AI NewsWaveManus Raises More Than $500 Million After Meta Acquisition Falls Through
Key points
- Manus raises $500 million in first round since going independent
- Chinese authorities blocked Meta's $2 billion acquisition
- Bowie Capital and IDG Capital lead the investment
The AI agent startup Manus raised more than $500 million (about 670 billion won) in its first funding round since its acquisition deal with Meta fell through. Manus's parent company, Butterfly Effect, disclosed this on Oct. 8 (local time).
AI Times reported that Manus turned to an independent path after Chinese authorities blocked Meta's acquisition, valued at $2 billion (about 2.6 trillion won). Platum explained that this is the first investment after going independent, following the withdrawal of Meta's acquisition due to a decision by Chinese authorities.
Digital Today, citing CNBC, reported that the private equity firm Bowie Capital and the venture capital firm IDG Capital led the round.