Wabi raises $55M at a $1.25B valuation for its group AI assistant

Replika founder Eugenia Kuyda raised $55M led by IVP, one month after steering Wabi from app-making toward shared AI conversations.

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Primary source: PR Newswire Business Technology

Why it matters

Kuyda has shifted Wabi from consumer app creation to shared AI coordination, backed by a $55 million round. The financing is substantial; user, retention and revenue figures that would show whether the new group-chat model is working were not included in the announcement.

Four people sit and chat in a glass-walled lounge; one holds a smartphone, with a black circle design and “RW” visible behind them.

Eugenia Kuyda raised $55 million for Wabi at a $1.25 billion valuation as Wabi builds an assistant designed to work across group conversations.…

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