AI assistant startup Wabi has raised $55 million at a $1.25 billion valuation in a funding round led by venture capital firm IVP, the San Francisco-based company announced on Thursday. The investment will finance the engineering work behind its collaborative personal agent software across mobile and desktop platforms.
Key points
- IVP led the $55 million round alongside Andreessen Horowitz, Forerunner Ventures, and the Amazon Alexa Fund.
- High-profile tech founders including Marc Benioff, Marissa Mayer, and Tobi Lütke participated as angel investors.
- Wabi designs artificial intelligence agents for groups rather than individual chat sessions, generating dynamic mini-apps for households, couples, and friends.
- The business was founded by Eugenia Kuyda, who previously established AI companion service Replika.
A collective approach to personal agents
Most consumer artificial intelligence products concentrate on a one-to-one conversational interface, placing a single user opposite a text box. Wabi takes a different approach by placing its agent inside group conversations, allowing friends, couples, and families to coordinate activities and make collective decisions.
According to the company’s announcement, early adopters have used the assistant to organize shared travel, manage household chores, run fitness challenges, and plan social events. The software allows several people to interact with the agent in the same thread, moving from conversation into actionable planning.
In a public launch of Wabi 2.0 on 19 October 2026, founder Eugenia Kuyda noted that important parts of daily life involve more than one person. Rather than requiring users to copy information back and forth between chat threads and standalone planning tools, the assistant acts directly within the group dialogue, securing tickets, updating shared calendars, or mapping travel itineraries.
Mini-apps and persistent memory
Central to Wabi’s platform is the ability to generate lightweight software tools on demand. Instead of forcing groups into static third-party software, the assistant creates customized mini-apps based on the context of the conversation.
These mini-apps allow families to convert meal plans into grocery lists, give couples shared restaurant checklists, or provide running clubs with route trackers. In a manifesto published on its site, Wabi describes this setup as a personal agentic operating system that adapts to an individual’s context, habits, and persistent memory.
The company argues that existing consumer software relies on rigid, one-size-fits-all applications built for broad masses. By contrast, Wabi lets users prompt the system to generate interactive widgets for iOS and Android home screens, with ongoing tasks syncing across phone and desktop environments.
Backers and founder track record
The latest funding follows early institutional support from Andreessen Horowitz, which led a $20 million pre-seed round revealed in a November 5, 2025 post by general partners Anish Acharya and Justine Moore. Acharya noted that personal software agents required a surface that went beyond standard text prompts.
Alongside lead backer IVP, existing investors Andreessen Horowitz, Forerunner Ventures, and the Amazon Alexa Fund joined the round. Several prominent software founders also backed the round as angels, including Shopify chief executive Tobi Lütke, Salesforce chief executive Marc Benioff, former Yahoo chief executive Marissa Mayer, former Twitter chief executive Dick Costolo, and musician Alex Pall.
Kuyda brings existing experience in consumer AI deployment to the startup. She previously created Replika, an AI companion platform that amassed more than 40 million registered users. Her experience with persistent conversational agents has shaped Wabi’s technical direction.
“Eugenia has a unique sense for where AI is headed and a track record of great taste in building it,” said Alex Lim, general partner at IVP.
“AI shouldn’t just save people time. It should help them spend it better, doing more of what they love, with the people they love,” Kuyda said in the funding announcement.
What happens next
Wabi plans to direct the $55 million capital injection toward product development, expanding its engineering group, and rolling out broader desktop support.
The application is currently available on Apple iOS, Google Android, and macOS, with a dedicated Windows release scheduled to launch shortly.
