Wabi Raises $55 Million at a $1.25 Billion Valuation for Its Shared AI Agent

Wabi has raised $55 million in a funding round led by IVP, valuing the personal AI company at $1.25 billion. The company says the new capital will fund product development and expansion as it builds an AI agent designed for people to use together. The announcement lists Andreessen Horowitz (a16z), Forerunner and Amazon Alexa Fund among the other participants, along with individual investors and founders including Tobi Lütke, Marc Benioff, Marissa Mayer, Dick Costolo and Alex Pall.