According to CNBC, AI agent startup Manus has raised more than $500 million in its first funding round since Meta was forced to abandon its acquisition of the company. Butterfly Effect, Manus' parent company, said the round was led by Boyu Capital and IDG Capital, with follow-on investment from Tencent, HSG and ZhenFund. The company did not disclose its post-funding valuation. Bloomberg reported last month that Manus was set to double its valuation to $4 billion in the financing round.

The fundraising came after Beijing blocked Meta's short-lived $2 billion acquisition, which had been aimed at integrating Manus' team and technology into Meta's system. Manus said earlier this month that it had resumed independent operations after the split and that its founding team would continue developing generative AI agents for users globally. The startup launched in early 2025 in China, later moved staff to Singapore after winning backing from Benchmark, and has since unveiled Manus 2.0 and the Cue personal-agent app.