❯ Manus closes a round of more than $500 million at a reported $4 billion post-money valuation, twice its previous price

The missing valuation arrivesManus parent Butterfly Effect announced on October 8 a round of more than $500 million led by Boyu Capital and IDG Capital, with existing shareholders Tencent, HongShan (Sequoia China) and ZhenFund participating again, without disclosing a valuation. LatePost reported the same day that Manus now has a post-money valuation of $4 billion.

An agent that finishes the jobManus launched in March 2025 and went viral on a demo of its AI agent. As TechCrunch describes it, the company offers a chatbot and tools for building apps and websites in natural language, and can also produce designs, presentations and video. When Meta announced its acquisition in December 2025, Manus was reportedly bringing in more than $100 million in annual recurring revenue.

The first money since going independentMeta’s purchase price was about $2 billion; the deal was not completed, the founding team and existing shareholders bought the shares back from Meta, and the company said on September 1 that it had resumed independent operations. According to SiliconStar, this is the largest single round to date in China’s AI application sector.

More cash, more runwayLatePost says Manus is the most highly valued AI application company with a China background, with the most cumulative funding and the largest cash reserves. SiliconStar notes that it released Manus 2.0 and a personal agent app called Cue on September 28, is developing a product for the Chinese market, and has opened 17 positions. Leading on cash reserves means it can outlast comparable application companies on hiring and compute.

▮ SIGNALAn application company’s valuation doubled after an acquisition that did not close; investors no longer need a big-tech buyer to anchor the price of the agent layer.