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

Butterfly Effect, the company behind AI agent startup Manus, said that it has closed a funding round of more than $500 million.

This would be the first raise since Meta’s $2 billion-plus purchase of Manus was undone on Beijing’s orders.

Boyu Capital and IDG Capital led the round. Existing investors Tencent, HSG (formerly Sequoia China), and ZhenFund also took part.

The announcement did not give a valuation or say how the money will be used, Chinese business outlet Yicai reported.