wabi's branded graphic used to illustrate the funding report
Image: SiliconANGLE
Wabi argues most assistants serve one person in one chat, and Kuyda wants it to become an "operating system for life". Dealroom flags consent and data-sharing questions for a group-focused assistant, and crowding from OpenAI and Meta; SiliconANGLE adds that big players could copy the idea and force Wabi to differentiate.
About Wabi
Wabi is a San Francisco AI assistant company founded by Eugenia Kuyda, who also created the AI companion app Replika. It combines an AI agent, personalised mini-apps and shared spaces so that people use AI together.
It launched in beta in October 2025 as a "YouTube for apps", where prompts create mini apps that are shared with friends. In November 2025 it raised a $20 million pre-seed from angels including Naval Ravikant, Garry Tan and Amjad Masad, with a16z's Anish Acharya backing it. Kuyda said at the time that part of the money would subsidise usage until a business model was settled, and that she preferred no ads, as with Replika.
The company's $20 million pre-seed in November 2025 was led by Andreessen Horowitz, when it was pitched as a "YouTube of apps" where prompts build shareable mini-apps. The new money goes to product development and expansion, with the Windows app a priority.
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