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

Wabi, the AI app founded by Eugenia Kuyda and now describing itself as a "personal agent," has raised $55 million at a $1.25 billion valuation. The startup originally focused on letting anyone build apps using prompts, but last month announced a pivot to become an AI messenger whose "Wabi 2.0" can build interfaces for tasks like meal planning, tracking local restaurants, planning date nights, creating fitness plans and designing trivia games. The round was led by IVP, with participation from Andreessen Horowitz, Forerunner, the Amazon Alexa Fund and angel investors including Tobi Lütke, Marc Benioff, Marissa Mayer, Dick Costolo and Alex Pall.