Manus parent company Butterfly Effect plans to raise $100 million with a valuation of $1.5 billion
According to Science and Technology Board News, the parent company of the intelligent product Manus, Butterfly Effect, is planning a new round of financing with a target amount of $100 million and an evaluation value of $1.5 billion. According to insiders, state-owned background funds will participate in this round of financing, and the funds raised will mainly be used to expand business in the Chinese market. This move shows Butterfly Effect's emphasis on the Chinese market prospects, and also indicates that the AI intelligent product Manus will accelerate its development domestically.
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