Chinese AI Startup Manus Seeks $500 Million Financing to Double Valuation
Chinese AI startup Manus is planning to secure approximately $500 million in financing, which would double its valuation to $4 billion. This funding round marks the company's first since it was instructed by Beijing to separate from Meta Platforms. The transaction is anticipated to be finalized shortly, although insiders indicate that negotiations are still in progress and the terms may be subject to change.
If successful, this financing will position Manus as the highest-valued startup in the agent AI sector within China. The company has attracted investments from notable backers, including Tencent, HSG, and ZhenFund. Representatives from Manus and its investors have not provided comments regarding the ongoing negotiations.
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Source: KLEA News