Chinese AI Startup Manus Secures Funding from Benchmark, Achieving $500M Valuation
Chinese startup Manus AI has made headlines by securing $75 million in a recent funding round, significantly enhancing its position in the competitive landscape of AI tools. This funding, led by Benchmark, has elevated Manus AI’s valuation to approximately $500 million, according to a report by Bloomberg.
Expansion Plans for Manus AI
With the newly acquired capital, Manus AI is poised to expand its operations into new markets, including the United States, Japan, and the Middle East. This strategic move aims to broaden the company’s reach and influence in the global AI sector.
Valuation Surge and Previous Funding
The latest funding round marks a remarkable increase in Manus AI’s valuation, which has reportedly quintupled since its last funding round. Previously, the company raised over $10 million from notable investors such as Tencent and HSG (formerly known as Sequoia China).
Innovations and Product Offerings
Manus AI gained significant attention in March when it unveiled a demo of its general AI agent capable of performing various tasks. Although initial tests, such as those conducted by TechCrunch, indicated some limitations in its performance, the company has since introduced a range of paid subscription plans. These plans are priced between $39 and $199 per month.
Key Takeaways
- Manus AI raised $75 million in a funding round led by Benchmark.
- The company’s valuation has reached $500 million.
- Expansion plans target U.S., Japan, and the Middle East.
- Previously raised over $10 million from Tencent and HSG.
- Offers subscription plans ranging from $39 to $199 per month.
As Manus AI continues to innovate and expand, it remains a key player to watch in the evolving field of artificial intelligence. For more information about AI advancements, visit Forbes AI.
