OpenAI's textGrain Will Put an Invisible Watermark on ChatGPT Text in the EU
We test the top AI tools for writing, video, images & music — so you don't have to.
Explore AI Tools
Meta's $2 billion bid for one of AI's hottest agent startups is officially ancient history. Butterfly Effect, the parent company of AI agent startup Manus, announced Thursday it has closed a funding round of more than $500 million — its first as an independent company since Beijing forced Meta to unwind its acquisition.The deal
The round was co-led by Boyu Capital and IDG Capital, with existing investors Tencent, HSG (formerly Sequoia China) and ZhenFund also participating. Manus did not disclose its valuation, but media reports have pegged the round at around $4 billion — roughly double the $2 billion price tag Meta agreed to last December. The company has also reportedly considered a Hong Kong listing, though that would not begin before 2027.
The Meta saga
Manus went viral in 2025 after a demo of its general-purpose AI agent, relocated its staff to Singapore mid-2025, and announced the Meta acquisition that December — one of Meta's biggest deals ever. In April 2026, Beijing ordered Meta to unwind the acquisition amid tightening scrutiny of US investment in Chinese startups developing advanced AI. Manus resumed independent operations in August 2026, and said it had to delete some user data as part of the split.
What Manus makes
Manus builds general-purpose AI agents that can carry out multistep tasks — research, information gathering, document preparation, automation — with minimal human input. It also offers a chatbot and vibe-coding tools for building apps, websites, designs and presentations. The company recently launched Manus 2.0, running on its Cascade execution system, and a standalone personal AI agent app called Cue.
Why it matters
The Information reported in June that Manus's annualized revenue run rate had surged to about $500 million, up from $100 million when Meta struck the deal. The raise is one of the clearest signals yet that investors are willing to place enormous bets on independent AI agent companies — even as OpenAI, Google, Meta and Microsoft race to bake agents into their own platforms.
AiPost's take
Beijing killing the Meta deal may have been the best thing that happened to Manus. It is now worth roughly twice what Meta agreed to pay, its revenue has multiplied, and the agent wars are only heating up. Independent AI labs with real revenue and real users are having their moment.
Comments
Post a Comment