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

Wabi has raised $55 million at a $1.25 billion valuation to expand its AI assistant, which lets groups use an agent and personalized mini-apps to coordinate plans and everyday tasks. The round was led by IVP, with participation from Andreessen Horowitz, Forerunner, Amazon Alexa Fund and several individual investors, according to the company’s funding announcement.