Chinese AI startup Butterfly Effect, the company behind Manus AI, has raised US$75 million in a funding round led by US-based venture capital firm Benchmark.

This round boosts the company’s valuation to nearly US$500 million.

Existing investors, including Tencent Holdings, ZhenFund, and HSG, also participated in this round.

Butterfly Effect plans to use the funds to expand Manus AI’s reach into new markets, including the US, Japan, and the Middle East.