Chinese AI startup Manus reportedly gets funding from Benchmark at $500M valuation

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Chinese language startup Manus AI, which works on constructing instruments associated to AI brokers, has picked up $75 million in a funding spherical led by Benchmark at a roughly $500 million valuation, in line with Bloomberg.

The corporate will use the cash to broaden to new markets, together with the U.S., Japan, and the Center East, Bloomberg famous, citing individuals conversant in the matter.

Bloomberg’s report means that the recent spherical has quintupled the valuation of Manus, which beforehand raised someplace north of $10 million from backers together with Tencent and HSG (previously Sequoia China).

Manus got here into the highlight when the corporate launched a demo of a basic AI agent that might full varied duties in March. (In TechCrucnh’s testing, it didn’t work fairly in addition to marketed.) The corporate later launched paid subscription plans costing between $39 per 30 days and $199 per 30 days.

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