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techcrunch ai · October 29, 2026

Wabi AI agent hits $1.25B valuation with $55M raise

wabi, an ai agent that builds mini apps, raised $55 million at a $1.25 billion valuation, signaling investor confidence in its new agentic approach. this impacts the ai agent market.

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wabi, an ai agent that builds mini apps, has raised $55 million at a $1.25 billion valuation. founded by eugenia kuyda, who previously founded ai companion startup replika, wabi initially focused on allowing users to build apps using prompts. it has now pivoted to become an ai messenger, or wabi 2.0, building interfaces for tasks like meal planning, tracking local restaurants, and creating fitness plans. this new direction has garnered support from investors, including ivp, andreessen horowitz, and amazon alexa fund. the funding round suggests that investors believe in wabi's potential in the hot ai agent market.

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