Prime Highlights:
- Meta has acquired Singapore-based tech firm Manus to expand automation and innovation across its consumer and business platforms.
- The acquisition reflects Meta’s continued focus on securing advanced technology and skilled talent to accelerate its long-term growth in artificial intelligence.
Key Facts:
- Manus reported annualized average revenue of over $100 million within eight months of launch, with a revenue run rate exceeding $125 million.
- The company will continue offering its subscription services without disruption following the acquisition.
Background:
Meta Platforms has acquired Manus, a Singapore-based developer of general-purpose AI agents, marking another major step in the company’s aggressive expansion into artificial intelligence. While the financial terms of the deal were not officially disclosed, reports indicate the acquisition value exceeded $2 billion.
Meta said the acquisition is aimed at strengthening automation across its consumer and enterprise products, including the Meta AI assistant, as the company continues to invest heavily in advanced AI technology and talent. Manus will continue operating its subscription-based services without disruption, according to statements from both firms.
Founded originally in China before relocating its headquarters to Singapore, Manus launched its first general AI agent earlier this year. The platform can handle complex tasks like market research, coding, and data analysis. The company has gained rapid attention worldwide, reporting annualized average revenue of over $100 million within eight months of launching, with its revenue run rate crossing $125 million.
In a statement, Meta said Manus is already serving millions of users and businesses worldwide and will help accelerate AI innovation across its products. Manus chief executive Xiao Hong said joining Meta would allow the company to scale on a stronger foundation while maintaining its operational independence.
The acquisition comes as Meta continues to secure specialized AI start-ups to strengthen its broader AI strategy, including the development of its open-source Llama large language models. Earlier this year, Meta invested $14.3 billion in Scale AI and acquired AI-wearables start-up Limitless as it expands into AI-powered devices.
Manus has previously attracted significant interest from major technology firms. Microsoft began testing its AI tools on Windows 11 PCs in October, allowing users to build websites from local files. The start-up has also processed more than 147 trillion tokens of data and supports over 80 million virtual computing environments.
Backed by investors including Benchmark, Tencent, and HongShan Capital Group, Manus raised $75 million in a Series B funding round in April. The company had been seeking fresh funding at a $2 billion valuation before Meta approached it, according to reports.
With Manus employees joining Meta’s AI teams, the deal underscores Meta’s determination to remain competitive in the fast-evolving global AI landscape.
