Sectors
Foley & Lardner LLP represented Wabi, a new kind of personal AI assistant built for life together, in their $55 million funding, bringing the company’s valuation to $1.25 billion. The round was led by IVP, with additional participation from Andreessen (a16z), Forerunner, Amazon Alexa Fund, and top angels and founders including Tobi Lütke, Marc Benioff, Marissa Mayer, Dick Costolo, and Alex Pall.
Wabi is an AI assistant designed to help people do more of what they love with the people they love. Combining multiplayer collaboration, personalized mini-app creation, and proactive AI assistance, Wabi helps people coordinate plans, manage everyday life, and create shared experiences. The new funding will support Wabi’s continued product development and expansion.
The Foley team was led by partner Brian Wheeler and included senior counsel Scott Lin, as well as associates Wesley Choi and Rachel Horewitz.
