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Manus parent Butterfly Effect raises more than $500 million after Meta exit

Butterfly Effect, the parent of Singapore-headquartered AI agent startup Manus, has raised more than $500 million after unwinding its Meta acquisition.

ByteDance AI drug discovery spin-off Anew Labs raises $290M at $1.5B valuation

Anew Labs, ByteDance’s AI drug-discovery spin-off, has raised $290 million in its first external round at a valuation of about $1.5 billion.