China’s Manus raises over $500M in first funding round since split with Meta
Chinese AI lab Manus’ parent company, Butterfly Effect, said on Thursday in a WeChat post that it has raised more than $500 million, the company’s first funding round since Meta was forced to call off its $2 billion acquisition of the startup.
Boyu Capital and IDG Capital led the funding round, and existing shareholders Tencent, HSG (formerly known as Sequoia China), ZhenFund and others also participated. The AI company said it will continue hiring both at home and abroad.
Manus did not disclose its valuation, but it was last month said to be in talks with investors to raise $500 million at a $4 billion valuation.
Manus, which went viral following a demo of its AI agent last year, relocated its staff to Singapore in mid-2025 before announcinga $2 billion acquisition deal with Meta that December. The startup was said to be pulling in annual recurring revenue of over...
Copyright of this story solely belongs to techcrunch.com. To see the full text click HERE
