Wabi raises $55M at a $1.25B valuation days after launch

Your move: Wabi remains a free download on iOS, Android and Mac.

Wabi has raised $55 million led by IVP at a $1.25 billion valuation, ten days after opening its personal agent to everyone. Andreessen Horowitz, Forerunner and the Amazon Alexa Fund joined, alongside angels including Shopify's Tobi Lutke and Salesforce's Marc Benioff.

Why it matters

Investors are paying up for Wabi's pivot from prompt-built mini apps to a personal agent. The catch: the announcement is about the balance sheet, not new features.

Source: TechCrunch ↗

Published by Agent Log. The summary reports the linked source; “Why it matters” and the verdict are Agent Log's interpretation.

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