BetterYeah AI, a prominent player in China’s enterprise AI sector founded by former Alibaba executives, said on Wednesday it had completed its latest financing round with contributions from Alibaba Cloud and venture firms Maintrend Capital and Foresight Capital. Alibaba owns the South China Morning Post.

It marked the “largest single investment deal” in the AI agent market, the start-up said.

AI agents are programs that are capable of autonomously performing tasks on behalf of a user or another system. Essentially, these agents create a plan of specific tasks and subtasks to complete a goal using available resources.

These AI applications are increasingly seen as the future of business automation. While many start-ups focus on consumer AI agents, BetterYeah AI develops enterprise AI agents that help streamline office operations and management, such as in online client services.