Wabi, the AI agent that builds mini apps, now valued at $1.25B after latest round
techcrunch ·
Wabi, an AI startup founded by Eugenia Kuyda, has raised $55 million in a new funding round that values the company at $1.25 billion. Originally focused on prompt-based app creation, Wabi has pivoted to become a personal AI agent capable of building mini-apps for various daily tasks such as meal planning and fitness tracking. This latest investment highlights investor confidence in the growing market for agentic AI tools, which is currently seeing significant activity from competitors like Instinct and Tolan. The round was led by IVP, with participation from major firms including Andreessen Horowitz and the Amazon Alexa Fund. Notable angel investors in the series include tech executives like Shopify’s Tobi Lütke and Salesforce’s Marc Benioff, alongside musician Alex Pall. Investors praised Kuyda’s vision for moving AI interaction beyond simple text boxes into more functional, agent-driven experiences. The funding underscores the competitive race among companies to define the next generation of AI assistants.
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