Wabi raises $55 million to expand shared AI assistant

Wabi said it raised $55 million in an IVP-led financing to develop and expand its personal AI assistant for shared use.

The company said the financing valued it at $1.25 billion. Wabi said Andreessen Horowitz, Forerunner and the Amazon Alexa Fund also participated. The press release did not disclose the financing stage, ownership sold or other transaction terms.

Wabi combines an AI agent, personalized mini-apps and shared spaces to help people coordinate plans and everyday tasks. Its product site describes shared uses such as planning trips and handling group activities.

Wabi described early interest after its public launch as strong, but did not provide user, revenue, retention or usage figures.

Founder and CEO Eugenia Kuyda previously founded AI companion platform Replika. Wabi said the new capital will support further product development and expansion. Its assistant is available on iOS, Android and Mac, with a Windows version planned, according to the company.