About Wabi
Wabi is a no-code platform that enables users to build AI-powered mini-applications through natural language instructions. The service supports creation of custom apps for tasks such as content generation, data analysis, and automation workflows. Berlin-headquartered Wabi integrates with leading AI models like GPT and Claude to deliver functional prototypes in minutes. Founded in 2023, the company targets developers, marketers, and small businesses seeking rapid app deployment without programming skills. Wabi operates primarily in Europe with expansion into North American markets.
Founded
2025
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Subscription
Valuation
$1.3B (Oct 2026)
Wabi Valuation
Wabi is currently valued at $1.3B, based on its undisclosed-stage round in October 2026. Read the announcement ↗
The $55M round was led by IVP, with participation from Amazon, Alex Pall, Tobias Lütke, Forerunner, Marissa Mayer and 3 other investors.
Wabi valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2026 | Undisclosed stage | $1.3B |
Wabi Funding History
Wabi has raised a total of $75M across 2 funding rounds.
Wabi's first fundraising round was a $20M pre-seed round in November 2025. The most recent completed round was a $55M undisclosed-stage round in October 2026.
Wabi funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2026 | Undisclosed stage | IVP (lead); Amazon; Alex Pall; Tobias Lütke; Forerunner; Marissa Mayer; Andreessen Horowitz; Dick Costolo; Marc Benioff | $55M | $1.3B | Wabi raised $55 million at a $1.25 billion valuation in a round announced on 29 October 2026 and led by IVP. Andreessen Horowitz, Forerunner and Amazon Alexa Fund also took part, alongside angels and founders including Tobi Lutke, Marc Benioff, Marissa Mayer, Dick Costolo and Alex Pall. The company said the new funding will support continued product development and expansion. The round follows a $20 million pre-seed led by Andreessen Horowitz in November 2025. Wabi was founded by Eugenia Kuyda, the creator of the Replika chatbot, and is based in San Francisco. It describes itself as a personal AI assistant built for life together: groups of people interact with AI agents in shared chats to plan trips, coordinate activities and make collective decisions, and the product has also been described as an agent that builds mini apps. |
| Nov 2025 | Pre-seed | Akshay Kothari; Garry Tan; Naval Ravikant; Justin Kan; Sarah Guo; Shruti Gandhi; Amjad Masad; Dongjin Seo | $20M | - | Wabi is an AI-native platform founded by Eugenia Kuyda (formerly of Replika) that democratizes software creation by enabling users to build and discover mini-apps without coding expertise. The platform functions as a network where users can access, use, and modify apps created by others, with examples including weight-lifting trackers, clip-art generators, and fasting apps. In November 2025, Wabi raised $20 million in pre-seed funding led by Andreessen Horowitz from a prominent group of angel investors including Naval Ravikant, Garry Tan, Justin Kan, Amjad Masad, Akshay Kothari, DJ Seo, Shruti Gandhi, and Sarah Guo. The company plans to use the funding primarily to build out its product team and to subsidize user acquisition while determining a monetization model; founder Kuyda has stated the platform will not include advertising to preserve user experience. Wabi's Explore page currently features recent and popular apps and is expected to become more algorithmic over time, with personalized onboarding for new users in development. |
Who has invested in Wabi?
17 investors have backed Wabi across its funding rounds, including Andreessen Horowitz, IVP, Forerunner, Amazon, Naval Ravikant and Marc Benioff.
Lead investors include IVP.
Wabi Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Nov 2025 | ||
| 1 | Lead | Oct 2026 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Oct 2026 | ||
This data is available for Pro users. Sign up to see all 17 Wabi investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialWabi Competitors
Wabi competitors include listed companies like Wondershare and Ireader, and private ones like Picsart, Yidian Zixun, Lightricks and InMobi.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $230M | ($6M) | $1.2B | 5.2x | ||
| Private | $100M | - | $1.5B | 15.0x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $487M | ($16M) | $1.6B | 3.7x | ||
| Private | $200M | - | $1.8B | 9.0x | ||
| Private | $300M | $83M | $2B | 6.7x |
Wabi Public Comps
Wabi is still privately-owned, but its public comps include Wondershare, Opera, Qt Group, Ireader, Yalla Group, Bumble, Horizon Quantum, Truecaller, Progress Software and Hello Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $230M | ($6M) | 5.1x | 5.2x | (189.1x) | (144.2x) | |||
| $615M | $141M | 2.0x | 1.7x | 8.7x | 7.5x | |||
| $242M | $60M | 4.3x | 3.9x | 17.4x | 16.0x | |||
| $487M | ($16M) | 2.8x | 3.7x | (84.6x) | - | |||
| $342M | $128M | 0.0x | 0.0x | 0.0x | 0.0x | |||
| $966M | ($793M) | 1.2x | 1.4x | (1.5x) | 4.4x | |||
| $269K | ($5M) | 2393.9x | - | (131.0x) | (31.9x) | |||
| $194M | $61M | 3.4x | 3.6x | 10.7x | 12.3x | |||
This data is available for Pro users. Sign up to see all Wabi competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Wabi
| When was Wabi founded? | Wabi was founded in 2025. |
| Where is Wabi headquartered? | Wabi is headquartered in San Francisco, CA, United States. |
| Is Wabi publicly listed? | No, Wabi is a private, VC-backed company. |
| What is Wabi's valuation? | Wabi was last valued at $1.3B in its undisclosed-stage round in October 2026. |
| How much funding has Wabi raised? | Wabi has raised $75M across 2 funding rounds. |
| What was Wabi's last funding round? | Wabi's last funding round was a $55M undisclosed-stage round in October 2026, led by IVP. |
| Who are Wabi's investors? | Wabi's investors include Akshay Kothari, IVP, Amazon, Garry Tan, Naval Ravikant, Alex Pall, Tobias Lütke, Forerunner, Marissa Mayer, Justin Kan and 7 others. |
| Which companies are comparable to Wabi? | Companies comparable to Wabi include Wondershare, Picsart, Yidian Zixun, Ireader, Lightricks and InMobi. |
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