Wabi raises $55M at $1.25B valuation for personal AI assistant

Wabi said the $55 million will fund continued product development and expansion of its personal assistant. IVP led the round, with Andreessen Horowitz, Forerunner and the Amazon Alexa Fund also taking part. Angel investors and founders Tobi Lütke, Marc Benioff, Marissa Mayer, Dick Costolo and Alex Pall joined as well. The company did not publish revenue figures with the announcement. The $1.25 billion valuation comes from the company's own October 29 announcement, issued from San Francisco. The raise came shortly after Wabi opened its assistant on iOS, Android and Mac, so the round tracks consumer interest that followed that launch rather than a disclosed usage milestone. For founders building consumer AI, the round shows how a product launch can convert into a priced financing within weeks. Builders should note that the company's headline metrics were absent, so investors appear to have priced on adoption momentum and team quality.