Manus is raising $500M at a $4B valuation as it charts an independent course following the collapse of its Meta merger earlier this year.
The haptic technology company is in active fundraising discussions to secure the capital injection, signaling investor confidence despite the failed acquisition deal.
Manus, which develops glove-based haptic feedback technology for virtual and augmented reality applications, had agreed to merge with Meta but terminated the agreement earlier in 2024. The company now operates as an independent entity.
The $4B valuation represents a significant endorsement of Manus's technology and market potential. The $500M raise would provide substantial runway to expand product development, scale manufacturing, and pursue commercial partnerships beyond Meta.
The fundraise underscores continued investor interest in haptic technology as a critical component of immersive computing experiences. Manus competes in a growing sector as major tech companies invest heavily in extended reality infrastructure.
Details on the funding round's structure and participating investors have not been disclosed. The company has not provided a timeline for closing the fundraise.
Mind, an AI platform that autonomously handles data loss prevention, raised $72M in Series B funding at a $300M valuation. The round brings the company's total funding to $112M.
Khosla Ventures-backed Mazama Energy secured $135 million in funding to advance enhanced geothermal systems (EGS) technology that taps superhot rock three miles underground.
Bain Capital Ventures has secured $1.6 billion to fund early-stage companies building artificial general intelligence and the infrastructure to run it. The fund targets founders developing core AGI technologies and efficiency-focused systems.
Europe's new technology fund is in talks to invest in ElevenLabs Inc., a UK-based artificial intelligence startup. The funding would mark a significant backing for the AI company from a major European institutional investor.