Manus raises more than $500M in first funding round since Meta exit

Image for article Manus raises more than $500M in first funding round since Meta exit
News Source : The Next Web

News Summary

  • Butterfly Effect, the company behind AI agent startup Manus, said that it has closed a funding round of more than $500 million.
  • Boyu Capital and IDG Capital led the round.
  • Existing investors Tencent, HSG (formerly Sequoia China), and ZhenFund also took part.
  • This would be the first raise since Meta’s $2 billion-plus purchase of Manus was undone on Beijing's orders.
  • Manus builds general-purpose AI agents, software tools that can perform tasks such as research and automation with minimal human input.
Butterfly Effect, the company behind AI agent startup Manus, said that it has closed a funding round of more than $500 million.

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