AI Startup Manus Raises Over $500 Million Following Unwound Meta Acquisition Deal

Chinese artificial intelligence startup Manus, operated by Butterfly Effect, has raised over $500 million in a new funding round co-led by Boyu Capital and IDG Capital. The round marks the company's first major capital raise since returning to independent operations after unwinding a planned acquisition by Meta Platforms Inc. valued at over $2 billion. Chinese regulators ordered Meta to reverse the transaction in April amid regulatory scrutiny. Manus, which has seen its annualized revenue run rate grow to approximately $500 million from $100 million, is currently exploring a potential listing on the Hong Kong Stock Exchange.