Chinese startup Manus AI, which works on building tools related to AI agents, has picked up $75 million in a funding round led by Benchmark at a roughly $500 million valuation, according to Bloomberg.The company will use the money to expand to new markets, including the United States , Japan, and the Middle East, Bloomberg noted, citing people familiar with the matter.Bloombergs report suggests that the fresh round has quintupled the valuation of Manus, which previously raised somewhere north of $10 million from backers including Tencent and HSG (formerly Sequoia China).
Manus came into the spotlight in March when the company launched a demo of a general AI agent that could complete various tasks.
(In A Technology NewsRooms testing, it didnt work quite as well as advertised.) The company later launched paid subscription plans costing between $39 per month and $199 per month.