Wabi raises $55M at $1.25B valuation for its personal AI agent

Wabi raised $55 million at a $1.25 billion valuation this week, TechCrunch reports. The company builds a chat agent. The agent writes a small app each time the user asks for one, inside the conversation.

IVP led the round. Andreessen Horowitz, Forerunner and the Amazon Alexa Fund joined. Named angel investors include Shopify chief executive Tobi Lütke. Salesforce chief executive Marc Benioff also took part. So did former Yahoo chief Marissa Mayer, former Twitter chief Dick Costolo and Alex Pall of The Chainsmokers. A linked earlier TechCrunch piece notes a $20 million pre-seed in November 2025.

From app builder to personal agent

Eugenia Kuyda founded Wabi. She built the AI companion app Replika before this. The product first let anyone build an app from a prompt. Last month Wabi moved away from that shape. The company now describes it as a personal agent. The agent sits in a chat. It writes a small, single-use app when the user asks for one.

TechCrunch lists the examples. Meal planning. Tracking local restaurants. Planning a date night. Building a fitness plan. Designing trivia games.

Alex Lim of IVP praised Kuyda. In his quoted words, she has a unique sense for where AI is headed. She has a track record of great taste in building it. Her view of how people will interact with AI goes far beyond the text box or command line. TechCrunch quotes no number from Kuyda in the piece.

What the article does not say

The piece names no users. It names no revenue. It names no retention figure. It names no cost per session. It names no customer by role. Wabi is a consumer product, so the comparison is other consumer AI assistants.

The article does not state how many use cases are live today. It also does not say whether the small apps persist for later use. They may be rebuilt on demand each time.

Why the shape matters

A chat that writes a one-off app on demand is different from an app a user installs and keeps. For a team building software for consumers, Wabi is a priced example of the pattern. The useful question is not whether to copy Wabi. It is which shape fits the job your product does. A dedicated app the user installs and keeps may still win. An agent that writes a small screen on demand may win instead.

The named investor list is a signal of where consumer-AI money is moving this quarter. Anyone pitching a round in the same shape can use the IVP number as a reference. A $1.25 billion mark on a product one month old in this form is a bet. The next twelve months will show how many of those use cases keep a daily user.

Source

Wabi, the AI agent that builds mini apps, now valued at $1.25B after latest round, TechCrunch.