Manus $500M Funding Round Shows China's Rules for AI Capital
Manus parent Butterfly Effect raised over $500M from Boyu, IDG, Tencent and others, its first round since Beijing forced Meta to unwind its $2B acquisition.
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Manus parent Butterfly Effect raised over $500M from Boyu, IDG, Tencent and others, its first round since Beijing forced Meta to unwind its $2B acquisition.
CoreWeave shares fell about 4-7% on Oct. 14. Investors are still absorbing a 35M-share ATM program and a $3.7B convertible notes deal priced in September.
AI took most Q3 2026 venture capital and over half of deals at every stage, while top-10 megadeal concentration fell to 25% from 44% in Q2.
Nous Research raised a $90M Series B led by Robot Ventures at a $1.5B valuation and launched Hermes for Businesses, an enterprise AI agent product.
EliseAI reportedly raised a $350M Series F at a $4B valuation to expand AI automation for property leasing and healthcare admin workflows.
Manus parent Butterfly Effect raised over $500M at about a $4B valuation, a China AI-app record, months after Beijing blocked Meta's acquisition.
Outmarket raised $34.5M at a $335M valuation, outpacing the total funding of named rivals FurtherAI ($30M) and Fulcrum ($25M) as insurance AI money surges.
Supabase raised $150M in a GIC-led round with CapitalG and is acquiring Turso to build databases for AI agents, which create 70% of its new databases.
Anthropic is reportedly targeting a pre-Thanksgiving IPO at a $1.8T–$2T valuation, double its $965B May round, as critics call the price unrealistic.
Manus's parent raised over $500M co-led by Boyu Capital and IDG at a reported $4B valuation, weeks after China forced Meta's $2B acquisition to unwind.
Only 19 European VC-backed firms listed in 2025, so investors are turning to secondary share sales as AI mega-rounds pile up unicorns with no exit route.
Sovereign wealth funds like GIC, QIA, Temasek and MGX co-led Anthropic's $30B and OpenAI's $122B raises as Nvidia steps back from AI mega-checks.
Nous Research raised a $90M Series B led by Robot Ventures at a $1.5B valuation and is bringing its open source Hermes Agent to business users.
Manus parent Butterfly Effect raised over $500M led by Boyu and IDG after Beijing forced Meta to unwind its $2B+ acquisition, now seeking a ~$4B valuation.
Valor Equity Partners and Atreides Management run a $780M 2025-vintage AI fund backing Bedrock Robotics, Heron Power and others amid big AI rounds.
The US Treasury is reviewing Benchmark's $75M Manus AI investment, and Benchmark is sitting out a new $500M round led by Chinese backers like Tencent.
Mecka AI raised a $60M Series B led by Sequoia, with Nvidia, M12, Qualcomm and Samsung joining, to scale human-motion data capture for training robots.
River AI raised $1.1B across Seed and Series A, led by General Catalyst and AMP PBC, to build an open platform for training and owning custom AI models.
EliseAI raised $350M at a $4B valuation, nearly double its 2025 mark, led by a16z and Bessemer with Ontario Teachers' joining, to expand AI in housing and
EliseAI, fresh off a $350M round at a $4B valuation, is entering specialty healthcare through Nextech's EHR platform alongside rival Assort Health.