Key facts
- Wabi raised $55 million in its latest funding round.
- The company is now valued at $1.25 billion.
- Wabi aims to build mini-apps for tasks like meal planning and fitness.
- Instinct, a rival AI agent, was valued at $10 billion in September.
Wabi, an AI agent startup, announced on Thursday that it has secured $55 million in a funding round, achieving a valuation of $1.25 billion. The company, founded by Eugenia Kuyda, previously founded the AI companion startup Replika. Wabi is pivoting to focus on its role as a personal AI agent that can build interfaces and mini-apps for users, such as those for meal planning or fitness tracking. Investors, including IVP, Andreessen Horowitz, and Amazon Alexa Fund, see potential in Wabi's new direction, especially given the current market interest in AI agents.