Manus AI Stock Surges on $10M Funding and Key Hires

Manus, a company focused on artificial intelligence, has recently disclosed its funding information for the first time. The company's founder and CEO, Xiao Hong, revealed that Manus' parent company, Butterfly Effect, has successfully completed two rounds of financing, raising a total of over $10 million. The first round of funding was led by ZhenFund, which had previously invested in Xiao Hong's startup and reinvested all the funds earned from that project into Manus. The second round of funding saw participation from Sequoia China, Tencent, ZhenFund, and Wang Huiwen, indicating strong investor confidence in the company's potential.

In 2023, Manus introduced key members to its team through investor matchmaking. Ji Yichao, the former founder and CEO of Peak Labs, joined as the AI Chief Scientist, and Zhang Tao, the former Product Lead at Beyond Lightyears, became the AI Product Lead. These strategic hires are expected to enhance Manus' capabilities in artificial intelligence and drive the company's growth.

The significant funding and strategic hires underscore Manus' commitment to advancing artificial intelligence technology. With over $10 million raised and a strong team in place, the company is well-positioned to make significant strides in the AI industry. The support from prominent investors like Sequoia China and Tencent further validates Manus' potential and its role in shaping the future of artificial intelligence.