Wabi Raises $55 Million at $1.25 Billion Valuation as AI Agent Funding Race Heats Up
Updated
Updated · TechCrunch · Oct 29
Wabi Raises $55 Million at $1.25 Billion Valuation as AI Agent Funding Race Heats Up
2 articles · Updated · TechCrunch · Oct 29
Summary
$55 million in new funding values Wabi at $1.25 billion, giving the startup fresh backing as it recasts itself as a personal AI agent.
The raise follows Wabi's shift last month from a prompt-based app-building platform to an AI messenger that can generate mini-app interfaces for tasks like meal planning, restaurant tracking and fitness plans.
IVP led the round, with Andreessen Horowitz, Forerunner, the Amazon Alexa Fund and high-profile angels including Shopify CEO Tobi Lütke and Salesforce CEO Marc Benioff also participating.
Investor appetite reflects a broader scramble around AI agents: Instinct drew another $1 billion at a $10 billion valuation in September, while companion-AI startup Tolan recently raised $30 million.