AI Startup Hits $100 Million Revenue in Just Nine Months

The artificial intelligence company Manus says it has reached a major financial milestone less than a year after its launch. The firm reported it has achieved over $100 million in annual recurring revenue. Manus, which creates AI agents, was founded by a Chinese team but is now based in Singapore. The company announced the figure on Wednesday, stating its total revenue run rate now exceeds $125 million. In a blog post, Manus called itself the "fastest growing start-up." The company credits its rapid growth to the release of an updated version of its technology, named Manus 1.5. "We’ve been growing at more than 20 per cent month-over-month since the release," the company stated. The news comes as global competition to develop advanced AI assistants intensifies among tech firms.