Tab emerges from stealth with backing for its messaging assistant
SV Angel, Valar Ventures and American Spirit backed the startup, which disclosed a $300m valuation but kept the financing size private.
Tab emerged from stealth on October 6 with a $300 million valuation and backing from SV Angel, Valar Ventures and American Spirit. The company declined to disclose the amount raised; the valuation describes the business, not the financing proceeds.
The startup is developing a consumer assistant that completes tasks through iMessage and WhatsApp. With its own computer, browser and phone number, it can make reservations, place calls and prepare purchases rather than just return instructions.
Co-founder Ammar Amdani told TechCrunch that the company was growing through word of mouth and preparing another product launch. Its challenge is to earn permission to act on a user’s behalf; the product requires approval before spending money.