Manus Raises $500M After Failed Meta Acquisition

Chinese AI lab Manus' parent company Butterfly Effect has raised over $500 million in its first funding round since Meta's $2 billion acquisition was blocked by Chinese authorities. Boyu Capital and IDG Capital led the round, with Tencent, HSG, and ZhenFund also participating. Manus did not disclose its valuation, though it was reportedly seeking $500 million at a $4 billion valuation. The company resumed independent operations in August and is considering a Hong Kong IPO. It recently launched Manus 2.0 and a new app called Cue, which gives AI agents their own email addresses, phone numbers, and digital wallets.