According to sources familiar with the matter, Manus is nearing completion of its planned $500 million funding round, with its valuation potentially doubling to $4 billion. Negotiations are still ongoing, and deal terms may change. Previously, Manus' parent company Butterfly Effect secured $75 million in funding at a valuation of nearly $500 million, led by Benchmark. Additionally, Manus' founder had planned to raise $1 billion to repurchase equity and pursue a Hong Kong IPO.