Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates that Manus hit $450M in annualized revenue in June 2026, up from $127M at the end of 2025.</li><li>Meta completed an operational split from Manus by June 11, 2026, halting data sharing, cutting Manus staff off from Meta's internal systems, and barring Meta employees from using Manus tools internally.</li><li>Manus is developing an agent-as-platform SDK that allows other companies to embed Manus workflows directly into their applications, shifting its focus from a consumer assistant to a developer platform.</li></ul>

Sacra estimates that Manus hit $450M in annualized revenue in June 2026, up from $127M at the end of 2025.Meta completed an operational split from Manus by June 11, 2026, halting data sharing, cutting Manus staff off from Meta's internal systems, and barring Meta employees from using Manus tools internally.Manus is developing an agent-as-platform SDK that allows other companies to embed Manus workflows directly into their applications, shifting its focus from a consumer assistant to a developer platform.

<ul><li>Gamma defined the text-to-slides market, but the standalone AI slides category is now collapsing into a feature across different tools & suites.</li><li>AI slides are collapsing into a feature across every AI surface, with foundation model labs, vibe coding products, design tools, and productivity suites all now generating slides natively.</li><li>Gamma, Genspark, and Manus are all responding by expanding horizontally into websites, social media assets & docs, and by going deeper vertically into research workflows that feed context into asset generation.</li></ul>

Gamma defined the text-to-slides market, but the standalone AI slides category is now collapsing into a feature across different tools & suites.AI slides are collapsing into a feature across every AI surface, with foundation model labs, vibe coding products, design tools, and productivity suites all now generating slides natively.Gamma, Genspark, and Manus are all responding by expanding horizontally into websites, social media assets & docs, and by going deeper vertically into research workflows that feed context into asset generation.

<ul><li>Foundation model companies OpenAI & Anthropic commoditized the first wave of vertical AI companies that reasoned over public data—like web PDFs, patents and earnings calls—with agentic products that browse the web, do deep research and build datasets, spurring the next wave of vertical AI companies that focus on integrating frontier models with vertical-specific workflows, embedded with proprietary telemetry that captures document diffs, user corrections & tool calls.</li><li>In highly-regulated, risk-averse industries, less than 1% of manual workflows have been replaced with AI as companies fear IP exposure through third-party models, unauditable changes to high-stakes documents, and AI-generated content they can't verify or trace back to source material, creating the opportunity for companies like Raycaster for biotech (Seed, Y Combinator) alongside bigger players like Harvey for law ($21M Series A, Sequoia) and Hebbia for finance ($30M Series A, Index Ventures).</li><li>Today&#39;s emerging vertical AI playbook: 1) embed engineers a la Palantir&#39;s forward-deployed model to build AI workflows and automate away manual processes, 2) hire domain experts as internal evaluators through a Mercor-like contractor network to tune &amp; improve outputs, and 3) capture customers’ usage data to continually improve the system.</li></ul>

Foundation model companies OpenAI & Anthropic commoditized the first wave of vertical AI companies that reasoned over public data—like web PDFs, patents and earnings calls—with agentic products that browse the web, do deep research and build datasets, spurring the next wave of vertical AI companies that focus on integrating frontier models with vertical-specific workflows, embedded with proprietary telemetry that captures document diffs, user corrections & tool calls.In highly-regulated, risk-averse industries, less than 1% of manual workflows have been replaced with AI as companies fear IP exposure through third-party models, unauditable changes to high-stakes documents, and AI-generated content they can't verify or trace back to source material, creating the opportunity for companies like Raycaster for biotech (Seed, Y Combinator) alongside bigger players like Harvey for law ($21M Series A, Sequoia) and Hebbia for finance ($30M Series A, Index Ventures).Today&#39;s emerging vertical AI playbook: 1) embed engineers a la Palantir&#39;s forward-deployed model to build AI workflows and automate away manual processes, 2) hire domain experts as internal evaluators through a Mercor-like contractor network to tune &amp; improve outputs, and 3) capture customers’ usage data to continually improve the system.

Levi Lian, CEO Of Raycaster, On Why Vertical AI Is Workflows First & Chat Last

<ul><li>Sacra estimates Manus hit $90M in annualized revenue by August 2025, just five months post-launch, with Japan, the Middle East, and the U.S. as its biggest markets.</li><li>After growing their waitlist to 2 million people a week after their demo video went viral with 1M+ views, Sacra estimates that Manus hit $90M in annualized revenue in August 2025, just five months after launch, with Japan, the Middle East, and the U.S. as its biggest geographic segments by revenue.</li><li>As foundation model labs like Anthropic and OpenAI fold agentic capabilities into unified systems, Manus risks seeing commoditized its core experience of long-running agents that can read + write + execute code across different systems.</li></ul>

Sacra estimates Manus hit $90M in annualized revenue by August 2025, just five months post-launch, with Japan, the Middle East, and the U.S. as its biggest markets.After growing their waitlist to 2 million people a week after their demo video went viral with 1M+ views, Sacra estimates that Manus hit $90M in annualized revenue in August 2025, just five months after launch, with Japan, the Middle East, and the U.S. as its biggest geographic segments by revenue.As foundation model labs like Anthropic and OpenAI fold agentic capabilities into unified systems, Manus risks seeing commoditized its core experience of long-running agents that can read + write + execute code across different systems.

United States

Autonomous AI agent that independently executes complex tasks across various domains

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Manus (MANUS US)

Primer: Manus - 19 Jun 2026

Autonomous AI agent that independently executes complex tasks across various domains

Sacra

RIP AI Slides 2022-2026

TL;DR: Gamma defined the text-to-slides market, but the standalone AI slides category is now collapsing into a feature across different tools &...

Sacra

Levi Lian, CEO Of Raycaster, On Why Vertical AI Is Workflows First & Chat Last

What is Raycaster in short and what inspired you to start the company...

Sacra

Manus At $90M/year

TL;DR: Founded in 2022, Manus launched in March 2025 as the first consumer-facing agent that combined agentic browser control, deep research, and...

Sacra

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