Manus's parent Butterfly Effect raised over $500M, the largest single round for a Chinese agent startup, at a ~$4B valuation — double its prior mark. Boyu and IDG led; Tencent, Sequoia China and ZhenF

What happened: Manus parent company Butterfly Effect announced a new funding round of over $500 million, the largest single round for a domestic Agent native startup. Why it matters: The round signals global capital shifting toward Agent products that can execute and be deployed, with investors favoring startups that have global product capability and early commercialization. Manus faces competition from OpenAI and Anthropic plus open source Agent projects.

Manus parent company Butterfly Effect announced a new funding round of over $500 million, the largest single round for a domestic Agent native startup.

The round signals global capital shifting toward Agent products that can execute and be deployed, with investors favoring startups that have global product capability and early commercialization. Manus faces competition from OpenAI and Anthropic plus open source Agent projects.