China’s Manus raises over $500M in first funding round since split with Meta
Manus says it raised more than $500 million after its blocked Meta deal ended.
Butterfly Effect said Boyu Capital and IDG Capital led the round, with Tencent, HSG, ZhenFund and others participating. Manus did not disclose a valuation, though it had reportedly been discussing a $500 million raise at a $4 billion valuation. The company resumed independent operations in August after Chinese authorities ordered the Meta acquisition unwound. It says it will keep hiring in China and abroad, and has recently launched Manus 2.0 and Cue.
TechCrunch AI's note
Butterfly Effect said Boyu Capital and IDG Capital led the round, with Tencent, HSG, ZhenFund and others participating. Manus did not disclose a valuation, though it had reportedly been discussing a $500 million raise at a $4 billion valuation. The company resumed independent operations in August after Chinese authorities ordered the Meta acquisition unwound. It says it will keep hiring in China and abroad, and has recently launched Manus 2.0 and Cue.
TechCrunch AI's note
score 9