Replika creator's new AI app Wabi valued at $1.25 billion after $55 million raise
The San Francisco startup's AI assistant is built for friends, couples and families to use together.
Wabi, a San Francisco startup making an AI assistant for groups of people, said Oct. 29 it raised $55 million in a round led by investment firm IVP. The deal values the company at $1.25 billion.
Wabi was founded by Eugenia Kuyda, who earlier created Replika, an AI companion app. Wabi combines an AI agent with small custom apps, which it calls mini-apps, that friends, couples and families can use together, the company said. Its examples include a couple's list of restaurants to try and a family meal plan that turns into a grocery list.
Other investors include Andreessen Horowitz, Forerunner and the Amazon Alexa Fund, plus individual backers such as Salesforce co-founder Marc Benioff and former Yahoo CEO Marissa Mayer, the company said.
"AI shouldn't just save people time. It should help them spend it better," said Kuyda, Wabi's CEO.
Wabi did not say how many people use the app. It said the money will go toward building the product and growing.