Parent company of Manus announces it has raised more than 500 million dollars
Butterfly Effect, the parent company of Manus, announced that it had raised more than 500 million dollars in the first funding since the acquisition by Meta was cancelled. The round was led by Boyu Capital and IDG Capital. The final valuation was not disclosed.
Butterfly Effect, the parent company of Manus, announced that it had raised more than 500 million dollars. The funding round was led by Boyu Capital and IDG Capital; existing shareholders, including Tencent, HSG and ZhenFund, also participated. This is the first funding since the acquisition by Meta was cancelled. According to its announcement, Manus plans to continue hiring at home and abroad.
An earlier report described talks to raise 500 million dollars at a valuation of 4 billion dollars, citing anonymous sources quoted by The Wall Street Journal. However, the valuation in the newly announced funding round was not disclosed. Manus resumed independent operations after the cancellation of the acquisition for 2 billion dollars, which Chinese authorities ordered to be terminated over concerns about the loss of AI talent and possible violations of export and foreign investment rules.
Why it matters
For investors and business partners, the funding status has moved from reports of talks to the announced completion of the round. However, the capital raised must not be confused with the valuation of the entire company: the previously reported 4 billion dollars remains a figure from the talks at that time, rather than a confirmed term of the completed investment.
What was added since the original report
Verified updates
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Parent company Butterfly Effect announced the completion of funding exceeding 500 million dollars.; The funding round was led by Boyu Capital and IDG Capital.; This is the first funding since the acquisition by Meta was cancelled.; The valuation in the completed funding round was not disclosed.; The company plans to continue hiring at home and abroad.
- Parent company Butterfly Effect announced the completion of funding exceeding 500 million dollars.
- The funding round was led by Boyu Capital and IDG Capital.
- This is the first funding since the acquisition by Meta was cancelled.
- The valuation in the completed funding round was not disclosed.
- The company plans to continue hiring at home and abroad.
Relevant practical impact
What this means
For a business
Manus continues to operate independently after the acquisition was terminated and, according to its announcement, intends to keep hiring at home and abroad. The documented staffing plan therefore includes continued hiring even after the sale was cancelled.
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Event sources
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