Manus raises over $500M in new round led by IDG Capital

The size of this round, and the presence of both IDG Capital as lead and returning backers Sequoia China and ZhenFund, signals that capital is still concentrating on general-purpose AI agent platforms rather than narrower tooling. The absence of a disclosed valuation is itself notable: it leaves the pricing of the round opaque, which matters for how the company's traction gets benchmarked against peers. What's worth watching is whether that opacity persists in future rounds, and whether the agent category continues to attract this scale of late-stage conviction.