Wabi, a San Francisco-based artificial intelligence startup developing a collaborative personal AI assistant, has raised $55 million in a Series A funding round led by IVP at a valuation of $1.25 billion.
The financing included participation from Andreessen Horowitz (a16z), Forerunner and Amazon Alexa Fund. Individual investors included Tobi Lütke, Marc Benioff, Marissa Mayer, Dick Costolo and Alex Pall.
Founded by Eugenia Kuyda, who previously founded AI companion platform Replika, Wabi develops an AI assistant designed to help individuals and groups coordinate activities, manage everyday responsibilities and create personalized digital tools.
The platform combines an AI agent, customizable mini-apps and shared collaboration spaces. Users can create tools for activities such as meal planning, organizing trips, managing family schedules, tracking fitness goals and coordinating social events.
Wabi’s approach integrates AI assistance into shared conversations, allowing multiple participants to interact with an AI agent and use personalized applications within the same environment.
The company introduced an updated version of its platform, Wabi 2.0, in October 2026, expanding its focus from AI-generated mini-app creation to collaborative personal assistance. The service is available on iOS, Android and Mac, with a Windows version planned.
Before the latest financing, Wabi secured $20 million in a pre-seed round led by Andreessen Horowitz, announced in November 2025. The earlier investment supported the company’s development of a platform that allowed consumers to generate and share personalized software using AI.
Wabi plans to use the new funding for continued product development and expansion as it develops its shared AI assistant platform.
