Wabi, the AI agent that builds mini apps, now valued at $1.25B after latest round
News Source
β’Thu, 29 Oct 2026 14:35:26 +0000
π° What Happened
Wabi, an AI app that builds small apps for you, has raised $55 million. The round values the company at $1.25 billion. It was founded by Eugenia Kuyda, who also started the AI companion app Replika.
Wabi began as a tool for making apps with written prompts. Last month it changed direction to become an AI messenger. The idea is that Wabi builds the small tools you need as it helps you through your day.
The company says people could use it for meal plans, tracking restaurants, date nights, fitness plans or trivia games. The round was led by IVP, with Andreessen Horowitz, Forerunner and the Amazon Alexa Fund taking part.
π The Backstory
Investors are placing many bets on AI assistants. Another agent app, Instinct, was valued at $10 billion in September. Tolan, which makes a soft toy-like AI companion, raised $30 million.
Angels in Wabi's round include Shopify's Tobi LΓΌtke, Salesforce's Marc Benioff, Marissa Mayer and Dick Costolo. IVP's Alex Lim said Kuyda has a clear view of how people will work with AI beyond a text box.
π― Why It Matters
AI assistants are moving from chat windows to doing tasks for you. These apps could change how people plan meals, exercise and their week.
Wabi, an AI app that builds small apps for you, has raised $55 million. The round values the company at $1.25 billion. It was founded by Eugenia Kuyda, who also started the AI companion app Replika.
Wabi began as a tool for making apps with written prompts. Last month it changed direction to become an AI messenger. The idea is that Wabi builds the small tools you need as it helps you through your day.
The company says people could use it for meal plans, tracking restaurants, date nights, fitness plans or trivia games. The round was led by IVP, with Andreessen Horowitz, Forerunner and the Amazon Alexa Fund taking part.
Investors are placing many bets on AI assistants. Another agent app, Instinct, was valued at $10 billion in September. Tolan, which makes a soft toy-like AI companion, raised $30 million.
Angels in Wabi's round include Shopify's Tobi LΓΌtke, Salesforce's Marc Benioff, Marissa Mayer and Dick Costolo. IVP's Alex Lim said Kuyda has a clear view of how people will work with AI beyond a text box.
AI assistants are moving from chat windows to doing tasks for you. These apps could change how people plan meals, exercise and their week.