Xiao Hong

Headlines · 2

1. Oct 11
   Manus raises over $500M, reportedly at a $4B valuation

   On October 8, Manus parent Butterfly Effect announced a new funding round of more than $500 million, led by Boyu Capital and IDG Capital with existing backers Tencent, Sequoia China and ZhenFund participating; no valuation was disclosed, though Bloomberg previously reported a target of about $4 billion. It is Manus's first outside funding since it resumed independent operations on September 1, after Meta's acquisition was blocked by regulators in April and the founding team and investors bought the shares back at a $20 billion... correction: at a $20 billion figure was the buyback valuation reported by Bloomberg, with Tencent becoming the largest outside shareholder. On September 28 Manus released version 2.0 and a personal agent app, Cue; reports say its annualized revenue run rate has reached $400-500 million, though the revenue mix has not been disclosed.

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2. Oct 11
   Manus raises over $500M at reported $4B valuation after Meta deal collapse

   According to a TMTPost article, Butterfly Effect, Manus's parent company, said in an Oct. 8 announcement that it closed a new funding round of more than $500 million, led by Boyu Capital and IDG Capital, with existing backers Tencent, Sequoia China and ZhenFund following on. No post-money valuation was disclosed; the article cites late-September media reports putting it at roughly $4 billion — about double the nearly $2 billion Meta had agreed to pay before that acquisition was halted and the company returned to independent operation on Sept. 1. The article also describes the Sept. 28 launch of Manus 2.0 and the Cue personal agent app, the building of a China-focused team with domestic model partners, and ARR said to have grown from $100 million in December 2025 to a $400–500 million range by end-June 2026 — figures that were not officially confirmed.

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