Wabi, the AI agent building mini apps, raises $55M at $1.25B valuation
In brief
- Wabi raises $55M at a $1.25B valuation, as announced on October 29, 2026.
- The startup pivots to an AI personal agent that builds mini apps via messaging.
- The AI agent market sees surging investor interest, with Instinct reaching a $10B valuation.
Wabi, an AI app now positioning itself as a “personal agent,” announced Thursday it has raised $55 million, bringing its valuation to $1.25 billion.
Founded by Eugenia Kuyda, former CEO of Replika, Wabi initially focused on enabling users to build apps through prompts. Last month, the startup shifted to an AI messenger model, aiming to generate tailored interfaces for tasks like meal planning, restaurant tracking, or fitness scheduling. The company envisions mini apps for activities such as date night planning or trivia game creation.
The funding round highlights investor enthusiasm for AI agents, a rapidly growing market with recent high-profile raises like Instinct, now valued at $10 billion. Wabi’s approach emphasizes interactions beyond text boxes, a vision praised by backers including a16z and Amazon Alexa Fund.
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