The company was only established for two days, and IDG was eager to transfer funds. Who is he?

When a company announces the completion of a multi - million - dollar angel round of financing just three days after its industrial and commercial registration, the capital market is voting with real money, betting on a future where "AI takes over mobile phones."

On March 6, 2026, just two days after the company's establishment, Infinite Here (Shanghai) Intelligent Technology Co., Ltd. officially announced the completion of a $10 million angel round of financing. The list of investors is quite impressive, including established top - tier US dollar funds like IDG Capital and Step Star, one of the "Six Dragons" in the field of large AI models.

What's even more striking is that this newly established company, with a valuation of over $100 million, has not yet released any products. It is targeting a track that is still in the concept - verification stage - the GUI Agent mobile phone.

From Alibaba to ByteDance Doubao, a 90s entrepreneur's third venture

To understand the logic behind this lightning - fast financing, we must first get to know the founder, Qi Junyuan.

He is a highly representative " 90s serial entrepreneur " in the new - generation Chinese startup circle.

In 2011, Qi Junyuan, who was in his junior year at Shanghai Jiao Tong University, launched his first entrepreneurial venture. He partnered with his classmates to start a health record management project.

At that time, the project received a $250,000 angel investment and a team of 30 was formed. However, it was abandoned due to the immature online medical market environment at that time.

After giving up this project, he quickly adjusted his entrepreneurial direction and launched the enterprise collaboration software Teambition in the same year. This tool, positioned for lightweight team collaboration, happened to catch the eve of the explosion of the SaaS industry.

From 2013 to 2015, Teambition received multiple rounds of financing from Gobi Partners, IDG Capital, Pangu Ventures, and Northern Light Venture Capital. In 2015, its iPhone app was named the best app of the year by Apple. In 2016, it even received strategic investment from Tencent.

In 2019, Alibaba acquired Teambition in full for approximately $100 million. Qi Junyuan then joined Alibaba and served as the head of Alibaba Cloud Disk (at the P9 level), leading the official launch of the product in 2021.

However, his story didn't end with a "retired life after achieving financial freedom."

In January 2023, Qi Junyuan chose to join ByteDance and served as the vice - president of the Feishu product, reporting directly to CEO Xie Xin.

One year later, he transferred to the ByteDance AI department, Flow, and was in charge of the PC version of Doubao - one of the most core products in ByteDance's large - model application layer.

However, in November 2025, after a series of reorganizations of ByteDance's AI business lines, Qi Junyuan chose to leave. According to media reports, he may not have had a clear entrepreneurial plan at that time.

However, things took a turn four months later. Infinite Here was established and quickly finalized a multi - million - dollar financing.

From Teambition to Alibaba Cloud Disk, and then to ByteDance Doubao, Qi Junyuan's resume almost covers the three best product positions in the Chinese Internet: collaborative office, cloud storage, and large - model applications.

This product experience spanning SaaS, cloud computing, and AI is extremely rare in the current entrepreneurial environment.

More importantly, he witnessed the entire cycle of Teambition from scratch and from development to acquisition. The quality of this "all - around" entrepreneur is the core reason why top - tier institutions like IDG Capital dared to place a heavy bet in the angel round.

It sends a clear signal: the scarcity of top - notch entrepreneurs is pushing the competition for early - stage investment forward to before the company's registration.

A "good start" for entrepreneurs from the ByteDance ecosystem in 2026

Qi Junyuan's Infinite Here is not an isolated case.

If we extend the time window to the first 10 days of February - March 2026, you'll find an interesting phenomenon: Entrepreneurs with a ByteDance background are collectively experiencing a financing boom.

That is, within just a 40 - day window, according to IT Juzi data, at least 9 companies with a ByteDance background have announced financing -

Source: IT Juzi

At the beginning of March, Mujian, an AI interactive entertainment platform, received a multi - million - dollar financing. The founder previously worked in ByteDance's education line and was also a former co - founder of LiblibAI.

In February, Wu Dezhou, the former president of ByteDance's Xingshi Laboratory, founded an AI sports glasses manufacturer called "Salute to the Unknown," which completed a Pre - A round of financing of over $10 million.

This model of "senior executives leaving large companies - starting a business at lightning speed - being snapped up by top - tier capital" is becoming the new normal in the AI track.

ByteDance, as one of the companies with the highest density of AI talents in China, is experiencing a wave of "entrepreneurial exodus" among its internally - trained AI product managers, algorithm engineers, and hardware leaders.

The capital market has also responded without hesitation: as long as the resume is strong enough, the direction is new enough, and the team is strong enough, the valuation ceiling in the angel round is being continuously broken.

Behind the lightning - fast financing, what is the GUI Agent mobile phone?

In addition to the founder's past successful entrepreneurial resume and the endorsement of working in a large company, if we focus on the business itself, what kind of opportunity could make venture capitalists decide to place a bet within 48 hours of a startup's establishment?

According to public information, Infinite Here's entrepreneurial direction is the GUI Agent mobile phone - an intelligent terminal form that allows AI to understand and operate the mobile phone's graphical interface and directly complete tasks between different applications.

Simply put, this is no longer the chatbot model of "you ask, AI answers." Instead, AI can "understand" the buttons, menus, and interface elements on the screen and click, slide, and input like a human, autonomously completing complex operations from booking air tickets to filling out forms.

This direction is in line with the idea of "Doubao mobile phone" previously explored by ByteDance.

As the former head of the PC version of Doubao, Qi Junyuan clearly has in - depth knowledge of this technical path.

Step Star, as one of the main investors in the angel round, will provide Infinite Here with underlying large - model capabilities. This deep integration of the model layer and the application layer is also the standard configuration for current AI hardware startups.

Is AI - native hardware a trendy topic or the future?

As we read this article, a fundamental question emerges: Does the GUI Agent mobile phone, or the direction of AI - native hardware, really represent the future?

From an industrial logic perspective, this judgment is reasonable.

Most current AI applications are confined to the "chat window." Users need to learn how to communicate with AI, how to break down tasks, and how to check the output of AI.

The vision of the GUI Agent is to eliminate this learning cost. AI directly operates the interface you are familiar with, like an invisible assistant in your mobile phone handling things for you. If the technology matures, it will completely change the paradigm of human - machine interaction.

However, the challenges are also real.

Technically, the GUI Agent needs to solve a series of problems such as multi - modal understanding, cross - application operation, and fault - tolerance mechanisms.

Commercially, it means competing with mobile operating system manufacturers (Apple, Google, Huawei, etc.) for control of the device. In particular, it will face the difficult - to - solve problem of the closed nature of the iOS Apple ecosystem.

From the user's perspective, the concerns about security and privacy involved in letting AI take over mobile phone operations also require longer - term market education.

Perhaps, the financing boom of Infinite Here is essentially an options trading on the "next interaction paradigm of AI."

What IDG and Step Star are betting on is not a specific product, but Qi Junyuan himself and the ability to transform complex technologies into usable products that he represents.

After all, he saw the potential of team collaboration tools in 2011 and joined the most radical large - model product team in China in 2023. This keen sense of the rhythm of technology - product - market is a core asset that no business plan can replace.

His experience reflects the collective imagination of the entire industry regarding "AI - native hardware."

Whether the GUI Agent mobile phone can ultimately become mainstream or not, this imagination itself is enough to make capital write checks in the cold winter.

This article is from the WeChat official account "IT Juzi" (ID: itjuzi521). The author is Wu Meimei, and it is published by 36Kr with authorization.