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Manus restarts Beijing office and completes over $500 million financing

2 reports 2 reporting sources 22 days agoNew

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Manus's parent company Butterfly Effect said in a WeChat announcement that it has completed over $500 million in financing. This is its first funding round after Meta was forced to cancel a $2 billion acquisition, led by Boyu Capital and IDG Capital, with participation from existing shareholders including Tencent, HSG, and ZhenFund.

From TechCrunch · AI

Latest development10/8 21:20 (UTC+8)
Manus's first funding round after splitting from Meta exceeds $500 millionTechCrunch · AI

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10/8
  1. TechCrunch · AI
    Manus raises more than $500 million in its first financing round since splitting from Meta

    Manus parent company Butterfly Effect said in a WeChat announcement that it had raised more than $500 million. This is its first financing round since Meta was forced to cancel its $2 billion acquisition. The round was led by Boyu Capital and IDG Capital, with existing investors including Tencent, HSG, and ZhenFund participating.

  2. 量子位
    Manus reopens its Beijing office and lists 17 roles

    Manus parent Butterfly Effect recently raised more than $500 million in a new round led by Boyu Capital and IDG Capital, with continued support from Tencent, Sequoia China, and ZhenFund. Manus is rebuilding its team to develop AI agent products for the Chinese market.

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