BlockBeats reported that Shi Yang, the former head of ByteDance-backed AI coding tool TRAE, left the company before China’s National Day holiday. According to the report, Shi is preparing to start a new company with Fu Yue, also known as Yuyi, ByteDance’s former head of AI data and security. The venture is said to be focused on AI office tools.
The project has reportedly completed its first financing round and is valued at about $200 million. The company name, the amount raised, and the investors have not been disclosed. Shi’s LinkedIn profile shows that his tenure at ByteDance ended in September, and lists his new role as a stealth startup. He joined ByteDance in 2024 and previously led Doubao MarsCode and TRAE.
The report also noted that Fu had overseen ByteDance’s AI training data business and was reported to have left in August. The departures come as ByteDance reshapes its AI office business. In August, TRAE and the Coze team were folded into the Doubao system, with the related product teams reporting to Doubao head Zhao Qi. On Oct. 9, TRAE said it would merge TraeWork and TraeCode into a single product.
Shi Yang, the former lead of ByteDance’s AI coding tool TRAE, reportedly left the company before the National Day holiday, according to BlockBeats.
The report said Shi plans to start a company with Fu Yue, also known as Yuyi, ByteDance’s former head of AI data and security. The startup is said to be targeting AI office tools. It has reportedly completed its first round of financing at a valuation of about $200 million. The company name, financing size, and investor list have not been disclosed.
Shi’s LinkedIn profile shows that his time at ByteDance ended in September. His new position is listed as a stealth startup role. He joined ByteDance in 2024 and previously oversaw Doubao MarsCode and TRAE. Before that, he founded enterprise identity management company Yufu Technology, which was later acquired by Tencent.
Fu previously led ByteDance’s AI training data business and was reported to have left in August.
The reported departure comes as ByteDance consolidates its AI office operations. In August, TRAE and the Coze team were merged into the Doubao system, and the related product teams began reporting to Doubao head Zhao Qi. On Oct. 9, TRAE also announced that TraeWork and TraeCode would be combined into one product.
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