"Meta has announced that it is acquiring the AI platform Manus. With this acquisition, Meta aims to accelerate the pace at which advanced artificial intelligence is integrated into its services. Manus is based in Singapore and attracted a lot of attention in Silicon Valley this spring with a demo of an AI agent that independently performs a variety of tasks. These include screening job applicants, planning trips, and analyzing investment portfolios."
"Financial details have not been officially disclosed, but according to sources close to the deal, Meta is paying approximately $2 billion for Manus, an amount that matches the valuation the company was seeking for its next investment round. Earlier, Reuters news agency reported a valuation of between $2 billion and $3 billion. In April, Manus raised $75 million in a financing round led by Benchmark, valuing the company at approximately $500 million."
"According to TechCrunch, the platform now has millions of users and has generated more than $100 million in annual recurring revenue. This sets Manus apart from many other AI startups that are still searching for a sustainable revenue model. Meta has indicated that Manus will continue to operate independently for the time being, while the AI agents will be gradually integrated into products such as Facebook, Instagram, and WhatsApp, where Meta AI is already available."
Meta is acquiring Singapore-based Manus to speed integration of advanced AI across its consumer services. Manus demonstrated an AI agent that independently screens job applicants, plans trips, analyzes investment portfolios, and claimed performance superior to OpenAI's Deep Research. Meta's reported purchase price is about $2 billion, matching Manus's targeted valuation; Reuters reported a $2–3 billion range. Manus previously raised $75 million in April from Benchmark at a roughly $500 million valuation, with earlier backing from Tencent, ZhenFund, and HSG. Manus reportedly has millions of users and over $100 million in annual recurring revenue. Manus will operate independently initially while its agents are gradually integrated into Facebook, Instagram, and WhatsApp.
Read at Techzine Global
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