Manus AI Raises $75M Led by Benchmark to Expand AI Agent Tech
Manus AI, a Chinese startup focused on developing AI agent technologies, has reportedly secured $75 million in a new funding round. This round was led by Benchmark, valuing the company at approximately $500 million, according to sources.
Expansion Plans
The funding is earmarked for strategic expansion into new markets, including the United States, Japan, and the Middle East. This move signals Manus AI's ambition to establish a global presence in the rapidly evolving AI landscape.
Valuation Growth
This latest investment round represents a significant increase in Manus AI's valuation, reportedly quintupling its previous valuation. Prior to this, the company had raised over $10 million from investors like Tencent and HSG (formerly Sequoia China).
AI Agent Demo and Subscription Model
Manus AI gained prominence earlier this year with the demonstration of a general AI agent capable of performing various tasks. Following the demo, the company introduced paid subscription plans, ranging from $39 to $199 per month, offering access to its AI agent tools and capabilities.
Source: TechCrunch