Wabi Raises $55 Million, Valued at $1.25 Billion

Wabi Inc. has completed a $55 million financing round, achieving a valuation of $1.25 billion. This round was led by IVP, with participation from Andreessen Horowitz, Amazon Alexa Fund, and Forerunner Ventures. The funds will be used to develop software that allows multiple users to interact with AI agents, coordinate activities, and make collective decisions. Wabi was founded by Replika founder Eugenia Kuyda and is headquartered in San Francisco. The product is positioned as a personal AI assistant for multiple users, combining AI agents, personalized mini-apps, and shared spaces. Angel investors participating in this round include Shopify CEO Tobi Lütke, Salesforce CEO Marc Benioff, former Yahoo head Marissa Mayer, former Twitter CEO Dick Costolo, and Alex Pall. The new funding will be used for product development and business expansion, with the product currently available on iOS, Android, and Mac.

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