Wabi's AI Agent App Hits $1.25B Valuation After New Round
Wabi, an AI app that calls itself a personal agent, announced it has raised $55 million. The round puts the company at a $1.25 billion valuation. The app is built to make mini apps for users, based on its own description. The announcement came on Thursday.
Quick glossarypersonal agent, valuation
- personal agent
- An AI helper that does tasks, such as building small apps, for one person on their behalf.
- valuation
- The total price investors place on a company, based on what they think it is worth.
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