Wabi Raises $55M at $1.25B Valuation to Grow Personal AI Assistant

Personal AI assistant company Wabi has raised $55 million in funding led by IVP at a $1.25 billion valuation, according to the company’s announcement dated October 29, 2026. Andreessen Horowitz (a16z), Forerunner, and the Amazon Alexa Fund also participated, alongside angel investors and founders Tobi Lütke, Marc Benioff, Marissa Mayer, Dick Costolo, and Alex Pall.

The announcement, issued with a San Francisco dateline, said the raise follows strong interest in Wabi’s recent public launch. The company said the new funding will support its continued product development and expansion.

An AI Agent With Personalized Mini-Apps

Wabi describes its product as a personal AI assistant designed for people to use together, combining an AI agent, personalized mini-apps, and shared spaces. The company positions it against assistants built for a single person typing into a single chat, and says it is betting that the next phase of personal AI will take place between people, pointing to newlyweds planning their next adventure, book clubs organizing themed nights, running groups coordinating weekend routes, and families coordinating the daily work of running a household.

According to the company, personalized mini-apps make these interactions more than one-off chats: couples can maintain a shared list of new restaurants to visit and mark them off as they go, families can share a weekly meal plan that converts into a grocery list, and friends can build trivia games for milestone birthdays or trackers for a book club. The tools can be revisited and adapted over time, and the company said Wabi also handles everyday responsibilities, from managing family schedules and helping children with homework to arranging appointments and organizing trips.

The company’s website presents the assistant as one people use together, with group chats that do more than talk, such as planning trips, booking stays, and turning jokes into games. The site says the assistant can also work proactively on tasks like bills and dinner, and that it returns outcomes in an interface matched to the situation. It offers widgets users can add to iOS and Android home screens, and says work started on a computer can be picked up on a phone, or the other way around.

In a manifesto published on its site, Wabi calls itself the first personal software platform and frames the product as a personal agentic operating system. The manifesto says its mini apps are based on a user’s taste, habits, and context, and are powered by what the company describes as a persistent memory of the user. It also argues that mainstream apps remain one-size-fits-all products made for billions of people rather than for individuals.

The announcement said that since launch, users have found creative ways to use Wabi together: friends have used it to find new bands based on their overlapping music tastes, run 30-day fitness challenges, and check in on one another during difficult periods; couples have used it to plan date nights; and individuals have used it to establish routines tied to personal goals or to get guided, step-by-step support while going through a breakup.

Founder Background and Public Launch

Wabi was founded by Eugenia Kuyda, who previously founded the AI companion platform Replika, according to the announcement.

Andreessen Horowitz said in a November 5, 2025 post authored by Anish Acharya and Justine Moore that it led Wabi’s $20 million pre-seed round. In that post, the firm described Wabi as democratizing software creation, said the product lets users generate an app from a prompt and refine it through the interface instead of working with code, and said Kuyda’s earlier company, Replika, had reached 40 million users after arriving in the companionship market years early.

On October 19, 2026, Kuyda announced the public launch of Wabi 2.0 in a post on her X account, writing that personal agents are generally limited to one person and one chat even though the important parts of life involve more than one person. She described Wabi as an agent people use together, where anyone, from a partner to a best friend to a group chat, can join a thread. Her examples included Wabi adding a school’s changed pickup time to the family calendar, finding an evening that works for two people and securing show tickets, and choosing dates, creating an itinerary, and handling bookings for a group trip.

Founder and Investor Statements

“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 announcement. She added that the company believes Wabi can become an operating system for life where people, their tools, and their AI come together.

Acharya, the a16z general partner, said in the announcement that Kuyda had been early and right about AI companions, that personal agents need more than a chat interface, and that his firm has backed her since the pre-seed.

“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. He added that Kuyda has a clear vision for how people will interact with AI that extends past the text box or command line.

The company said Wabi is available for download on iOS, Android, and Mac, with a Windows version coming soon.