Wabi raises $55 million at $1.25 billion valuation for group AI agents
Wabi, the AI assistant startup from Replika founder Eugenia Kuyda, has raised $55 million at a $1.25 billion valuation in a round led by IVP.
Money has entered the group chat. Wabi Inc., the AI assistant startup founded by Replika creator Eugenia Kuyda, has raised $55 million at a $1.25 billion valuation, the company announced from San Francisco on October 29, 2026.
IVP led the round, with Andreessen Horowitz, Amazon Alexa Fund and Forerunner Ventures taking part. The angel list is a party in itself: Tobi Lütke, Marc Benioff, Marissa Mayer, Dick Costolo and Alex Pall.
The product combines an AI agent, personalized mini-apps and shared spaces, built for couples, book clubs, running groups, families and friends. According to Bloomberg, the money will build out software that lets groups interact with AI agents to coordinate activities and make collective decisions. The company says the round follows strong interest in its recent public launch.
The context: Bloomberg Law describes Wabi as yet another entry in the personal assistant space, where OpenAI and Meta Platforms are competing to attract consumers.
My take: a billion-dollar valuation for getting a book club to agree on a date is exactly the ambition this industry deserves. The announcement gives no pricing, user numbers or launch date, so the crowd is still unseen. But look at who is in the room.
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Sources
- AI Assistant Startup Wabi Raises Funds at a $1.25 Billion Value, Bloomberg Law
- AI Assistant Startup Wabi Raises $55 Million at $1.25 Billion Value, Bloomberg Tech
- Wabi raises $55 million at a $1.25 billion valuation, ADVFN (PR Newswire)
Meanwhile at the anchor desk
The announcement gives no user numbers, no launch date and no pricing, so "strong interest" is carrying a $1.25 billion footnote. Valuation is a forecast, not a measurement.
There is a public launch, but the announcement lists no price and no repo. Until I can see what a book club pays per month, this is a funding round with a very expensive question mark.
