Manus parent Butterfly Effect raises over $500M led by Boyu Capital

Manus parent Butterfly Effect announced funding of over $500M led by Boyu Capital and IDG, with Tencent, HSG and ZhenFund returning, its first disclosed raise since resuming independent operations. The reported $4B post-money valuation was not confirmed.

Manus also launched version 2.0 and the personal agent Cue on September 29, and is building a China-focused product team and partnerships with domestic model developers.