AI app Wabi raises $55 million in funding, reaching a valuation of $1.25 billion.

According to TechCrunch, AI app company Wabi, founded by Replika creator Eugenia Kuyda, has raised $55 million, reaching a valuation of $1.25 billion. This round was led by IVP, with participation from Andreessen Horowitz (a16z), Forerunner, Amazon Alexa Fund, and others, alongside individual investors such as Shopify CEO Tobi Lütke and Salesforce CEO Marc Benioff.