Wabi Raises $55 Million for Shared AI Assistant

Wabi says it raised $55 million at a $1.25 billion valuation in a round led by IVP, with funding intended to support product development and expansion. Its assistant combines shared conversations with customizable mini-apps for activities such as planning meals, trips, and group events.

• Wabi announced a $55 million funding round led by IVP at a $1.25 billion valuation; Andreessen Horowitz, Forerunner, Amazon Alexa Fund, and individual investors also participated.· 2 sources
• The company describes Wabi as an AI assistant people can use together, with shared spaces and customizable mini-apps for tasks such as family meal planning, group fitness challenges, and trip organization.· 2 sources
• Wabi says the funding will support product development and expansion; its assistant is available on iOS, Android, and Mac, with a Windows version planned.· 1 source