SAN FRANCISCO, Nov. 1, 2026 | Wabi, the shared-chat AI startup from Replika founder Eugenia Kuyda, has raised $55 million at a $1.25 billion valuation in a round led by IVP, according to RuntimeWire. The funding was announced on October 29, ten days after the company launched its app to the public, per AI Weekly.
Who Backed the Round
Andreessen Horowitz, Forerunner and the Amazon Alexa Fund also participated, with angel investors including Tobi Lütke, Marc Benioff, Marissa Mayer, Dick Costolo and Alex Pall, according to AI Weekly. Tech Funding News puts Wabi's total funding at about $75 million including this round. That figure includes a $20 million pre-seed led by Andreessen Horowitz in November 2025, per Value Add Pulse.
What Wabi Does
Wabi is a messenger with a personal AI agent that builds interfaces on demand, such as meal plans, restaurant trackers and fitness plans. Users can run separate threads for different goals and share them in group chats, where the agent and user-built mini-apps help coordinate things like dates, meals and trips.
The product began as an app builder that created simple apps from text prompts. Tech Funding News reports Wabi 2.0 relaunched on September 28, 2026, and the public launch followed on October 19 for iOS, Android and Mac, with Windows to follow. It describes the app as free to use with no clear business model yet.
Analysis: What the Numbers Show
Using the reported figures, $55 million at a $1.25 billion valuation equals about 4.4% of the company if the valuation is post-money, which the coverage does not specify. A $1.25 billion valuation is also roughly 16.7 times the roughly $75 million raised in total.
None of the coverage we reviewed discloses user counts, revenue or retention for Wabi. The valuation therefore reflects investor expectations rather than published usage data. For other young companies reaching similar valuations, see our list of the top AI startups in 2026.
Frequently Asked Questions
What is Wabi?
Wabi is an AI messenger founded by Replika creator Eugenia Kuyda. It pairs a personal AI agent with user-built mini-apps that can be shared in group chats to coordinate plans such as meals, dates and trips.
Who led Wabi's $55 million round?
IVP led the round at a reported $1.25 billion valuation. Andreessen Horowitz, Forerunner and the Amazon Alexa Fund also participated, along with several angel investors.