Wabi Valuation, Funding & Investors

Wabi is valued at $1.3B as of October 2026.

See full Wabi profile

Last Wabi valuation

$1.3B

Undisclosed stage · Oct 2026

Last Wabi funding round

$55M

Undisclosed stage · Oct 2026

Cumulative funding Wabi raised

$75M

across 2 funding rounds

Key investors in Wabi

  • Andreessen Horowitz
  • IVP
  • Forerunner
  • Amazon
  • Naval Ravikant
  • Marc Benioff

Wabi Overview

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

United StatesSan Francisco, CA

Website

wabi.ai

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

Wabi valuation by funding round
DateStageValuation
Oct 2026Undisclosed 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

Wabi funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2026Undisclosed stageIVP (lead); Amazon; Alex Pall; Tobias Lütke; Forerunner; Marissa Mayer; Andreessen Horowitz; Dick Costolo; Marc Benioff$55M$1.3BWabi 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 2025Pre-seedAkshay 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

Investors in Wabi by funding rounds participated
InvestorHQRoundsRoleFirst check
Akshay KothariUnited StatesSan Francisco, CA1ParticipantNov 2025
IVPUnited StatesMenlo Park, CA1LeadOct 2026
AmazonUnited StatesSeattle, WA1ParticipantOct 2026
Garry TanUnited StatesSan Francisco, CA1ParticipantNov 2025
Naval RavikantUnited StatesSan Francisco, CA1ParticipantNov 2025
Alex PallUnited StatesLos Angeles, CA1ParticipantOct 2026
Tobias LütkeCanadaOttawa1ParticipantOct 2026
ForerunnerUnited StatesSan Francisco, CA1ParticipantOct 2026
Marissa MayerUnited StatesSan Francisco, CA1ParticipantOct 2026
Justin KanUnited StatesUnited States1ParticipantNov 2025
Andreessen HorowitzUnited StatesSan Francisco, CA1ParticipantOct 2026
Sarah GuoUnited StatesUnited States1ParticipantNov 2025
Dick CostoloUnited StatesSan Francisco, CA1ParticipantOct 2026

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Wabi Competitors

Wabi competitors include listed companies like Wondershare and Ireader, and private ones like Picsart, Yidian Zixun, Lightricks and InMobi.

Public and private companies comparable to Wabi
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WondershareChinaChinaPublicly listed$230M($6M)$1.2B5.2x
PicsartUnited StatesMiami, FLPrivate$100M-$1.5B15.0x
Yidian ZixunChinaChinaPrivate--$1B-
IreaderChinaChinaPublicly listed$487M($16M)$1.6B3.7x
LightricksIsraelJerusalemPrivate$200M-$1.8B9.0x
InMobiIndiaBangalorePrivate$300M$83M$2B6.7x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Wondershare$230M($6M)5.1x5.2x(189.1x)(144.2x)
Opera$615M$141M2.0x1.7x8.7x7.5x
Qt Group$242M$60M4.3x3.9x17.4x16.0x
Ireader$487M($16M)2.8x3.7x(84.6x)-
Yalla Group$342M$128M0.0x0.0x0.0x0.0x
Bumble$966M($793M)1.2x1.4x(1.5x)4.4x
Horizon Quantum$269K($5M)2393.9x-(131.0x)(31.9x)
Truecaller$194M$61M3.4x3.6x10.7x12.3x

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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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