Meta has just announced this week that it is acquiring Manus.
Meta's announcement
Manus's announcement
Key details:
- The acquisition of AI agent startup Manus is for a reported figure of over $2B
- Manus offers autonomous agents for tasks like deep research and coding, with the startup crossing $100M in annual revenue just 8 months post-launch
- The startup was founded in Beijing in 2022, relocated to Singapore this year, and will now cut all China operations and ownership ties
- Manus CEO Xiao Hong will join Meta's leadership under COO Javier Olivan, bringing roughly 100 employees with him
- Earlier this month, Manus said that its annual run rate has just reached $125 million, up from $90 million in August
- Launched in March, Manus uses AI foundation models from Anthropic and others to power its agent
- Butterfly Effect, a Singapore-based startup which operates Manus and founded by a group of tech entrepreneurs from China, raised $75 million in April in a funding round led by Benchmark at a valuation of $500 million
- Other backers of the start-up include Chinese venture capital firms ZhenFund and HongShan, as well as Chinese tech giant Tencent
- Todor
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Todor Kostov
Director
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