AI Startup Manus Raises $500m After Meta Acquisition Blocked by China
Boyu Capital and IDG Capital led the round, with Tencent, HSG and ZhenFund joining as Manus resumes independent operations.
- On Thursday, Butterfly Effect announced that Manus raised more than $500 million in its first funding round since Meta abandoned its $2 billion acquisition of the AI-agent startup.
- Chinese regulators blocked Meta's planned acquisition last year, citing national security concerns and forcing the deal to be unwound after Meta had begun integrating Manus's team and technology.
- Boyu Capital and IDG Capital co-led the round, with existing investors Tencent, HSG, and ZhenFund also participating. Bloomberg reported the company's valuation reached $4 billion, doubling from the failed Meta deal.
- Dan Wang, China director at Eurasia Group, said the fundraising shows "the short-term fallout of the Meta case has been contained" and investors remain willing to back Manus independently.
- Manus has resumed independent operations in Singapore and unveiled Manus 2.0, an AI-agent tool built on its new in-house execution system called Cascade, positioning the startup for continued growth.
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This announcement comes only a few weeks after this company, founded in China and based in Singapore, declared that it had resumed its activities independently after having separated from Meta.
This is the first round of financing of the company after the separation with Meta. This financing shows that investors are confident in the autonomy of the startup.
AI start-up Manus raises $500m after Meta’s failed acquisition
Eurasia Group’s Dan Wang noted that the fundraising is evidence of investors' continued interest in backing Manus, despite the fall out from the Meta incident. Read more: AI start-up Manus raises $500m after Meta’s failed acquisition
AI startup Manus raises $500m after Meta acquisition blocked by China
It comes just weeks after the Chinese-developed, Singapore-based company said it had resumed independent operations after separating from the US tech giant. Manus is an agent tool that can carry out real-world tasks for users -- currently a hot sector in global tech, with AI labs racing to release personal assistants. Butterfly Effect, the parent company of Manus, said in a statement that the funding round -- the first since its founders and inv…
Manus parent Butterfly Effect completes more than $500 million funding round · TechNode
Butterfly Effect, the parent company of Chinese AI agent Manus, recently completed a new funding round of more than $500 million, the company announced on October 8. Boyu Capital and IDG Capital led the round. Existing investors Tencent, HSG and ZhenFund also participated in the financing. The announcement did not disclose the company’s valuation or […]
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