Funding · Oct 8, 2026
Manus parent Butterfly Effect raises over $500M in China's largest single funding for an AI Agent startup
China’s largest single financing for an AI agent startup has closed at over $500 million (RMB 3.352 billion) for Butterfly Effect, parent of Manus. Boyu Capital and IDG Capital led the round, with existing investors Tencent, Sequoia Capital China and ZhenFund participating. Foreign media had reported the company was seeking a $4 billion valuation, double its prior $2 billion. The funding follows the late-September release of Manus 2.0 and Cue, built on the Cascade framework.
Original sources (Chinese)
超33亿元！Manus拿下国内Agent创企最大单笔融资，腾讯投了Manus 新一轮融资超 5 亿美元，成为中国估值最高的 AI Agent 公司