Meta Platforms announced on Tuesday that it has acquired Manus, a Singapore-based developer of general-purpose AI agents, as part of its ongoing large-scale investment in artificial intelligence.

Originally founded in China and later moved to Singapore, Manus introduced its first general AI agent earlier this year, capable of performing complex tasks including market research, coding, and data analysis.

The company reported achieving an annualized average revenue of over $100 million just eight months after its launch, with a revenue run rate surpassing $125 million.

Meta stated that the acquisition is intended to accelerate AI innovation for businesses and to incorporate advanced automation into both its consumer and enterprise offerings, including the Meta AI assistant.

“Manus is already serving the daily needs of millions of users and businesses worldwide … We plan to scale this service to many more businesses,” Meta said.

The companies confirmed that Manus will continue running its subscription service without interruption.

Although additional details of the acquisition were not disclosed, the Wall Street Journal reported, citing sources familiar with the deal, that the transaction was valued at over $2 billion.

The start-up reportedly laid off the majority of its Beijing staff in July and relocated its headquarters to Singapore in June as part of its plans for global expansion.

“Joining Meta allows us to build on a stronger, more sustainable foundation without changing how Manus works or how decisions are made,” Xiao Hong, CEO of Manus, said in a company release.