AI application Wabi announced on Thursday the completion of a new $55 million funding round, valuing the company at $1.25 billion. Wabi, which initially focused on building applications through prompt words, transitioned last month to personal AI agents, aiming to build mini-applications for users to complete various tasks. This round of financing was led by IVP, with participation from Andreessen Horowitz (a16z), Forerunner, Amazon Alexa Fund, and angel investors including Shopify CEO Tobi Lütke.