Wabi, the AI mini‑app builder, reaches $1.25 billion valuation after latest funding round
agents
| Source: TechCrunch | Original article
AI app Wabi, a personal agent that creates mini apps, raised $55 million on Thursday, pushing its valuation to $1.25 billion.
Wabi, the AI‑driven platform that creates “mini‑apps” within a chat interface, announced on Thursday that it has closed a $55 million financing round that lifts its post‑money valuation to $1.25 billion. The round was led by venture firm IVP, and the company now brands itself as a “personal agent” designed for collaborative use, positioning the service as a shared AI assistant rather than a single‑user tool.
The raise follows a public launch that generated strong user interest, prompting Wabi to expand its offering into what it calls Wabi 2.0 – a messaging‑based agent that can generate bespoke mini‑apps on demand and host shared workspaces. Founder Eugenia Kuyda, known for creating the chatbot Replika, is steering the venture toward a broader ecosystem where AI‑generated utilities can be built and used together in real time.
The funding underscores the market’s appetite for AI agents that move beyond text‑only assistance toward functional, user‑customizable applications. By enabling non‑technical users to assemble lightweight tools on the fly, Wabi could accelerate adoption of AI‑powered productivity workflows and challenge larger platform players that still rely on static feature sets.
Going forward, investors and analysts will watch how Wabi translates its capital into product roll‑outs, user growth, and monetisation strategies. Key signals will include the rollout of the shared‑space features, integration with third‑party services, and any partnership announcements that could extend the mini‑app marketplace. The company’s ability to scale the agent’s capabilities while maintaining a seamless user experience will determine whether the $1.25 billion valuation proves sustainable in a rapidly evolving AI landscape.
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