Wabi Secures $55M in Funding Led by IVP

Wabi, a San Francisco, CA-based provider of a personal AI assistant, raised $55M in funding at a $1.25B valuation.

The round was led by IVP with participation from Andreessen (a16z), Forerunner, Amazon Alexa Fund, and angels and founders Tobi Lütke, Marc Benioff, Marissa Mayer, Dick Costolo, and Alex Pall.

The company will use the funds to support product development and business expansion.

What is Wabi?

Wabi is building a personal AI assistant designed to help people manage everyday activities and spend more time on shared interests. Unlike traditional AI assistants that mainly respond to individual chat requests, Wabi focuses on helping groups of people plan and work together.

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The platform combines an AI agent, personalised mini-apps, and shared spaces. Users can use it to coordinate family schedules, plan trips, organise events, manage fitness goals, and handle everyday responsibilities.

Its mini-apps allow users to turn ideas into tools they can revisit and update. For example, couples can maintain a list of restaurants they want to visit, families can create shared meal plans and grocery lists, and friends can organise book clubs or fitness challenges.

How Much Funding Has Wabi Raised?

Wabi has raised $55 million in its latest funding round at a valuation of $1.25 billion.

The company has not disclosed its total funding raised to date or details of previous funding rounds.

Who Invested in Wabi’s Funding Round?

The latest funding round was led by IVP.

Other participating investors include:

• Andreessen Horowitz (a16z)
• Forerunner
• Amazon Alexa Fund
• Tobi Lütke
• Marc Benioff
• Marissa Mayer
• Dick Costolo
• Alex Pall

Why the Funding Matters

Wabi will use the new capital to continue developing its AI assistant and expand its business.

The investment will support improvements to its AI capabilities, shared collaboration features, and personalised mini-apps as the company develops its platform for group activities and everyday tasks.

Who founded Wabi?

Wabi was founded by Eugenia Kuyda. The company is based in San Francisco, California.

"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," said Eugenia Kuyda, founder and CEO of Wabi. "We believe Wabi has the power to become an operating system for life, a place where your people, your tools, and your AI come together to help you do more of what matters.

"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. "She has a clear vision for how people will interact with AI, one that goes far beyond the text box or command line.

Market and Business Growth

Wabi says users have adopted the platform for a range of shared activities. Friends have used it to discover music, organise fitness challenges, and plan group activities. Couples have used it to plan date nights, while families have used it to coordinate schedules and meal planning.

The company has not disclosed user numbers, revenue, or other business performance figures in its funding announcement.

What Happens Next?

Wabi plans to continue developing its personal AI assistant and expand its platform. Its focus remains on combining AI assistance, shared spaces, and personalised mini-apps to help people coordinate everyday tasks and activities.

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