Manus raises more than $500 million after Meta exit
META•Butterfly Effect, Manus’ parent company, said it completed a funding round of more than $500 million as Manus resumed independent operations after unwinding Meta’s acquisition of more than $2 billion.
1. Funding round completed
Butterfly Effect said the round was co-led by Boyu Capital and IDG Capital. Existing investors Tencent, Sequoia China and ZhenFund also participated.
2. Manus resumes independence
Manus develops general-purpose AI agents that can autonomously perform tasks such as research and automation with minimal human input. Beijing ordered Meta to unwind its acquisition in April, and Manus said in August it would resume independent operations and delete some user data as part of its separation from Meta.
3. Revenue and structure
A June report said Manus’ annualized revenue run rate had risen to about $500 million from $100 million when Meta acquired it, and that the company was considering a joint-venture structure incorporated in China that could pave the way for a Hong Kong listing.
