Manus Seeks $500 Million at $4 Billion Valuation After Beijing-Ordered Meta Split
Summary
Manus seeks $500 million at a $4 billion valuation in its first funding round since Beijing ordered the Chinese-founded AI startup to split from Meta Platforms, with negotiations still underway.
Key Points
- Manus plans a $500 million funding round that would value the Chinese-founded AI startup at $4 billion, its first raise since Beijing ordered its split from Meta Platforms.
- The round is expected to close soon, though negotiations continue and the terms may change.
- Manus' existing backers include Tencent Holdings, HSG and ZhenFund, while the identities of new investors remain unclear.