文｜硅兔赛跑 Eric

编辑｜蔓蔓周

yingweida、amd、yingteer，zheisanjiahuweiduishoudeqiye，jingranyinweiyijiachuchuangqiyezhandaoleyiqi。

12yue13ri，guiguguanghuliani/oxinpianshejigongsiayar labsxuanbuwanchengyouadvent internationalhelight street capitallingtoude1.55yimeiyuandlunrongzi，guzhichaoguo10yimeiyuan，zhengshijishendujiaoshouxinglie。

xinyilunrongzizhonghaiyouduojiazhanlvetouzizhecanyu，baokuoyingweida、amd、yingteer、gexin，yijiyutaijidianyouzhanlvehezuoguanxideventuretech alliance、meiguojiqizhizaojutou3mdeng。

ayar labsjiujingshijiashenmeyangdechuchuangqiye，nengtongshixiyinyingweida、amd、yingteersanjiaxinpianjutou？guanghuliani/ojishuduiyuyanxiadeaishidaieryan，youyiweizheshenme？

三巨头为何押注Ayar Labs？

yaolijieayar labsweihehuodesanjutoupianai，shouxianyaolijiedangxiazheigeaishidai。

suizherengongzhinengxuqiuyuelaiyuewangsheng，qixitongyeyuelaiyuefuzahepangda，xiaolvjiangdixiadewentiyufamingxian。biru，yikegpudeyunxingxiaolvwei80%，64kegpudeyunxingxiaolvkenengshi50%，256kegpudeyunxingxiaolvkenengzhiyou30%le。

zheiqizhongdebufenyuanyinzaiyuchuantongdiani/ojishuxia，gpuliyongdianzitongguotongxianchuanshushujuhuirangchuanshuxingnengshouxian、liyonglvxiajiang，tongshihaicunzainenghaoda、xinhaoshuaijiandengwenti。

chengliyu2015nian、zongbuweiyumeiguojiazhoushenghesaideayar labs，zhengshizhuanzhuyutongguoguangi/ojishulaijiasushujuzhongxindetongxinsudu，tuposhujuchuanshupingjing。

shuobaile，guanghuliani/oshishiyongguangzierbushidianzilaichuanshushuju，keyitigongmeimiaowanyibitededaikuan，congerqingsongchuanshudaliangshuju。ciwai，gendianxinhaobutongdeshiguangxinhaokeyizhangjulichuanshu，buhuimingxiansunshidaikuanhuoxinhaodewanzhengxing，erqiegonghaoyexiangduigengdi。

jingguocesuan，lixiangzhuangtaixiaguangxinpiandeduandaoduangonghaojinjinweidianzixinpiande10%，yanchizhiyouqi1%，ertongdengtiaojianxiadesuanliquenengdadaodianxinpiande100beiyishang。

keyishuo，guanghuliani/oshixiayidaiaijichusheshijianshedeguanjianjishuzhiyi，erayar labsmuqianzaizheixiangjishushangchuyuxingyeqianliediwei。

yanxiaayar labszhengzaikaifaliangzhongchanpin：teraphyguangxuei/oxiaoxinpianhe supernovaduoduankou、duobozhangguangyuan。

teraphyguangxuei/oxiaoxinpianbijiaoxiaoqiao，keyiwufengjichengdaogaojixinpianfengzhuangzhong，tongshizhichigaoda4 tbpsdeshuangxiangdaikuan，meigexiaoxinpiandeyanchiwei5 ns。xiaoxinpiandegonghaoyuewei10w，huomeizijie5 pj，kaolvdaoteraphydesudu，zheigegonghaoshixiangduijiaodide。

supernovayuanchengguangyuanzeshiyonglaigenteraphywufengxiezuode，qikeyitigong16zhongbozhangdeguang，yizhichi16geduankou，bingwei256geshujutongdaohuo16 tbpsshuangxianggongdian。genkechabaguangxueqijianhedianqiserdesdengchuantonghulianxiangbi，supernovayuanchengguangyuandaikuantigaole5-10bei，yanchijiangdile10bei，gonglvxiaolvtigaole4-8bei。

yingweida、amd、yingteerzhisuoyitouziayar labs，zhengshikanzhongtadejishuhechanpinyijidailaideshangyehuaqianli。

nayingweidalaishuo，guoqushinianqiyijingweiaidailaibaiwanbeidejiasu，weilaiqixuyaogaoxiaodeshujuchuanshujishuzhichibuduanzengzhangdesuanlixuqiu。zheijiuxuyaoguangxuei/odengquanxinjishu，zhichiqiweilaiai/mlgongzuofuzaihexitongjiagoudedaikuan、gonglvyijiguimoyaoqiu。

tongguotouziayar labs，yingweidakeyishenrulejieheyouxianhuodeayar labsdechanpinhejishu，congerjinyibuyouhuazishendeaixunlianpingtai，tishengxingnengbingjiangdichengben。ciwai，ayar labsdejishuyuyingweidadexianyoujishuluxiangaoduyizhi，shuangfangnenggouzouzaiyitiaolushang。

duiyuyingweidadejingzhengduishouyingteerheamderyan，gengxuyaotongguoayar labsdejishu，tishengzijiachanpinxingnenglaitizhenyeji。youqiduiyuyingteerlaishuo，qiyejiyijingdafuluohouyuyingweidaheamd。

caibaoxianshi，2025cainiandisanjiduyingweidayingshou351yimeiyuan，tongbizengzhang94%；jinglirun193.1yimeiyuan，tongbizengzhang109%。2024niandisanjidudaamdyingshoudadao68.19yimeiyuan，tongbizengzhangle18%，jinglirunwei7.71yimeiyuan，tongbizengzhangle158%。

xiangbizhixia，2024niansanjiduyingteeryingshouwei133yimeiyuan，tongbijianshao6%，jingkuisunwei166.39yimeiyuan ，tongbizhuanyingweikui。jupengboshebaodao，yingteeryijinggenayar labshezuo，jiangqijishuzhenghedaodapiliangxinpianshengchanzhong。

suiranyeneiyiyouduojiagongsizaibujuguanghuliani/oyewu，danayar labskekuozhanzhizaonenglifangmianchuyulingxiandiwei，congerjubeirouyankejiandeshangyehuaqianli，zheiyeshixiyinsandajutoudeyuanyinzhiyi。

biru，teraphykeyibangzhukehutigaoaijichusheshidejisuanxiaolvhexingneng，tongshiyouyugonghaodiyuchuantonghulianhaikeyijiangdichengben。yejiushishuo，tabujinkeyibangzhukehutigaoaichanpinxingneng，hainenggoutongguojiangbentigaoyinglidekenengxing。

juxi，ayar labsyijingkaishixiangbufenkehuchuhuoyue15000taishebei，bingjihuadao2026nianzhongqishixiandapiliangshengchan，dao2028nianjiyihoumeinianchuhuoliangkedadao1yitaiyishang。

suiranayar labsqianjingkeguan，dandangxiarengmianlinzhelaizizhuduoduishoudetiaozhan。

竞争对手，来头不小

zaiguanghuliani/oshichangshang，jinnianyilaizibenkeweipinpinxiazhu。

jinnian9yue，ruishiguanghulianchuchuangqiyelightium agwancheng700wanmeiyuanzhongzilunrongzi。10yue，meiguoguangzijisuanjiwangluochuangqilightmatterwancheng4yimeiyuandlunrongzi，zongrongziedadao8.5yimeiyuan，guzhichaoguo44yimeiyuan；tongyangzai10yue，lingyijiameiguoguangzijishuchuangqixscape photonicswancheng4400wanmeiyuanalunrongzi，zongrongziedadao5700wanmeiyuan。

chengliyu2017niandelightmatter，keyishuoshimuqianayar labszuiqiangdadeduishouzhiyi。xiangbishangyilunrongzi，dlunrongzihoulightmatterguzhizhijiefanleyue3.7bei，chengweimuqianguzhizuigaodeguangxinpianchuangyegongsizhiyi。

zaidlunrongzizhihou，lightmatterfangmianhaianshi：“zheihenkenengshigongsizuihouyilunrongzi。”zheiyiweizhe，lightmatteryoukenengzhengzaizhunbeichongciipo。

zaixiyinzibenzheijianshishang，lightmattershiyaoqiangyuayar labsde。

congyewushangkan，lightmatteryaozuodeshitishenggpuhuocpuxinpianhuliancengdexiaolv，tupoxiandaishujuzhongxindepingjing。qitongguoyanfadeguangxuehuliancengjishu，kerangshubaigegputongbugongzuo，congerjianhualeangguierfuzadeaimoxingxunlianheyunxinggongzuo。

lingwai，lightmatterdeshoukuanchanpinenviseshiyikuanzhuanmenyongyuaicaozuodexinpian，lingyikuanchanpinpassagekeyicujinxinpianzhijianshujuchuanshudehulian，liyongguangzihedianzilaitigaocaozuoxiaolv。

chulelightmatter，qitaguanghuliani/ochuchuangqiyeyeyoubucuodebiaoxian。biru，xscape photonicsdeguangzijiejuefangankeyouhuaaishujuzhongxindewangluojiagou，jianggpude“taoyidaikuan”tisheng10bei，nenghaojiangdi10bei。

zhidezhuyideshi，zaixscape photonicsdealunrongzizhong，yingweidayecantoule，kejianyingweidazaiguanghuliani/oshichangshangyazhulebushaoqiye，erbujinjinshiayar labs，zheinengcemiankanchuguanghuliani/oyongyouhendaqianli。

wanghoukan，“badianhuanchengguang”zhengzaichengweixinpianxingyedesuanligeming，shichangguimoyeshifeichangpangdaqiezaikuaisuzengzhangde。jutechnavioyuce，cong2023niandao2028nian，quanqiuguanghulianshichangguimojiangzengzhang168yimeiyuan，nianjunfuhezengzhanglv（cagr）yujidadao20.62%。

zaizheipianjudadangaozhong，chuleyouayar labs、lightmatterzheiyangliangyandechuchuangqiye，haiyouweiruan、yamaxundenglaopaiqiyedouzaibuju。shenzhiyoumeitibiaoshi，sichutouzideyingweidazijiyezaiyanfaguanghuliani/ojishu，kejianzheipianlingyuzaiweilaijianghuixingchengjudadechanyejihui。

参考资料：

Optical chip interconnect startup Ayar raises $155M to bring light to AI workloads（siliconANGLE）

Nvidia, AMD and Intel Invest in Startup Bringing Light to Chips（Bloomberg）

Lightmatter’s $400M round has AI hyperscalers hyped for photonic data centers（TechCrunch）