{ "updated": "2026-11-02", "about": "AI 云图谱：每家公司的估值、收入、融资和关键数据，每个数字附出处（src）。layer 对应 layers.json 的 code，also_layers = 也做的其他层。tns_named = The New Stack 原文点名的公司。sells = 卖什么（GPU 租用 / 推理 API / Serverless / 微调 / 沙箱 / 调度），billing = 计费单位（卡时 / token / 秒 / 包年合同），scale = 公开的 GPU 数或电力，chips = 用什么芯片，datacenter = 自建 / 租机房 / 聚合别人的卡 / 跑在别家云上，clustermax = SemiAnalysis ClusterMAX 3.0（2026-09，https://clustermax.semianalysis.com/v3）评级：Platinum / Gold / Silver / Bronze / Participation（参与奖）/ Underperform / Unavailable（没法评），backlog = 上市公司未履约合同额（超大云是母公司全公司口径），models = 推理平台可调模型数。没填 sells / billing 的按所在层归。", "companies": [ { "name": "AWS（EC2 GPU / Trainium / SageMaker HyperPod）", "layer": "a1", "url": "https://aws.amazon.com/ai/machine-learning/trainium/", "hq": "西雅图", "founded": 2010, "desc": "按卡租 EC2 GPU 与自研 Trainium 集群，HyperPod 管训练集群", "key_data": [ { "k": "AWS 年化收入（全 AWS 口径）", "v": "约 $1840 亿 run-rate，Q3 2026 季收入 $460 亿（+39.3%）", "date": "2026-10", "src": "https://www.fool.com/earnings/call-transcripts/2026/10/30/amazon-amzn-q3-2026-earnings-call-transcript/" }, { "k": "Trainium 收入承诺", "v": "超 $2250 亿；自研芯片业务 run-rate 超 $250 亿", "date": "2026-10", "src": "https://ca.finance.yahoo.com/news/amazon-amzn-stock-slips-q3-151326000.html" }, { "k": "AI 加速器装机速度", "v": "平均每 14 秒装好一颗", "date": "2026-10", "src": "https://www.fool.com/earnings/call-transcripts/2026/10/30/amazon-amzn-q3-2026-earnings-call-transcript/" }, { "k": "Bedrock token 用量", "v": "同比增近 17 倍，大部分跑在 Trainium 上", "date": "2026-10", "src": "https://au.finance.yahoo.com/news/amzn-q3-earnings-call-highlights-130000475.html" } ], "customers": [ "Anthropic" ], "product_line_of": "Amazon", "public": true, "tns_named": true, "sells": [ "GPU 租用", "推理 API", "微调", "调度" ], "billing": [ "卡时", "token", "包年合同" ], "scale": { "v": "未披露总卡数；2026 年资本开支约 $2200 亿，多数投向 AWS", "date": "2026-10", "src": "https://au.finance.yahoo.com/news/amzn-q3-earnings-call-highlights-130000475.html" }, "chips": [ "NVIDIA", "自研", "Trainium" ], "datacenter": "自建", "clustermax": "Bronze", "backlog": { "v": "$578B（Amazon 旗下 AWS 口径，非仅 AI；同比三位数增长）", "date": "2026-09", "src": "https://www.fool.com/earnings/call-transcripts/2026/10/30/amazon-amzn-q3-2026-earnings-call-transcript/" }, "region": "全球", "note": "产品线卡。founded 取 EC2 GPU 实例首发年（2010，凭印象，未逐条核）。backlog 为 AWS 全部业务，不是 AI 单列。ClusterMAX 2.0 Silver 来自二手汇总（sgpjbg 转述 SemiAnalysis），原文页未能打开核对。AI 单列收入 AWS 未给绝对数，只说 AI 三位数增长、推理占 AWS AI 收入一半以上（据中文财经媒体转述电话会）。" }, { "name": "Google Cloud（TPU / GPU）", "layer": "a1", "url": "https://cloud.google.com/tpu", "hq": "山景城", "founded": 2018, "desc": "按芯片租 Cloud TPU 与 NVIDIA GPU，并开始直接卖整套 TPU 系统", "key_data": [ { "k": "Google Cloud 季收入", "v": "$307.1 亿（同比 +103%）", "date": "2026-10", "src": "https://au.finance.yahoo.com/news/googl-q3-earnings-miss-estimates-164800392.html" }, { "k": "云业务季度新签合同", "v": "$777 亿（环比持平）", "date": "2026-10", "src": "https://stock.finance.sina.com.cn/stock/go.php/vReport_Show/kind/industry/rptid/846955397765/index.phtml" }, { "k": "Alphabet 2026 资本开支指引", "v": "$1950–2050 亿，2027 将显著增加", "date": "2026-10", "src": "https://www.gurufocus.com/news/9150887/alphabets-cloud-surge-comes-with-a-massive-catch" } ], "customers": [ "Anthropic" ], "product_line_of": "Alphabet", "public": true, "tns_named": true, "sells": [ "GPU 租用", "推理 API", "调度" ], "billing": [ "卡时", "token", "包年合同" ], "scale": { "v": "未披露 TPU / GPU 总量；CEO 称为让前沿研究优先而拒绝部分云客户", "date": "2026-10", "src": "https://ca.investing.com/news/stock-market-news/google-earnings-up-next-can-cloud-growth-justify-record-ai-spending-93CH-4910528" }, "chips": [ "NVIDIA", "自研", "TPU" ], "datacenter": "自建", "clustermax": "Gold", "backlog": { "v": "$561B（Google Cloud 全业务口径；约 55% 将在 24 个月内确认为收入）", "date": "2026-09", "src": "https://www.gurufocus.com/news/9150887/alphabets-cloud-surge-comes-with-a-massive-catch" }, "region": "全球", "note": "产品线卡。founded 取 Cloud TPU 对外开放年（2018，凭印象）。TPU 直接卖整机系统是新动作，Q4 2026 放量、2027 显著放量。ClusterMAX 2.0 的 Google 档位各二手来源一致为 Silver（与 AWS、Together、Lambda 并列），但另有二手报道称 1.0 时为 Bronze、后续更新升到 Gold，未核对原文。" }, { "name": "Microsoft Azure（ND GPU 系列）", "layer": "a1", "url": "https://azure.microsoft.com/en-us/products/virtual-machines/gpu", "hq": "雷德蒙德", "founded": 2016, "desc": "按卡租 ND / NC 系列 NVIDIA GPU 虚拟机与超算集群，OpenAI 主要算力", "key_data": [ { "k": "Azure 季收入", "v": "$331.7 亿（同比 +48%）；下季指引 +49–50% 固定汇率", "date": "2026-10", "src": "https://www.mitrade.com/au/insights/news/live-news/article-8-2222479-20261102" }, { "k": "Azure 财年收入", "v": "FY26 首次超 $1000 亿（+41%）", "date": "2026-07", "src": "https://www.schwab.wallst.com/schwab/Prospect/research/stocks/news.asp?symbol=MSFT&doc=309-ST20260730094444rreid_live-0T0H2J9CJ074JKKO53GRR66SU6" }, { "k": "Fairwater 威斯康星 AI 数据中心", "v": "规划单站 2 GW", "date": "2025-10", "src": "https://www.fool.com/earnings/call-transcripts/2025/10/29/microsoft-msft-q1-2026-earnings-call-transcript/" } ], "customers": [ "OpenAI" ], "product_line_of": "Microsoft", "public": true, "tns_named": true, "sells": [ "GPU 租用", "推理 API", "调度" ], "billing": [ "卡时", "token", "包年合同" ], "scale": { "v": "未披露 GPU 总数；管理层称需求仍超过供给", "date": "2026-10", "src": "https://uk.investing.com/news/stock-market-news/earnings-call-transcript-microsoft-tops-q1-2026-estimates-as-cloud-growth-accelerates-93CH-4939585" }, "chips": [ "NVIDIA", "AMD", "自研" ], "datacenter": "自建", "clustermax": "Silver", "backlog": { "v": "$677B 商业 RPO（Microsoft 全公司口径；约 30% 将在未来 12 个月确认）", "date": "2026-09", "src": "https://www.mitrade.com/au/insights/news/live-news/article-8-2222479-20261102" }, "region": "全球", "note": "产品线卡。founded 取 Azure N 系列 GPU 虚拟机首发年（2016，凭印象）。RPO 是 Microsoft 全公司口径，含 OpenAI 的 Azure 承诺，不是 ND 系列单列。ClusterMAX 2.0 Gold 为二手汇总；有中文来源称更新一轮后 Azure 降到 Silver，未核对原文，故这里只写 2.0。自研芯片（Maia）出货量没查到。" }, { "name": "Oracle OCI（GPU 超级集群）", "layer": "a1", "url": "https://www.oracle.com/cloud/compute/gpu/", "hq": "奥斯汀", "founded": 2016, "desc": "OCI 上卖 NVIDIA / AMD GPU 超级集群，万卡级包量合同", "key_data": [ { "k": "OCI 季收入", "v": "$73.9 亿（同比 +121%）", "date": "2026-09", "src": "https://www.datacenterdynamics.com/en/news/oracle-delivered-300000-gpus-in-q1-fy2027/" }, { "k": "单季交付 GPU / 电力", "v": "超 30 万张 GPU、850 MW", "date": "2026-09", "src": "https://www.datacenterdynamics.com/en/news/oracle-delivered-300000-gpus-in-q1-fy2027/" }, { "k": "多租户 GPU 池利用率", "v": "97.9%；到期容量续约价高 20%", "date": "2026-09", "src": "https://hao.cnyes.com/post/267082" } ], "customers": [ "OpenAI" ], "product_line_of": "Oracle", "public": true, "tns_named": true, "sells": [ "GPU 租用", "调度" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "FY27 Q1 单季交付 30 万+ GPU / 850 MW（约为上财年全年交付量的 73%）", "date": "2026-09", "src": "https://www.datacenterdynamics.com/en/news/oracle-delivered-300000-gpus-in-q1-fy2027/" }, "chips": [ "NVIDIA", "AMD" ], "datacenter": "自建", "clustermax": "Gold", "backlog": { "v": "$664B RPO（Oracle 全公司口径；约一半将在 36 个月内转为收入）", "date": "2026-08", "src": "https://www.datacenterdynamics.com/en/news/oracle-delivered-300000-gpus-in-q1-fy2027/" }, "region": "全球", "note": "产品线卡，只写 OCI 的 GPU 集群。Oracle 财年 FY2027 Q1 = 2026-06 至 08 月。RPO 为全公司口径，新增合同多为客户预付或自带硬件，不需要 Oracle 额外出资（管理层说法）。OCI GA 年份 2016 凭印象。公开点名的最大客户 OpenAI 的合同金额本次未单独核。" }, { "name": "Applied Digital", "layer": "a2", "url": "https://www.applieddigital.com", "hq": "达拉斯", "founded": 2021, "desc": "北达科他等地 AI 机房电力托管（租给 CoreWeave 等）及 ChronoScale GPU 云", "revenue": { "v": "约 $13.7 亿（年化）", "date": "2026-08", "kind": "FY27 Q1（至 2026-08-31）单季 $3.42 亿 ×4，含一次性租户装修服务收入，口径为本调研折算", "src": "https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000057/apldq127earningsrelease.htm" }, "key_data": [ { "k": "已签租约", "v": "约 1.41 GW 关键 IT 负载，五个园区，基础期合同收入约 $360 亿", "date": "2026-08", "src": "https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000057/apldq127earningsrelease.htm" }, { "k": "Polaris Forge 1 在运容量", "v": "250 MW", "date": "2026-10", "src": "https://ca.investing.com/news/earnings/applied-digital-posts-topline-beat-in-q1-amid-data-center-growth-4870546" } ], "customers": [ "CoreWeave" ], "public": true, "sells": [ "GPU 租用" ], "billing": [ "包年合同" ], "scale": { "v": "机房租约约 1.41 GW 关键 IT 负载；自营 GPU 云（ChronoScale）规模未披露", "date": "2026-08", "src": "https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000057/apldq127earningsrelease.htm" }, "chips": [ "NVIDIA" ], "datacenter": "自建", "backlog": { "v": "约 $360 亿（初始租期）/ 含续约约 $860 亿", "date": "2026-08", "src": "https://ir.applieddigital.com/sec-filings/all-sec-filings/content/0001144879-26-000057/apldq127earningsrelease.htm" }, "region": "美", "note": "矿企转型（原为加密货币托管）。主营是卖机房和电力（租给 CoreWeave 与未点名投资级超大云），GPU 云只是子业务 ChronoScale（与 EKSO Bionics 合并，APLD 持约 97%，FQ1 收入 $4,150 万，含约 $2,300 万 GPU 硬件销售）。上市公司 FQ1 总收入 $3.42 亿。" }, { "name": "Cipher Mining（Cipher Digital）", "layer": "a2", "url": "https://www.ciphermining.com", "hq": "纽约", "founded": 2021, "desc": "把比特币矿场改成 AI 机房，租给 AWS 和 Fluidstack，不卖 GPU 云", "key_data": [ { "k": "已签三个 HPC 园区", "v": "700 MW 总容量，已签约收入 $166 亿，平均年化 NOI 约 $8.64 亿", "date": "2026-11", "src": "https://www.perplexity.ai/app/finance/CIFR/earnings?eventId=723634" }, { "k": "Barber Lake 修订", "v": "基础租期延至 20 年，合同收入升至 $91 亿", "date": "2026-09", "src": "https://tenq.co/report/CIFR/story" } ], "customers": [ "AWS", "Fluidstack" ], "public": true, "sells": [ "GPU 租用" ], "billing": [ "包年合同" ], "scale": { "v": "不运营 GPU，出租 700 MW 机房容量", "date": "2026-11", "src": "https://www.perplexity.ai/app/finance/CIFR/earnings?eventId=723634" }, "datacenter": "自建", "backlog": { "v": "$166 亿已签约收入（聚合站摘要，待 10-Q 核对）", "date": "2026-11", "src": "https://www.perplexity.ai/app/finance/CIFR/earnings?eventId=723634" }, "region": "美", "note": "矿企转型，已更名 Cipher Digital。属纯机房出租（powered shell / 托管）：无对外 GPU 云服务，sell 留空；按任务要求收入但 desc 写明卖的是机房电力。AWS 15 年租约约 300 MW（Black Pearl），Fluidstack 租约有 Google 担保（并持约 5.4% 股权）。$166 亿数字仅见聚合站摘要（Perplexity Finance），10-Q 未核对。" }, { "name": "Cirrascale Cloud Services", "layer": "a2", "url": "https://cirrascale.com", "hq": "圣地亚哥", "desc": "私有 AI 云：包月专属 GPU 与多家加速器，另有企业推理平台", "total_raised": "累计融资约 $57–60M（聚合站，Tracxn / CB Insights 口径不同）", "funding": [ { "date": "2024-12", "round": "风险债务", "amount": "未披露", "src": "https://tracxn.com/d/companies/cirrascale/___tCkcfT15NQEAoW3Si02Cw8HOdnAROU8QxA9THSI3yo" } ], "key_data": [ { "k": "推理平台上线", "v": "Cirrascale Inference Platform 正式发布，支持 NVIDIA / AMD / Qualcomm / Tenstorrent，并在本地运行 Google Gemini", "date": "2026-09", "src": "https://www.cbinsights.com/company/cirrascale" } ], "also_layers": [ "b1" ], "sells": [ "GPU 租用", "推理 API", "微调" ], "billing": [ "包年合同" ], "scale": { "v": "未披露", "date": "2026-09" }, "chips": [ "NVIDIA", "AMD" ], "datacenter": "租机房", "clustermax": "Unavailable", "region": "美", "note": "资料很少：没查到 2026 年融资、收入、GPU 数。成立年份各聚合站冲突（1991 / 1996 / 2010 / 2017），不写 founded。计费为包月专属容量、不按小时（BTW Media 报道），unit 只能近似选包年合同。dc 为推断。Tenstorrent 与 Qualcomm 芯片不在固定词中，写在这里。ClusterMAX 2.0 评级没查到；之后一轮二手汇总放在 Silver，未核原文。gpus 的 src 因没有披露数字而省略。" }, { "name": "Core42（G42）", "layer": "a2", "url": "https://www.core42.ai", "hq": "阿布扎比", "desc": "G42 旗下主权云与 AI 算力，租 GPU 集群，参与 Stargate UAE", "funding": [ { "date": "2026-05", "round": "贸易融资（债务）", "amount": "$550M（2026-02 $240M + 2026-05 $310M）", "lead": "HSBC", "src": "https://datacenters.economictimes.indiatimes.com/news/investments-deals/core42-secures-550-million-for-ai-infrastructure-expansion/131304599" } ], "key_data": [ { "k": "Stargate UAE 站点", "v": "2026 年交付 200 MW，规划 5 GW 园区（Mordor 二手引述）", "date": "2026-08", "src": "https://www.marketresearch.com/Mordor-Intelligence-LLP-v4018/United-Arab-Emirates-Data-Center-46100276/" }, { "k": "美国出口许可", "v": "G42 与 Core42 获批为先进算力芯片授权接收方（G42 声明）", "date": "2026-07", "src": "https://safeguard.sh/resources/blog/uae-ai-strategy-chip-export-licences-g42-stargate-timeline" } ], "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "2025-11 美国批准 G42 进口至多 3.5 万张 GB300 等效芯片（上限，实际到货未披露）", "date": "2025-11", "src": "https://safeguard.sh/resources/blog/uae-ai-strategy-chip-export-licences-g42-stargate-timeline" }, "chips": [ "NVIDIA" ], "datacenter": "租机房", "clustermax": "Participation", "region": "中东", "note": "资料偏少：没查到 Core42 单独的估值、收入、客户名单和 GPU 在运总数。母公司 G42 与 Microsoft 的 $1.5B 投资（2024-04）是投到 G42，不是 Core42。2026-05 的 $550M 用于美欧 AI 云扩建，不仅阿联酋。dc 判断依据：Khazna 为 G42 与 e& 的合资机房公司，Core42 向其租用，未逐站核实。ClusterMAX 评级没查到。成立年份未核。" }, { "name": "CoreWeave", "layer": "a2", "url": "https://www.coreweave.com", "hq": "Livingston, NJ", "founded": 2017, "desc": "自持 GPU 和数据中心的 AI 云，出租训练与托管推理算力", "valuation": { "v": "~$47.9B", "date": "2026-10", "kind": "市值（上市公司）", "src": "https://hk.finance.yahoo.com/quote/CRWV/key-statistics/" }, "revenue": { "v": "$2.6B（季度，+112% 同比）", "date": "2026-06", "kind": "Q2 2026 季收入，公司财报（媒体转述）；非年化", "src": "https://www.kucoin.com/news/flash/coreweave-s-valuation-discount-overlooks-lead-in-data-center-capacity" }, "total_raised": "上市公司（2025-03 IPO）；负债总额约 $51.6B（2026-06）", "funding": [], "key_data": [ { "k": "收入积压", "v": "$1,042 亿", "date": "2026-06", "src": "https://www.nasdaq.com/articles/crwv-q2-earnings-call-puts-margin-gains-and-capacity-focus" }, { "k": "托管推理签约 ARR", "v": "$100 万 → $1 亿+", "date": "2026-Q2", "src": "https://stockanalysis.com/stocks/crwv/transcripts/662772-q2-2026/" }, { "k": "2026 全年收入指引", "v": "$124–132 亿", "date": "2026-08", "src": "https://www.nasdaq.com/articles/crwv-q2-earnings-call-puts-margin-gains-and-capacity-focus" }, { "k": "未交付订单", "v": "约 $104B", "date": "2026-06", "src": "https://images.finanzen.ch/nachrichten/aktien/neocloud-duell-coreweave-gegen-nebius-im-check-1036607749" } ], "owner": "上市公司（纳斯达克 CRWV）", "public": true, "tns_named": true, "sells": [ "GPU 租用", "调度" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "活跃电力超 1.5 GW、约 51 个数据中心；已签约电力约 4.2 GW", "date": "2026-08", "src": "https://www.nasdaq.com/press-release/coreweave-continues-contract-new-compute-capacity-higher-prices-2026-09-17" }, "chips": [ "NVIDIA" ], "datacenter": "租机房", "clustermax": "Platinum", "backlog": { "v": "$104.2B（2026-06-30，同比 +246%）；Q3 初另增超 $250 亿净新增承诺，尚未计入", "date": "2026-06", "src": "https://www.barchart.com/story/news/4684161/a-25-billion-reason-to-buy-coreweave-stock" }, "region": "美", "note": "2025-03-28 上市，$40/股、募资约 $15 亿，低于原定区间（本地底稿，Renaissance Capital / Yahoo Finance）。上市公司市值不放。 已有 rev $2.58B 是 2026 Q2 单季度收入。 补丁：新增 Q2 2026 收入、$104.2B backlog、4.2 GW 已签约电力（2026-08-11，6 月底 3.7 GW）。Q3 签的 3–6 个月短期合同约 $4000 万 / MW（年化收入除以电力，只是部分新合同）。2026-09 还宣布 $35 亿可转债，不属股权融资轮，未写入 funding。10 月中旬股价与债券承压的报道有，未写。dc 中的“租机房”为沿用常识，未逐站核。" }, { "name": "Crusoe", "layer": "a2", "url": "https://www.crusoe.ai", "hq": "丹佛", "founded": 2018, "desc": "自建电力和数据中心，卖 GPU 云与托管推理", "valuation": { "v": "$30.9B", "date": "2026-09", "kind": "F 轮投后估值，公司公告（Forge 转述）；其他媒体写 $30B / $31B、金额 $30 亿–$34.5 亿，口径不一", "src": "https://forgeglobal.com/insights/startup-trends-top-private-funding-rounds-q3-2026/" }, "revenue": { "v": "$535M", "date": "2025", "kind": "2025 年收入，聚合站估算（axevil），2026 指引 $13 亿同为聚合站", "src": "https://axevil.com/company/crusoe" }, "total_raised": null, "funding": [ { "date": "2026-09", "round": "F 轮", "amount": "$39 亿", "lead": "Atreides、Mubadala Capital、Valor Equity", "post": "$309 亿投后", "src": "https://qia.qa/en/Newsroom/Pages/QIA-Participates-in-Crusoe%E2%80%99s-%243.9-Billion-Series-F-Funding-Round-to-Support-AI-Infrastructure.aspx" }, { "date": "2025-10", "round": "E 轮", "amount": "$13.8 亿", "post": "约 $100 亿投后", "src": "https://datafloq.com/crusoe-is-valued-at-30-9-billion-only-1-of-its-6-plus-contracted-gigawatts-is-operating/" }, { "date": "2026-09", "round": "F 轮（首次交割）", "amount": "$3.9B（预计总额）", "lead": "Atreides Management、Mubadala Capital、Valor Equity Partners（NVIDIA 跟投）", "post": "投后 $30.9B", "src": "https://forgeglobal.com/insights/startup-trends-top-private-funding-rounds-q3-2026/" } ], "key_data": [ { "k": "合同总额", "v": "超 $1400 亿；总签约容量超 6GW，已运行约 1GW", "date": "2026-09", "src": "https://datafloq.com/crusoe-is-valued-at-30-9-billion-only-1-of-its-6-plus-contracted-gigawatts-is-operating/" }, { "k": "托管推理（Managed Inference）签约 ARR", "v": "超 $1 亿", "date": "2026-09", "src": "https://datafloq.com/crusoe-is-valued-at-30-9-billion-only-1-of-its-6-plus-contracted-gigawatts-is-operating/" }, { "k": "云订单同比", "v": "2026 年至今增长 20 倍以上", "date": "2026-09", "src": "https://datafloq.com/crusoe-is-valued-at-30-9-billion-only-1-of-its-6-plus-contracted-gigawatts-is-operating/" } ], "customers": [ "OpenAI", "Cognition", "Figure", "Perplexity" ], "tns_named": true, "sells": [ "GPU 租用", "推理 API" ], "billing": [ "卡时", "token", "包年合同" ], "scale": { "v": "总合同容量超 6 GW（含数据中心与云），其中约 1 GW 已交付运行", "date": "2026-09", "src": "https://forgeglobal.com/insights/startup-trends-top-private-funding-rounds-q3-2026/" }, "chips": [ "NVIDIA", "AMD" ], "datacenter": "自建", "clustermax": "Bronze", "region": "美", "note": "公司不披露收入；以上数据均为公司自报。Series F 报道为首轮交割，$39 亿为预期总额。 补丁：新增 2026-09 F 轮、$30.9B 估值、6 GW 合同容量、Crusoe Spark 模块化数据中心。IPO 传闻 2027 下半年，估值 $500 亿（聚合站，未核）。ClusterMAX 2.0 为 Gold（二手）；有中文来源称之后一轮被降到 Bronze，未核原文。chips 里 AMD 是沿用印象，本次未核。" }, { "name": "Denvr Dataworks", "layer": "a2", "url": "https://www.denvr.com", "hq": "卡尔加里", "founded": 2017, "desc": "加拿大 AI 云，H100 / A100 / Gaudi 单节点到 1024 卡集群", "total_raised": "累计融资约 $10.8M（PitchBook，仅记录一轮）", "funding": [ { "date": "2021-06", "round": "A 轮", "amount": "$10.8M", "lead": "US Capital Global", "src": "https://pitchbook.com/profiles/company/464218-93" } ], "key_data": [ { "k": "集群规模上限", "v": "单节点到 1024 GPU 集群，InfiniBand / RoCE 最高 3.2 Tbps", "date": "2026-09", "src": "https://www.denvr.com/ai-ascend" } ], "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "未披露总卡数；对外提供至 1024 卡集群", "date": "2026-09", "src": "https://www.denvr.com/ai-ascend" }, "chips": [ "NVIDIA", "Intel Gaudi" ], "datacenter": "租机房", "clustermax": "Unavailable", "region": "美", "note": "资料很少：2026 年没查到新融资、收入、客户。规模偏小，更像 a3 开发者云，请主会话决定是否改层。Denvr 启动 AI Ascend 创业公司计划（最多 $50 万算力额度）。chips 字段只能用五个固定词，Intel Gaudi 未列入，写在 note。成立月份没查到。dc 为推断（未见自建机房说明）。ClusterMAX 1.0 时 Denvr 为 Bronze，2.0 评级没查到。" }, { "name": "Firmus（Sustainable Metal Cloud）", "layer": "a2", "url": "https://firmus.co", "hq": "墨尔本", "desc": "澳大利亚 AI 云，浸没式液冷 GPU 集群，规划 1.6 GW Southgate 园区", "valuation": { "v": "$10.5B", "date": "2026-08", "kind": "私募估值，媒体报道；2026-10 IPO 曾瞄准 $22.8–30.4B，被撤", "src": "https://blockspace.media/short/why-firmus-abandoned-its-5-5b-ipo/" }, "revenue": { "v": "$50.8M", "date": "2026", "kind": "最近披露收入（Blockspace 引用，口径未明）", "src": "https://blockspace.media/short/why-firmus-abandoned-its-5-5b-ipo/" }, "funding": [ { "date": "2026-08", "round": "后期私募", "amount": "约 $2B（CB Insights 记录，未见公司公告）", "post": "投后约 $10.5B（Blockspace）", "src": "https://www.cbinsights.com/company/firmus-technologies/financials" }, { "date": "2025-10", "round": "后期私募", "amount": "$220M", "src": "https://pitchbook.com/profiles/company/501786-82" } ], "key_data": [ { "k": "Southgate 园区", "v": "规划 1.6 GW，已交付 42 MW", "date": "2026-10", "src": "https://blockspace.media/short/why-firmus-abandoned-its-5-5b-ipo/" } ], "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "Southgate 规划 1.6 GW，已交付 42 MW（约占规划 5% 以内）", "date": "2026-10", "src": "https://blockspace.media/short/why-firmus-abandoned-its-5-5b-ipo/" }, "chips": [ "NVIDIA" ], "datacenter": "自建", "clustermax": "Silver", "region": "亚", "note": "2026-10-09 撤回 ASX IPO（原计划募资约 $50–70 亿，Financial Standard 称市值将达 $440 亿），改为继续私募。开发伙伴 CDC Data Centers 终止合作（Blockspace 报道）。2026-09-01 合并 Benmax（PitchBook）。Sustainable Metal Cloud 是其与 Singtel 的 2023 合资品牌（PitchBook 记录 2023-06 JV）。成立年份、客户名单没查到；ClusterMAX 1.0 时 SMC 为 Silver，2.0 评级没查到。融资数字多来自聚合站 / 二手，需一手核对。" }, { "name": "Fluidstack", "layer": "a2", "url": "https://www.fluidstack.io", "hq": "伦敦", "founded": 2017, "desc": "为 AI 实验室建并运营万卡集群，Anthropic 的核心算力供应方", "valuation": { "v": "$18B（另有在谈估值 $40B）", "date": "2026-09", "kind": "投后估值，媒体报道；$40B 是 2026-10-28 Bloomberg 报道的在谈轮，未交割", "src": "https://ca.finance.yahoo.com/news/aschenbrenner-seeks-fluidstack-investment-40-162115649.html" }, "revenue": { "v": "$660M", "date": "2026", "kind": "2026 年收入预测（投资人备忘录，Dealroom 转述），不是已实现收入；2024 审计收入 $66.2M", "src": "https://dealroom.co/news/157101-fluidstack-raises-1-5b-led-by-jane-street-valuation-quadruples-to-18b-in/" }, "total_raised": "累计股权融资约 $2.6B，另有数百亿美元项目债务计划（Dealroom）", "funding": [ { "date": "2026-09", "round": "后期股权轮", "amount": "$1.5B", "lead": "Jane Street", "post": "投后 $18B", "src": "https://dealroom.co/news/157101-fluidstack-raises-1-5b-led-by-jane-street-valuation-quadruples-to-18b-in/" }, { "date": "2026-01", "round": "后期股权轮", "amount": "报道不一致（$750M–$830M）", "lead": "Situational Awareness", "post": "投后 $7.5B", "src": "https://ca.finance.yahoo.com/news/aschenbrenner-seeks-fluidstack-investment-40-162115649.html" } ], "key_data": [ { "k": "为 Anthropic 租建的 IT 容量", "v": "5 个站点约 1.43 GW，项目债务约 $152 亿", "date": "2026-08", "src": "https://epoch.ai/gradient-updates/will-financing-bottleneck-ai-compute" }, { "k": "投资人备忘录 2026 年运行容量", "v": "1.3 GW、10+ 站点（预测）", "date": "2026-09", "src": "https://dealroom.co/news/157101-fluidstack-raises-1-5b-led-by-jane-street-valuation-quadruples-to-18b-in/" }, { "k": "Hut 8 River Bend 租约", "v": "245MW，15 年，约 $70 亿（可升至 $177 亿），Google 兜底", "date": "2025-12", "src": "https://www.datacenterdynamics.com/en/news/hut-8-signs-245mw-capacity-deal-with-fluidstack-as-part-of-multi-gigawatt-partnership-with-anthropic/" } ], "customers": [ "Anthropic" ], "sells": [ "GPU 租用" ], "billing": [ "包年合同" ], "scale": { "v": "规划 1.3 GW（2026 预测）；为 Anthropic 签约约 1.43 GW 数据中心容量", "date": "2026-08", "src": "https://epoch.ai/gradient-updates/will-financing-bottleneck-ai-compute" }, "chips": [ "NVIDIA", "TPU" ], "datacenter": "租机房", "clustermax": "Unavailable", "region": "全球", "note": "ClusterMAX 2.0 新晋 Gold（二手汇总，原文页未能打开）；有中文来源称之后一轮评级中跌出可用名单，未核对原文。2026 年 1 月轮次的金额、日期各聚合站互相矛盾（Dealroom 称 60 天前 $750M，聚合站称 1 月 $830M），故金额不写死。Google 为其项目债务提供兜底；Pentagon 在谈约 $50 亿贷款（2026-09 报道，未核一手）。chips 的 TPU 来自 Anthropic 的 TPU 租赁安排，Fluidstack 本身是否运营 TPU 未核，请复核后再用。创始年份 2017 来自聚合站。" }, { "name": "Galaxy（Helios）", "layer": "a2", "url": "https://www.galaxy.com", "hq": "纽约", "founded": 2018, "desc": "德州 Helios 园区机房租给 CoreWeave，不卖 GPU 云", "revenue": { "v": "Helios 一期预计每季租赁收入约 $8,000 万", "date": "2026-08", "kind": "公司指引，Q3 2026 起", "src": "https://www.nasdaq.com/press-release/galaxy-announces-second-quarter-2026-financial-results-2026-08-05" }, "key_data": [ { "k": "CoreWeave 租约", "v": "526 MW 关键 IT（约 800 MW 总电力），15 年，平均年收入 >$10 亿", "date": "2026-07", "src": "https://www.nasdaq.com/press-release/galaxy-completes-phase-i-its-helios-data-center-campus-delivering-133-megawatts" }, { "k": "一期交付", "v": "133 MW 关键 IT 已全部交付 CoreWeave", "date": "2026-07", "src": "https://www.nasdaq.com/press-release/galaxy-completes-phase-i-its-helios-data-center-campus-delivering-133-megawatts" }, { "k": "二期融资", "v": "$35 亿高级担保票据", "date": "2026-07", "src": "https://www.nasdaq.com/press-release/galaxy-announces-second-quarter-2026-financial-results-2026-08-05" } ], "customers": [ "CoreWeave" ], "public": true, "sells": [ "GPU 租用" ], "billing": [ "包年合同" ], "scale": { "v": "不运营 GPU，出租 526 MW 关键 IT 容量", "date": "2026-07", "src": "https://www.nasdaq.com/press-release/galaxy-completes-phase-i-its-helios-data-center-campus-delivering-133-megawatts" }, "datacenter": "自建", "backlog": { "v": "CoreWeave 三期租约，平均年收入 >$10 亿 × 15 年（总额未披露）", "date": "2026-07", "src": "https://www.nasdaq.com/press-release/galaxy-completes-phase-i-its-helios-data-center-campus-delivering-133-megawatts" }, "region": "美", "note": "不是严格的矿企转型：Galaxy 是数字资产金融公司，早期含挖矿，Helios 园区由原矿场改建。纯机房出租，无对外 GPU 云，sell 留空。唯一租户 CoreWeave，2026-10 因其债务担忧股价两周跌约 30%（Benzinga）。" }, { "name": "GMI Cloud", "layer": "a2", "url": "https://www.gmicloud.ai", "hq": "Mountain View（加州）", "founded": 2021, "desc": "英伟达合作的 GPU 云和推理平台，给模型公司和 AI 应用租算力、跑推理", "revenue": { "v": "已签约年化经常性收入超 $6 亿", "date": "2026-09", "kind": "ARR（已签约，非已确认收入），公司自报", "src": "https://secure.businesswire.com/news/home/20260930886227/en/GMI-Cloud-Raises-Over-%24660-Million-to-Accelerate-Global-AI-Infrastructure-Expansion" }, "total_raised": "股权约 $240M+，另有债务 / 授信约 $510M+", "funding": [ { "date": "2024-10", "round": "A 轮", "amount": "$82M", "lead": "Headline Asia（其中股权 $15M、债务 $67M）", "src": "https://techcrunch.com/2024/10/29/gmi-cloud-secures-82m-in-series-a-for-its-gpu-cloud-infrastructure" }, { "date": "2026-09", "round": "B 轮", "amount": "$223M", "lead": "ARCHIV，NVIDIA 参投；另有 CTBC 牵头 $445M 授信", "src": "https://www.datacenterdynamics.com/en/news/gmi-cloud-raises-668m-in-funding/" }, { "date": "2026-09", "round": "B 轮 + 信贷额度", "amount": "$6.68 亿（股权 $2.23 亿 + 信贷 $4.45 亿）", "lead": "ARCHIV（股权）、CTBC（信贷）；跟投：NVIDIA、DSC Investment、Trend Micro、KB Investment、Kyobo Life、KT", "src": "https://secure.businesswire.com/news/home/20260930886227/en/GMI-Cloud-Raises-Over-%24660-Million-to-Accelerate-Global-AI-Infrastructure-Expansion" } ], "key_data": [ { "k": "每周推理 token", "v": "约 4 万亿", "date": "2026-09", "src": "https://thenextweb.com/news/gmi-cloud-668m-series-b-nvidia-archiv-ctbc" } ], "customers": [ "Fireworks", "Higgsfield", "Nous Research", "OpenRouter", "Reflection", "Cartesia", "Trend Micro", "Utopai Studios" ], "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "台湾桃园 AI 工厂：约 7,000 张 GB300、16 MW（规划）", "date": "2025-11", "src": "https://www.datacenterdynamics.com/en/news/gmi-cloud-raises-668m-in-funding/" }, "chips": [ "NVIDIA" ], "clustermax": "Silver", "region": "全球", "note": "2021 年以比特币挖矿数据中心起家，2023 年转 AI（首尔经济日报采访）；也有报道写 2022 年创立。B 轮未披露估值。 补丁：新增 2026-09 B 轮及信贷；ClusterMAX 3.0（2026-09）由 Bronze 升至 Silver（SemiAnalysis 原文 https://newsletter.semianalysis.com/p/clustermax-30-the-industry-standard）。自 2025 年底起已签约 ARR 增长 9 倍、上线 ARR 增长 4.5 倍（公司 LinkedIn 帖子，TipRanks 转述）。" }, { "name": "Humain（AI 云 / 算力业务）", "layer": "a2", "url": "https://www.humain.ai", "hq": "利雅得", "founded": 2025, "founded_month": "2025-05", "desc": "沙特 PIF 旗下 AI 公司的云与算力业务，建设吉瓦级数据中心", "valuation": { "v": "未披露", "date": "2026-11", "kind": "Aramco 以 $26 亿换 49% 股权，隐含估值未见报道，不推算", "src": "https://enterpriseam.com/ksa/2026/11/02/aramco-closes-humain-stake/" }, "funding": [ { "date": "2026-11", "round": "战略入股", "amount": "SAR 99 亿（约 $26 亿）", "lead": "Aramco 购入 49%", "src": "https://enterpriseam.com/ksa/2026/11/02/aramco-closes-humain-stake/" }, { "date": "2026-01", "round": "融资框架协议（非约束）", "amount": "最高 $12 亿", "lead": "National Infrastructure Fund（Infra）", "src": "https://developingtelecoms.com/telecom-technology/data-centres-networks/19655-saudi-arabias-humain-and-infra-announce-ai-and-digital-infrastructure-deal.html" } ], "key_data": [ { "k": "NVIDIA 芯片承诺", "v": "至多 84 MW、约 2.7 万 GPU；2026 Q4 先上 14 MW B300（约 6000 张），2027 年中起 70 MW Vera Rubin（约 2.1 万张）", "date": "2026-10", "src": "https://enterpriseam.com/ksa/2026/10/25/humain-signs-nebius-for-up-to-50-mw-as-it-grows-its-nvidia-chip-commitment/" }, { "k": "数据中心容量目标", "v": "2027 年 1.7 GW，2030 年 3 GW，2034 年超 6 GW", "date": "2026-10", "src": "https://enterpriseam.com/ksa/2026/10/25/humain-signs-nebius-for-up-to-50-mw-as-it-grows-its-nvidia-chip-commitment/" } ], "customers": [ "Nebius（拟租至多 50 MW，框架协议）" ], "sells": [ "GPU 租用", "推理 API" ], "billing": [ "包年合同" ], "scale": { "v": "已承诺 NVIDIA 约 2.7 万张 GPU / 84 MW（2026 Q4 起分批）；目标 2027 年 1.7 GW", "date": "2026-10", "src": "https://enterpriseam.com/ksa/2026/10/25/humain-signs-nebius-for-up-to-50-mw-as-it-grows-its-nvidia-chip-commitment/" }, "chips": [ "NVIDIA" ], "datacenter": "自建", "clustermax": "Unavailable", "region": "中东", "note": "Nebius 是首个国际锚定租户，拟在 Neom Oxagon 园区（Humain 与 DataVolt 开发，DataVolt 持有并运营）租用至多 50 MW，2027 Q4 起，为初步框架而非正式合同；另有一块 50 MW 预留给未具名美国客户。只写 AI 云 / 算力业务，不含其模型与应用业务。Humain 股权为 PIF 51% / Aramco 49%（交割报道日 2026-10-31）。ClusterMAX 评级没查到。" }, { "name": "Hut 8（Highrise）", "layer": "a2", "url": "https://hut8.com", "hq": "迈阿密", "founded": 2017, "desc": "出租 AI 机房给 Fluidstack 等；旗下 Highrise 提供 GPU 云", "revenue": { "v": "约 $3.0 亿（年化）", "date": "2026-06", "kind": "Q2 2026 单季 $7,490 万 ×4，含 $7,250 万 Compute 收入（含比特币挖矿等 ASIC 业务），折算口径", "src": "https://www.nasdaq.com/press-release/hut-8-reports-second-quarter-2026-results-2026-08-04" }, "key_data": [ { "k": "AI 园区已签容量", "v": "约 949 MW，三份 15 年租约，基础期合同价值约 $266 亿", "date": "2026-08", "src": "https://www.gurufocus.com/news/9002948/hut-8-corp-hut-q2-2026-earnings-call-highlights-75b-financing-and-949-mw-ai-data-center-expansion-drive-growth" }, { "k": "项目融资", "v": "$75 亿投资级无追索项目融资", "date": "2026-08", "src": "https://www.gurufocus.com/news/9002948/hut-8-corp-hut-q2-2026-earnings-call-highlights-75b-financing-and-949-mw-ai-data-center-expansion-drive-growth" } ], "customers": [ "Fluidstack" ], "public": true, "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "Highrise GPU 云规模未单独披露；机房已签约约 949 MW", "date": "2026-08", "src": "https://www.gurufocus.com/news/9002948/hut-8-corp-hut-q2-2026-earnings-call-highlights-75b-financing-and-949-mw-ai-data-center-expansion-drive-growth" }, "chips": [ "NVIDIA" ], "datacenter": "自建", "clustermax": "Unavailable", "backlog": { "v": "约 $266 亿（三份租约基础期）", "date": "2026-08", "src": "https://www.gurufocus.com/news/9002948/hut-8-corp-hut-q2-2026-earnings-call-highlights-75b-financing-and-949-mw-ai-data-center-expansion-drive-growth" }, "region": "美", "note": "矿企转型。主营是机房电力租赁：River Bend（路易斯安那，245 MW）租给 Fluidstack（与 Anthropic 相关），Beacon Point（得州，两期共约 1 GW）租给未点名的高信用租户。GPU 云（Highrise）与 ASIC 算力并入财报的 Compute 分部，未单独披露收入与卡数，本次未找到 Highrise 的一手规模数字。" }, { "name": "IREN", "layer": "a2", "url": "https://iren.com", "hq": "悉尼", "founded": 2018, "desc": "自建德州等园区 GPU 云，供 Microsoft 等；矿机正在退役", "revenue": { "v": "AI Cloud 已运营 ARR 约 $10 亿；已签约 ARR 约 $40 亿", "date": "2026-08", "kind": "公司自报，FY26 Q4 财报电话会", "src": "https://ca.finance.yahoo.com/news/iren-ltd-iren-q4-2026-170153138.html" }, "key_data": [ { "k": "AI Cloud 单季收入", "v": "$7,050 万（2026-06 季）", "date": "2026-08", "src": "https://ca.finance.yahoo.com/news/iren-ltd-iren-q4-2026-170153138.html" }, { "k": "Microsoft 合同", "v": "5 年期 $97 亿（约 $19.4 亿 ARR）", "date": "2025-11", "src": "https://insight.tmcnet.com:443/insight/iren-limited-raises-arr-outlook-above-4-billion-on-new-ai-contracts-mtegkm0y" }, { "k": "FY27 资本开支指引", "v": "$250–300 亿；已落实融资约 $140 亿", "date": "2026-08", "src": "https://ca.finance.yahoo.com/news/iren-ltd-iren-q4-2026-170153138.html" } ], "customers": [ "Microsoft", "Cohere", "Perplexity", "Figure AI", "Together AI" ], "public": true, "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "2026 年底目标约 14 万张 GPU；5 GW+ 已获电网接入", "date": "2026-02", "src": "https://www.nasdaq.com/articles/iren-aims-34b-ai-cloud-arr-2026-can-it-hit-target" }, "chips": [ "NVIDIA" ], "datacenter": "自建", "clustermax": "Underperform", "backlog": { "v": "已签约 AI Cloud ARR 约 $40 亿（含 Microsoft $97 亿 / 5 年合同）", "date": "2026-08", "src": "https://ca.finance.yahoo.com/news/iren-ltd-iren-q4-2026-170153138.html" }, "region": "全球", "note": "矿企转型（前名 Iris Energy），挖矿预计 2026-12 前全部退役。ClusterMAX 2.0 与 3.0（2026-09）均为 Underperforming，SemiAnalysis 2026-10 又点名其卑诗省两处站点停电与存储故障（Yahoo / Trend and Ticker 转述）。2026 年收购 Mirantis。" }, { "name": "Lambda", "layer": "a2", "url": "https://lambda.ai", "hq": "San Jose", "founded": 2012, "desc": "Nvidia 支持的 GPU 新云，出租训练和推理算力，计划 2027 年上市", "valuation": { "v": "$14.5B（投前）", "date": "2026-10", "kind": "在谈 Pre-IPO 轮投前估值，WSJ / TechCrunch 报道，未交割", "src": "https://techcrunch.com/2026/10/06/ai-computing-startup-lambda-to-raise-4b-ahead-of-planned-ipo/" }, "revenue": { "v": "$1.5B+", "date": "2026", "kind": "全年预期，媒体报道", "src": "https://nai500.com/blog/2026/08/sprinting-toward-ipo-lambdas-latest-fundraising-and-valuation-game-reveals-new-logic-in-ai-computing-capital/" }, "total_raised": "股权融资约 $2.4B（C 轮 $320M、D 轮 $480M、E 轮 $1.5B 等，不含债务和 2026-10 在谈轮）", "funding": [ { "date": "2026-10", "round": "Pre-IPO 轮（在谈）", "amount": "最多 $4B", "lead": "Blackstone、Coatue", "post": "$14.5B 投前", "src": "https://dealroom.co/news/160600-lambda-to-raise-4b-pre-ipo-leaning-on-35b-anthropic-deal/" }, { "date": "2026-10", "round": "Pre-IPO（在谈）", "amount": "至多 $4B", "lead": "Blackstone、Coatue", "post": "投前 $14.5B", "src": "https://techcrunch.com/2026/10/06/ai-computing-startup-lambda-to-raise-4b-ahead-of-planned-ipo/" } ], "key_data": [ { "k": "合同积压（非上市口径）", "v": "$50B（2026-09），6 月为 $15B；其中 Anthropic 8 月底签约 $35B", "date": "2026-09", "src": "https://techcrunch.com/2026/10/06/ai-computing-startup-lambda-to-raise-4b-ahead-of-planned-ipo/" }, { "k": "订单积压", "v": "$150 亿 → $500 亿", "date": "2026-06 → 09", "src": "https://cn.investing.com/news/stock-market-news/article-3597237" }, { "k": "Anthropic 算力合同", "v": "$350 亿", "date": "2026-08", "src": "https://dealroom.co/news/160600-lambda-to-raise-4b-pre-ipo-leaning-on-35b-anthropic-deal/" }, { "k": "未交付订单", "v": "$50B（6 月为 $15B，含 Anthropic $35B 承诺）", "date": "2026-09", "src": "https://pluang.com/en/news-feed/startup-ai-lambda-kumpulkan-4-miliar-dolar-jelang-ipo" }, { "k": "IPO 目标", "v": "2027 年", "date": "2026-10", "src": "https://pluang.com/en/news-feed/startup-ai-lambda-kumpulkan-4-miliar-dolar-jelang-ipo" } ], "customers": [ "Anthropic" ], "tns_named": true, "sells": [ "GPU 租用", "推理 API" ], "billing": [ "卡时", "包年合同" ], "chips": [ "NVIDIA" ], "datacenter": "租机房", "clustermax": "Silver", "region": "美", "note": "积压订单增长主要来自 Anthropic 一笔合同，集中度高。2026-05 换 CEO（Michel Combes）。 2026-10 这轮（最多 $4B，投前 $14.5B）为知情人士报道的在谈轮；股权合计是各轮相加，早期小轮未逐一核对。 补丁：新增 2026-10 在谈 $40 亿 Pre-IPO 轮、投前 $145 亿；目标 2027 年 IPO。2026-05 起 Michel Combes 接任 CEO，联合创始人 Stephen Balaban 转任 CTO。上周另获 $10 亿债务（TechCrunch）。2025-11 TWG 领投 $15 亿（早于 10 月，已有卡应已收）。ClusterMAX 2.0 Silver 为二手汇总。" }, { "name": "Lepton AI", "layer": "a2", "url": "https://www.lepton.ai", "founded": 2023, "desc": "贾扬清创办的 AI 应用云平台，帮开发者在 GPU 上部署和跑推理，现并入 NVIDIA DGX Cloud Lepton", "valuation": { "v": "~$700M", "date": "2025-04", "kind": "收购价，媒体爆料（SemiAnalysis），官方只说数亿美元", "src": "https://www.itsdw.cn/news/11936.html" }, "total_raised": "累计融资约 $11M", "funding": [ { "date": "2023-05", "round": "天使轮", "amount": "$11M", "lead": "红杉中国、Fusion Fund、CRV 参投", "src": "https://news.futunn.com/post/75373003?level=1&data_ticket=1783300074619458" } ], "key_data": [], "owner": "2025 年被 NVIDIA 收购，并入 NVIDIA DGX Cloud Lepton；金额官方未披露（中文转述 SemiAnalysis 称约 $7 亿，未核原文）", "sells": [ "GPU 租用", "调度" ], "billing": [ "卡时" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "region": "全球", "note": "收购后原平台停止独立运营，整合为 DGX Cloud Lepton；2026-06 媒体报道贾扬清已离开 NVIDIA，NVIDIA 与本人未正式回应。 补丁：新增 owner。DGX Cloud Lepton 是 NVIDIA 把多家 GPU 云和市场连成一个入口的平台（NVIDIA 官网）。DCD 标题称 NVIDIA 收缩自家 DGX Cloud，主要留作内部研究（报道，未打开正文）。2026-06 有中文媒体转述 SemiAnalysis，称创始人贾扬清离开 NVIDIA，未见一手来源。建议图谱把它当 NVIDIA 旗下的聚合入口、g 可考虑改为 a4，请主会话决定。" }, { "name": "Nebius（AI Cloud）", "layer": "a2", "url": "https://nebius.com", "hq": "阿姆斯特丹", "founded": 2024, "desc": "上市 AI 云，卖 GPU 集群和 Token Factory 推理平台", "revenue": { "v": "$582.3M（季度，+454% 同比）；2026 年底 ARR 指引 $70–90 亿", "date": "2026-06", "kind": "Q2 2026 季收入与年底 ARR 指引，公司财报（聚合站转述）；Q3 财报将于 2026-11-10 发布", "src": "https://www.kucoin.com/news/insight/NBIS/6a7c6a566842190007a4d84a" }, "total_raised": null, "funding": [ { "date": "2026-03", "round": "战略投资（预融资认股权证）", "amount": "$2B", "lead": "NVIDIA", "src": "https://equibles.com/research/nebius-group-nbis-q3-2026-earnings-preview-and-forecast" } ], "key_data": [ { "k": "年化营收（ARR）", "v": "$30 亿（2026 年 Q1 末 $19 亿）", "date": "2026-06", "src": "https://www.nasdaq.com/articles/nebius-surges-34-post-q2-will-40b-backlog-power-further-growth" }, { "k": "2026 年底 ARR 指引", "v": "$70–90 亿；全年营收指引 $30–34 亿", "date": "2026-08", "src": "https://www.nasdaq.com/articles/nebius-group-q2-earnings-call-highlights" }, { "k": "客户承诺合同额", "v": "约 $400 亿", "date": "2026-08", "src": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094568/tm2622968d1_ex99-2.htm" } ], "customers": [ "Microsoft", "Meta" ], "public": true, "tns_named": true, "sells": [ "GPU 租用", "推理 API", "调度" ], "billing": [ "卡时", "token", "包年合同" ], "scale": { "v": "已签约电力指引约 5 GW；BofA 预计 Q3 末在线约 675 MW、活跃约 525 MW", "date": "2026-10", "src": "https://www.tradingview.com/news/gurufocus:2612e9fc8094b:0-bofa-picks-its-favorite-between-coreweave-and-nebius/" }, "chips": [ "NVIDIA" ], "datacenter": "自建", "clustermax": "Platinum", "backlog": { "v": "约 $40B+ 已承诺合同（Q2 财报会 CFO 口径）；非 SEC 的 RPO 数字", "date": "2026-06", "src": "https://www.kucoin.com/news/insight/NBIS/6a7c6a566842190007a4d84a" }, "region": "全球", "note": "纳斯达克上市（NBIS），2024 年从 Yandex 分拆；rev 为上市公司单季口径，不写估值。2026-02 收购 Tavily（图谱已有 Tavily 卡；彭博报道约 $2.75 亿，据知情人），另收购 Eigen AI、Clarifai。Token Factory 是它面向应用/agent 的推理 API。 补丁：新增 Q2 2026 收入、5 GW 签约电力、40 亿+ 承诺、2026-03 NVIDIA $20 亿。其他：2026-08 发行可转债（报道约 $57.5 亿），Meta 五年最多约 $270 亿订单（2026-03，其中最多 $150 亿为未售容量兜底，报道自 6-K）。财报数字目前只见到聚合站转述，未打开 Nebius 新闻稿原文，请复核。cmax 为 2.0 的 Gold，另有二手来源称最新一轮升为 Platinum，未核。" }, { "name": "Northern Data（Taiga Cloud）", "layer": "a2", "url": "https://northerndata.de", "hq": "法兰克福", "founded": 2022, "desc": "Taiga Cloud 出租约 2.2 万张 H100/H200，另有 Ardent 机房", "revenue": { "v": "€1.7–1.9 亿", "date": "2026-06", "kind": "2026 全年收入指引，公司上调后口径", "src": "https://content-archive.fast-edgar.com/20260617/AR22T62CLZ22MZ5Z2STB2ZY2KNHMW222Z282/ea029508101ex99-1.htm" }, "key_data": [ { "k": "GPU 利用率（出租中占比）", "v": "约 85%（2026-03），2025-12 为 62%", "date": "2026-03", "src": "https://content-archive.fast-edgar.com/20260617/AR22T62CLZ22MZ5Z2STB2ZY2KNHMW222Z282/ea029508101ex99-1.htm" }, { "k": "电力", "v": "已通电及规划约 250 MW，十个数据中心（四个自有）", "date": "2026-06", "src": "https://content-archive.fast-edgar.com/20260617/AR22T62CLZ22MZ5Z2STB2ZY2KNHMW222Z282/ea029508101ex99-1.htm" } ], "customers": [ "Core42", "Together AI", "Tether" ], "owner": "2026-06 被 Rumble 收购约 85.2% 控股（2025-11 宣布，全股票交易，估值约 $7.67 亿）；9 月 Rumble 德国公司表示拟挤出少数股东；资产并入 Rumble 母公司 RUM Group 旗下 Quake AI", "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "约 2.2 万张 NVIDIA H100/H200", "date": "2026-06", "src": "https://content-archive.fast-edgar.com/20260617/AR22T62CLZ22MZ5Z2STB2ZY2KNHMW222Z282/ea029508101ex99-1.htm" }, "chips": [ "NVIDIA" ], "datacenter": "自建", "region": "欧", "note": "核实结论：已被 Rumble 收购控股（非全部持股，少数股东挤出尚在进行），退市在即，故 pub 记 false。Rumble 与 Together AI 签 2.7 亿美元多年期 B300 专用 GPU 云合同（2026 年）。Taiga Cloud 成立年份按 2022 记（Northern Data 母公司更早，起家为矿业），月份未核实。Peak Mining 已于 2025-11 出售。" }, { "name": "Nscale", "layer": "a2", "url": "https://www.nscale.com", "hq": "伦敦", "founded": 2024, "founded_month": "2024-05", "desc": "电力到 token 一体的 AI 云，英国与挪威自建 GPU 数据中心", "valuation": { "v": "$14.6B", "date": "2026-03", "kind": "C 轮投后估值；2026-09 S-1 称 IPO 最高估值 $35B（拟上市，尚未交割）", "src": "https://www.computerweekly.com/news/366639801/AI-factory-builder-Nscale-announces-another-2bn-of-funding" }, "revenue": { "v": "$140.6M", "date": "2026-06", "kind": "2026 上半年收入（S-1 披露，报道转述），不是年化", "src": "https://stcn.com/article/detail/4199611.html" }, "total_raised": "累计股权融资约 $4.9B（Computer Weekly，截至 2026-03）", "funding": [ { "date": "2026-03", "round": "C 轮", "amount": "$2B", "post": "投后 $14.6B", "src": "https://www.computerweekly.com/news/366639801/AI-factory-builder-Nscale-announces-another-2bn-of-funding" }, { "date": "2025-09", "round": "B 轮", "amount": "未核实（报道称含现金与土地实物出资）", "lead": "Aker（出资 $2.85B 含土地实物，报道口径，待核）", "src": "https://coinmarketcap.com/community/zh/articles/6ab608086ae1f423ca95304d/" } ], "key_data": [ { "k": "在用 GPU / 在用加签约", "v": "约 2.5 万 / 46.1 万张", "date": "2026-08", "src": "https://stcn.com/article/detail/4199611.html" }, { "k": "持有或控制电力", "v": "超 10 GW（S-1 报道）", "date": "2026-08", "src": "https://stcn.com/article/detail/4199611.html" }, { "k": "英国 Loughton 站点", "v": "50MW→90MW，2.3 万张 GB300，计划 2026 Q4 上线", "date": "2026-03", "src": "https://www.computerweekly.com/news/366639801/AI-factory-builder-Nscale-announces-another-2bn-of-funding" } ], "customers": [ "Microsoft", "Figure" ], "sells": [ "GPU 租用", "推理 API" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "在用约 2.5 万张 GPU；在用加已签约 46.1 万张；规划管线超 1.3 GW", "date": "2026-08", "src": "https://stcn.com/article/detail/4199611.html" }, "chips": [ "NVIDIA" ], "datacenter": "自建", "clustermax": "Unavailable", "region": "欧", "note": "已向美国 SEC 递交 S-1（2026-09），拟在 NYSE 上市，代码报道为 NSCL，拟募资最高 $30 亿。S-1 数字目前只见到证券时报等转述，未打开 SEC 原件。NVIDIA 同时是供应商、客户和投资方（报道称合计约 $3.1B）。另有 $3.5B 的 Figure 算力协议、约 $3B 有担保定期贷款（Texas Ward County 与 North Carolina）；合同积压报道约 $103B，未见一手出处，未写入 backlog。ClusterMAX 2.0 没查到 Nscale 的评级。B 轮领投与金额各来源口径不一，待核。" }, { "name": "Ori", "layer": "a2", "url": "https://www.ori.co", "hq": "伦敦", "founded": 2018, "founded_month": "2018-10", "desc": "按需 GPU 实例、Kubernetes 与微调，已并入 Brookfield 的 Radiant", "total_raised": "未披露一手口径；Data Sales Co. 称两年内提供约 $1 亿非稀释租赁融资", "funding": [ { "date": "2025-02", "round": "融资（轮次未披露）", "amount": "$140M", "lead": "未披露", "src": "https://dealroom.co/companies/ori-1/" } ], "key_data": [ { "k": "全球部署点", "v": "20+ 个地点", "date": "2026-04", "src": "https://www.tmcnet.com/usubmit/2026/04/02/10359205.htm" }, { "k": "GPU 服务器租赁融资", "v": "约 $1 亿（Data Sales Co.）", "date": "2026-04", "src": "https://www.tmcnet.com/usubmit/2026/04/02/10359205.htm" } ], "owner": "2026-02 被 Brookfield 并入新成立的 Radiant（金额未披露；创始人 Mahdi Yahya 任 Radiant 总裁，Wa'ed Ventures 预计保留股份）", "sells": [ "GPU 租用", "微调" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "未披露 GPU 总数", "date": "2026-04", "src": "https://www.tmcnet.com/usubmit/2026/04/02/10359205.htm" }, "chips": [ "NVIDIA" ], "datacenter": "租机房", "clustermax": "Participation", "region": "全球", "note": "Ori 品牌已并入 Radiant（radiant.co），仍运营 Ori Global AI Cloud。融资 $140M（2025-02）仅有 Dealroom 聚合站出处，未找到一手公告，kind 为聚合站；Wa'ed Ventures（沙特阿美风投）战略投资金额未披露。ClusterMAX 2.1 / 3.0 中 Radiant 的评级未能核实一手来源，故不写。" }, { "name": "Sesterce", "layer": "a2", "url": "https://www.sesterce.com", "hq": "马赛", "founded": 2018, "founded_month": "2018-09", "desc": "法国 GPU 云，租 H100 等整机，另在规划大型 AI 数据中心", "revenue": { "v": "约 €2,000 万", "date": "2025-02", "kind": "年收入，媒体报道（Le Journal des Entreprises）", "src": "https://www.lejournaldesentreprises.com/article/ia-la-start-up-marseillaise-sesterce-annonce-des-projets-dinvestissement-massifs-dans-la-drome-et-le-2113238" }, "key_data": [ { "k": "声称管理 GPU 数", "v": "10 万张，1 GW 算力，€7.5 亿投资（公司自称，据 ClusterMAX 转述）", "date": "2025-11", "src": "https://clustermax.semianalysis.com/cloudreview/sesterce" }, { "k": "Valence 数据中心计划", "v": "首期 €4.5 亿、4 万张 GPU，原计划 2026 年底上线；2026-07 被格勒诺布尔行政法院暂停，公司已上诉至国务院", "date": "2026-09", "src": "https://www.challenges.fr/entreprise/tech-numerique/dun-garage-aux-milliards-de-lia-avec-sesterce-youssef-el-manssouri-voit-grand-pour-ses-data-centers_645507" } ], "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "称管理 10 万张 GPU（自称）；Valence 一期规划 4 万张", "date": "2025-11", "src": "https://clustermax.semianalysis.com/cloudreview/sesterce" }, "chips": [ "NVIDIA" ], "datacenter": "租机房", "clustermax": "Unavailable", "region": "欧", "note": "ClusterMAX 2.0（2025-11）评 Underperforming，评语称其多个 'region' 疑似转租他人机房。起家做比特币挖矿（矿企转型）。2026-05 宣布与软银在 Somme 合作 1 GW 算力中心（Challenges 报道）。融资情况未查到公开一手数字。" }, { "name": "TensorWave", "layer": "a2", "url": "https://tensorwave.com", "hq": "拉斯维加斯", "founded": 2023, "desc": "全 AMD GPU 的 AI 云，租 Instinct 集群替代英伟达", "valuation": { "v": "$1.55B", "date": "2026-06", "kind": "B 轮投后估值，公司公告", "src": "https://www.businesswire.com/news/home/20260610650010/en/TensorWave-Raises-%24350-Million-Series-B-at-%241.55B-Valuation-to-Expand-Global-AMD-Powered-AI-Infrastructure" }, "total_raised": "累计融资约 $4.93 亿", "funding": [ { "date": "2026-06", "round": "B 轮", "amount": "$3.5 亿", "lead": "AMD Ventures、Magnetar Capital", "post": "$15.5 亿投后", "src": "https://techfundingnews.com/tensorwave-350m-series-b-all-amd-ai-infrastructure/" }, { "date": "2025-05", "round": "A 轮", "amount": "$1 亿", "lead": "AMD Ventures、Magnetar Capital", "src": "https://www.hpcwire.com/aiwire/tag/tensorwave/" }, { "date": "2024-10", "round": "种子（SAFE）", "amount": "$4300 万", "src": "https://techfundingnews.com/tensorwave-350m-series-b-all-amd-ai-infrastructure/" } ], "key_data": [ { "k": "在线 GPU", "v": "8,192 张 MI325X（全 AMD 训练集群）", "date": "2026-06", "src": "https://techfundingnews.com/tensorwave-350m-series-b-all-amd-ai-infrastructure/" }, { "k": "长期数据中心容量", "v": "超 2GW", "date": "2026-06", "src": "https://techfundingnews.com/tensorwave-350m-series-b-all-amd-ai-infrastructure/" } ], "customers": [ "Fireworks AI", "Luma AI" ], "sells": [ "GPU 租用", "推理 API" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "已部署约 8000 张 AMD MI325X 训练集群；新资金用于 MI355X", "date": "2026-06", "src": "https://thenextweb.com/news/tensorwave-350m-series-b-amd-nvidia-rival" }, "chips": [ "AMD" ], "datacenter": "租机房", "clustermax": "Silver", "region": "美", "note": "未找到公司自报的收入数字，故不写 rev。 补丁：新增 2026-06 B 轮 $3.5 亿、估值约一年前 $4 亿的近四倍。ClusterMAX 2.0 评级没查到；1.0 时为 Bronze，之后一轮二手汇总放在 Silver，未核原文。dc 为推断。" }, { "name": "TeraWulf", "layer": "a2", "url": "https://www.terawulf.com", "hq": "马里兰州伊斯顿", "founded": 2021, "desc": "把矿场改成 AI 机房租给 Fluidstack、Anthropic，不卖 GPU 云", "revenue": { "v": "约 $1.79 亿（年化）", "date": "2026-06", "kind": "Q2 2026 单季 $4,480 万 ×4，其中 HPC 租赁收入 $3,190 万（占 71%），折算口径", "src": "https://www.nasdaq.com/articles/terawulf-q2-earnings-call-highlights-hpc-execution-and-expansion" }, "key_data": [ { "k": "已签 HPC 容量", "v": "约 839 MW 关键 IT 负载", "date": "2026-10", "src": "https://www.ainvest.com/news/ai-boom-real-toll-building-power-terawulf-built-gate-2610/" }, { "k": "Anthropic 租约", "v": "20 年、约 401 MW、约 $190 亿（肯塔基园区）", "date": "2026-08", "src": "https://www.ainvest.com/news/ai-boom-real-toll-building-power-terawulf-built-gate-2610/" }, { "k": "Lake Mariner 在运容量", "v": "102 MW 关键 IT", "date": "2026-07", "src": "https://www.nasdaq.com/articles/terawulf-q2-earnings-call-highlights-hpc-execution-and-expansion" } ], "customers": [ "Fluidstack", "Anthropic", "Core42" ], "public": true, "sells": [ "GPU 租用" ], "billing": [ "包年合同" ], "scale": { "v": "不运营 GPU，出租约 839 MW 机房容量", "date": "2026-10", "src": "https://www.ainvest.com/news/ai-boom-real-toll-building-power-terawulf-built-gate-2610/" }, "datacenter": "自建", "backlog": { "v": "约 839 MW 已签约；仅 Anthropic 一份租约合同价值约 $190 亿", "date": "2026-10", "src": "https://www.ainvest.com/news/ai-boom-real-toll-building-power-terawulf-built-gate-2610/" }, "region": "美", "note": "矿企转型。纯机房出租（无对外 GPU 云），sell 留空。Google 为 Fluidstack 的租约提供信用担保（Lake Mariner 部分 $6 亿已生效，Google 持约 8% 股权）。德州 Abernathy 与 Fluidstack 的合资（TeraWulf 持 51%，168 MW，$95 亿，2025-09 公告）后续据 Economic Times 报道公司将出售该权益——细节未核实。" }, { "name": "Voltage Park（现属 Lightning AI）", "layer": "a2", "url": "https://www.voltagepark.com", "hq": "旧金山", "founded": 2023, "desc": "自有 H100 / B200 / GB300 的裸金属 GPU 云，已并入 Lightning AI", "valuation": { "v": "$2.5B+", "date": "2026-01", "kind": "合并后 Lightning AI 估值，Forbes 报道经二手转载", "src": "https://aiwiki.ai/wiki/voltage_park" }, "revenue": { "v": "$500M+", "date": "2026-01", "kind": "合并后公司 ARR，公司自报（Forbes 转述）；Voltage Park 2024 约 $1800 万", "src": "https://aiwiki.ai/wiki/voltage_park" }, "total_raised": "Navigation Fund（非营利）初始出资约 $9 亿建立 Voltage Park，无外部股权轮", "funding": [ { "date": "2026-01", "round": "合并（Lightning AI × Voltage Park）", "amount": "未披露", "post": "合并后估值超 $2.5B", "src": "https://aiwiki.ai/wiki/voltage_park" } ], "key_data": [ { "k": "自有 GPU", "v": "36,000+ 张 H100 / B200 / GB300", "date": "2026-01", "src": "https://aiwiki.ai/wiki/voltage_park" }, { "k": "Lightning AI 平台开发者", "v": "约 40 万", "date": "2026-01", "src": "https://aiwiki.ai/wiki/voltage_park" } ], "owner": "2026-01 与 Lightning AI 合并，合并后用 Lightning AI 品牌，William Falcon 任 CEO（金额未披露）", "sells": [ "GPU 租用", "推理 API", "微调", "Serverless" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "自有 3.6 万+ GPU（合并口径）", "date": "2026-01", "src": "https://aiwiki.ai/wiki/voltage_park" }, "chips": [ "NVIDIA" ], "datacenter": "租机房", "region": "美", "note": "Voltage Park 品牌是否继续对外独立使用未核，建议图谱主名用 Lightning AI（含 Voltage Park），请主会话决定是否改名。2025-03 收购 TensorDock。ClusterMAX 2.0 评级没查到；之后一轮二手汇总放在 Silver，未核原文。dc 判断（租机房）依据：报道称在德州等多个第三方机房，未逐站核实。" }, { "name": "WhiteFiber", "layer": "a2", "url": "https://www.whitefiber.com", "hq": "纽约", "founded": 2024, "founded_month": "2024-08", "desc": "自建 HPC 机房并出租 GPU 云，签多年期 B300 / Rubin 集群合同", "revenue": { "v": "已签云合同全部上线后年化收入 >$200M", "date": "2026-08", "kind": "公司预期，Q2 财报电话会", "src": "https://www.fool.com/earnings/call-transcripts/2026/08/12/whitefiber-wyfi-q2-2026-earnings-call-transcript/" }, "total_raised": "上市前由母公司 Bit Digital 内部出资；IPO 募资约 $183M", "funding": [ { "date": "2025-08", "round": "IPO（纳斯达克 WYFI）", "amount": "$159.4M（含超额配售共约 $183.3M）", "lead": "B. Riley Securities、Needham（承销商）", "post": "发行价 $17/股", "src": "https://www.sec.gov/Archives/edgar/data/2042022/000121390025109964/R17.htm" } ], "key_data": [ { "k": "Q2 后新签云合同", "v": "合计 >$5.4 亿（Base 10：1,392 张 B300，$1.65 亿；Prime Intellect：576 张 Vera Rubin，$1.08 亿）", "date": "2026-08", "src": "https://www.benzinga.com:8443/trading-ideas/movers/26/08/61152865/whitefiber-expands-ai-infrastructure-cloud-contracts-exceed-540-million" }, { "k": "托管（colocation）RPO", "v": "约 $9.33 亿，主要来自 NC-1 与 Nscale 的合同", "date": "2026-06", "src": "https://www.benzinga.com:8443/trading-ideas/movers/26/08/61152865/whitefiber-expands-ai-infrastructure-cloud-contracts-exceed-540-million" }, { "k": "跟踪中的 GPU 管线", "v": ">5 万张 GPU，加权管线价值 $33 亿", "date": "2026-08", "src": "https://www.nasdaq.com/articles/wyfi-gears-report-q2-earnings-heres-what-investors-should-know" } ], "customers": [ "Base 10", "Prime Intellect", "Hyperbolic", "Nscale" ], "public": true, "sells": [ "GPU 租用" ], "billing": [ "包年合同" ], "scale": { "v": "云合同覆盖数千张 B300 / Vera Rubin；NC-1 园区 54 MW 电力；未披露在运 GPU 总数", "date": "2026-08", "src": "https://www.nasdaq.com/articles/wyfi-gears-report-q2-earnings-heres-what-investors-should-know" }, "chips": [ "NVIDIA" ], "datacenter": "自建", "clustermax": "Underperform", "backlog": { "v": "托管 RPO 约 $9.33 亿 + 新签云合同 >$5.4 亿", "date": "2026-06", "src": "https://www.benzinga.com:8443/trading-ideas/movers/26/08/61152865/whitefiber-expands-ai-infrastructure-cloud-contracts-exceed-540-million" }, "region": "全球", "note": "矿企转型：2025-08 从 Bit Digital 分拆上市（母公司仍持约 71%），业务含自有机房托管 + GPU 云；部分 GPU 部署在第三方机房（如安大略）。未查到 ClusterMAX 评级。母公司 Bit Digital 原为比特币矿企。" }, { "name": "Yotta（Shakti Cloud）", "layer": "a2", "url": "https://shakti.cloud", "hq": "孟买", "founded": 2019, "desc": "印度 Shakti Cloud：Blackwell GPU 集群、裸金属与推理端点", "valuation": { "v": "约 Rs 37,000 crore", "date": "2026-07", "kind": "成长资本轮估值，公司官号转发报道", "src": "https://www.linkedin.com/posts/shakti-cloud_yotta-infrastructure-ai-activity-7479865883805339649-Ml1i" }, "funding": [ { "date": "2026-07", "round": "成长资本（非机构投资者）", "amount": "约 $150M", "lead": "未披露（据报道为高净值个人与家族办公室）", "post": "估值约 Rs 37,000 crore", "src": "https://www.linkedin.com/posts/shakti-cloud_yotta-infrastructure-ai-activity-7479865883805339649-Ml1i" } ], "key_data": [ { "k": "Blackwell Ultra 订单", "v": "2026-02 订 20,736 张；2026-09 向 NVIDIA 追加 8 万张（约 $120 亿，7 个月内第三笔）", "date": "2026-09", "src": "https://the-ken.com/story/whos-actually-paying-for-yotta-rivals-multi-billion-dollar-nvidia-orders/" }, { "k": "NVIDIA 租用协议", "v": "NVIDIA 在 Yotta 机房建云集群，4 年合同价值 >$10 亿", "date": "2026-02", "src": "https://ph.investing.com/news/stock-market-news/indias-yotta-plans-2-bln-ai-processing-hub-with-nvidias-blackwell-ultra-chips-2238234" } ], "customers": [ "NVIDIA" ], "sells": [ "GPU 租用", "Serverless", "推理 API" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "2025 年底约 3.28 万张 GPU（ClusterMAX 转述）；目标 FY27 达 8.5 万张", "date": "2026-07", "src": "https://clustermax.semianalysis.com/cloudreview/yotta" }, "chips": [ "NVIDIA" ], "datacenter": "自建", "clustermax": "Unavailable", "region": "亚", "note": "ClusterMAX 2.0 标 Unavailable（测试中遇到困难，未评级）。放弃 SPAC 美股上市，计划 2027 前后在印度 IPO，目标估值约 $60 亿（The Ken 报道，来源为创始人）。董事长称计划投资 $200 亿 GPU（媒体转述）。成立年份 2019 来自记忆，未在本次搜索中核实。" }, { "name": "Akamai Cloud（Linode）", "layer": "a3", "url": "https://www.akamai.com/cloud", "hq": "马萨诸塞州剑桥", "founded": 2022, "founded_month": "2022-03", "desc": "Linode 并入后的 GPU 云与分布式推理，已签多份多年大单", "revenue": { "v": "约 $3.96 亿（云基础设施服务年化）", "date": "2026-06", "kind": "Q2 2026 云基础设施服务收入 $9,930 万（+39%）×4，折算口径", "src": "https://www.nasdaq.com/articles/akamai-q2-earnings-beat-estimates-revenues-y-y-solid-demand" }, "key_data": [ { "k": "2026 年累计云基础设施多年承诺", "v": ">$28 亿（含一份 4 年 $6 亿机器人公司 GPU 合同）", "date": "2026-08", "src": "https://www.mitrade.com/insights/news/live-news/article-8-1995801-20260814" }, { "k": "云基础设施服务全年增速指引", "v": "≥50%（不变汇率）", "date": "2026-08", "src": "https://www.investing.com/news/transcripts/earnings-call-transcript-akamai-tops-q2-2026-estimates-as-stock-jumps-12-93CH-4844578" } ], "product_line_of": "Akamai", "public": true, "sells": [ "GPU 租用", "推理 API" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "未披露 GPU 总数；2026 年追加向 NVIDIA 下大单", "date": "2026-08", "src": "https://www.fool.com/earnings/call-transcripts/2026/08/13/akamai-akam-q2-2026-earnings-call-transcript/" }, "chips": [ "NVIDIA" ], "datacenter": "租机房", "clustermax": "Underperform", "backlog": { "v": "2026 年已签云基础设施多年承诺 >$28 亿", "date": "2026-08", "src": "https://www.mitrade.com/insights/news/live-news/article-8-1995801-20260814" }, "region": "全球", "note": "Linode 于 2022-03 被 Akamai 收购，founded 按产品并入年份记，月份为记忆，请抽检。未查到 ClusterMAX 评级。Akamai 披露大单合同毛利：非 GAAP 现金毛利率约 60% 中到 70% 中。" }, { "name": "DigitalOcean（含 Paperspace）", "layer": "a3", "url": "https://www.digitalocean.com", "hq": "纽约", "founded": 2012, "desc": "面向开发者的云：GPU Droplet、托管推理引擎、Agent 运行环境", "revenue": { "v": "AI 客户 ARR $2.34 亿（同比 +200%+）；整体 Q2 收入 $2.81 亿（年化约 $11.2 亿）", "date": "2026-08", "kind": "公司自报，Q2 2026 财报电话会", "src": "https://ca.investing.com/news/company-news/digitalocean-holdings-inc-docn-q2-2026-earnings-call-highlights-record-aidriven-growth--4775222" }, "funding": [ { "date": "2026", "round": "GPU 设备融资额度", "amount": "$725M", "lead": "未披露", "src": "https://www.ainvest.com/news/digitalocean-ai-pivot-real-valuation-paid-conversion-2610/" } ], "key_data": [ { "k": "推理引擎客户数", "v": "6,000+ 家，token 量 60 天内增长 30 倍", "date": "2026-08", "src": "https://ca.investing.com/news/company-news/digitalocean-holdings-inc-docn-q2-2026-earnings-call-highlights-record-aidriven-growth--4775222" }, { "k": "AI ARR 中非裸金属占比", "v": "85%", "date": "2026-08", "src": "https://ca.investing.com/news/company-news/digitalocean-holdings-inc-docn-q2-2026-earnings-call-highlights-record-aidriven-growth--4775222" } ], "public": true, "tns_named": true, "also_layers": [ "b1" ], "sells": [ "GPU 租用", "推理 API", "Serverless" ], "billing": [ "卡时", "token" ], "scale": { "v": "未披露 GPU 总数", "date": "2026-08", "src": "https://ca.investing.com/news/company-news/digitalocean-holdings-inc-docn-q2-2026-earnings-call-highlights-record-aidriven-growth--4775222" }, "chips": [ "NVIDIA", "AMD" ], "datacenter": "租机房", "clustermax": "Bronze", "backlog": { "v": "RPO 约 $8.94 亿", "date": "2026-06", "src": "https://www.ainvest.com/news/digitalocean-ai-pivot-real-valuation-paid-conversion-2610/" }, "region": "全球", "note": "Paperspace 于 2023 年被收购（约 $1.11 亿，ainvest 转述）。ClusterMAX 3.0（2026-09）Bronze，2.0 同为 Bronze（评语：无 Slurm、无 K8s）。RPO $8.94 亿与 $7.25 亿设备融资仅见聚合站（AInvest）；AMD GPU 为记忆，未在本次搜索中核实。Q3 财报 2026-11-04。" }, { "name": "Genesis Cloud", "layer": "a3", "url": "https://www.genesiscloud.com", "hq": "慕尼黑", "founded": 2018, "desc": "欧洲 GPU 云（公共云与裸金属集群），技术团队已并入 Volta", "total_raised": "约 $6.6M（Crustdata 口径，聚合站）", "funding": [ { "date": "2020-09", "round": "种子轮", "amount": "$4.1M", "lead": "未披露", "src": "https://profiles.crustdata.com/company/genesis-cloud" } ], "key_data": [ { "k": "用户数", "v": "2 万+", "date": "2026-08", "src": "https://techfundingnews.com/volta-raises-300m-at-2-4b-valuation-with-nvidia-and-dell-backing/" } ], "owner": "2026 年初被 Volta Infrastructure 收购团队与技术（Volta 2026-08 披露；金额未披露）", "sells": [ "GPU 租用" ], "billing": [ "卡时" ], "scale": { "v": "未披露", "date": "2026-09", "src": "https://profiles.crustdata.com/company/genesis-cloud" }, "chips": [ "NVIDIA" ], "datacenter": "租机房", "region": "欧", "note": "Volta 由前 Brookfield 高管创办（2026 年），2026-08 融资 $3 亿，估值 $24 亿（TFN 报道）。Genesis Cloud 的独立品牌是否继续运营未核实，Crustdata 显示其员工数已降至个位数。融资数字仅见聚合站，kind 为聚合站。" }, { "name": "Hyperstack（NexGen Cloud）", "layer": "a3", "url": "https://www.hyperstack.cloud", "hq": "伦敦", "founded": 2020, "desc": "按需 GPU 虚拟机与私有云，近年转向大集群", "valuation": { "v": "$3.54 亿", "date": "2025-04", "kind": "A 轮投后估值，公司公告", "src": "https://www.nexgencloud.com/news/nexgen-cloud-secures-45-million-in-series-a-funding-to-expand-sovereign-ai-infrastructure-in-europe" }, "revenue": { "v": "2023–2024 年收入 £7,200 万（2024 年底 AI 云收入超 $7,000 万）", "date": "2025-04", "kind": "公司自报", "src": "https://www.nexgencloud.com/news/nexgen-cloud-secures-45-million-in-series-a-funding-to-expand-sovereign-ai-infrastructure-in-europe" }, "total_raised": "约 $93M（CB Insights 口径，含债务，聚合站；官方新增债务后更高）", "funding": [ { "date": "2025-04", "round": "A 轮", "amount": "$45M", "lead": "高净值个人与家族信托（未点名）", "post": "投后 $354M", "src": "https://www.nexgencloud.com/news/nexgen-cloud-secures-45-million-in-series-a-funding-to-expand-sovereign-ai-infrastructure-in-europe" }, { "date": "2026-06", "round": "债务融资（GPU 抵押）", "amount": "$34M", "lead": "USD.AI", "src": "https://uk.advfn.com/stock-market/share-news/USD-AI-Provides-34M-Facility-to-Finance-NexGen-Cl/98811562" }, { "date": "2026-10", "round": "债务融资（GPU 抵押，4 年）", "amount": "$106M", "lead": "USD.AI（Silver Point Capital、Victory Park Capital 跟投）", "src": "https://www.eu.vc/p/nexgen-cloud-106m-gpu-backed-loan-finland" } ], "key_data": [ { "k": "用户数", "v": "1 万+", "date": "2025-04", "src": "https://www.nexgencloud.com/news/nexgen-cloud-secures-45-million-in-series-a-funding-to-expand-sovereign-ai-infrastructure-in-europe" }, { "k": "芬兰 EU2 新集群", "v": "216 台 HGX B300 服务器 = 1,728 张 GPU，4 年 take-or-pay 合同已锁定", "date": "2026-10", "src": "https://www.eu.vc/p/nexgen-cloud-106m-gpu-backed-loan-finland" } ], "customers": [ "Red Hat", "Ingenix.AI", "Tyne", "ArchiLabs" ], "tns_named": true, "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "2026 年内计划在芬兰部署 4,500 张 B300（另有瑞典 B200 集群）", "date": "2026-06", "src": "https://uk.advfn.com/stock-market/share-news/USD-AI-Provides-34M-Facility-to-Finance-NexGen-Cl/98811562" }, "chips": [ "NVIDIA" ], "datacenter": "租机房", "clustermax": "Bronze", "region": "欧", "note": "ClusterMAX 2.0 与 3.0 均为 Bronze（3.0 评测中拉起 vLLM 服务最慢，约 2 分钟）。早期做区块链基础设施，后转 AI。GlobalData 称其不自有数据中心，靠长期协议获取 GPU 资源。" }, { "name": "Latitude.sh", "layer": "a3", "url": "https://www.latitude.sh", "hq": "圣保罗", "founded": 2014, "desc": "秒级开通的裸金属 GPU / CPU 服务器，主打推理", "revenue": { "v": "三份新合同合计年化约 $6,520 万 ARR（TCV 约 $1.83 亿）", "date": "2026-05", "kind": "母公司 Megaport 披露", "src": "https://www.techpartner.news/news/megaport-subsidiary-secures-trio-of-contracts-worth-254m-625875" }, "funding": [ { "date": "2025-11", "round": "被收购", "amount": "$1.5 亿预付 + 最多 $1.5 亿或有对价", "lead": "Megaport（ASX: MP1）", "src": "https://data-api.marketindex.com.au/api/v1/announcements/XASX:MP1:2A1635291/pdf/inline/equity-raising-presentation" } ], "key_data": [ { "k": "按需 B300 池", "v": "计划 2026 年秋季上线 2,048 张 B300", "date": "2026-07", "src": "https://www.latitude.sh/blog/weve-secured-594m-to-build-the-global-ai-inference-cloud" }, { "k": "母公司募资", "v": "A$8.27 亿（约 $5.94 亿），其中约 A$3.7 亿用于交付 4 份 AI 基础设施合同", "date": "2026-07", "src": "https://www.latitude.sh/blog/weve-secured-594m-to-build-the-global-ai-inference-cloud" } ], "owner": "2025-11-26 被 Megaport 收购（预付 $1.5 亿 + 最多 $1.5 亿或有对价，合计最高 $3 亿）", "tns_named": true, "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "将新增 2,048 张 B300 按需池；合同含 GPU / CPU 混合，总量未披露", "date": "2026-07", "src": "https://www.latitude.sh/blog/weve-secured-594m-to-build-the-global-ai-inference-cloud" }, "chips": [ "NVIDIA" ], "datacenter": "租机房", "clustermax": "Participation", "region": "全球", "note": "成立年份与总部城市（前身 Maxihost，创始人 Soubihé 兄弟）按记忆填写，未在本次搜索中核实官方来源，请抽检。2026-05 三份合同中两份 36 个月期，客户为未点名的美国 AI 推理公司。ClusterMAX 未查到评级。" }, { "name": "OVHcloud", "layer": "a3", "url": "https://www.ovhcloud.com", "hq": "鲁贝（法国）", "founded": 1999, "desc": "自建服务器与机房；GPU 实例与按 token 计费的 AI Endpoints", "revenue": { "v": "€11.45 亿", "date": "2026-08", "kind": "FY2026（至 2026-08-31）整体收入，非 AI 专项，公司自报", "src": "https://corporate.ovhcloud.com/sites/default/files/2026-10/ovhcloud_cp_fy_2026_vdef_fr.pdf" }, "key_data": [ { "k": "AI Endpoints 开源模型数", "v": "20 个", "date": "2026-09", "src": "https://neuost.ai/ki-tools/ovhcloud/" }, { "k": "Public Cloud 增速", "v": "Q4 +20%", "date": "2026-10", "src": "https://corporate.ovhcloud.com/sites/default/files/2026-10/ovhcloud_cp_fy_2026_vdef_fr.pdf" } ], "public": true, "also_layers": [ "b1" ], "sells": [ "GPU 租用", "推理 API" ], "billing": [ "卡时", "token" ], "scale": { "v": "公开目录：H200 / H100 / L40S / L4 等；总数未披露", "date": "2026-09", "src": "https://computeprices.com/providers/ovhcloud" }, "chips": [ "NVIDIA" ], "datacenter": "自建", "clustermax": "Underperform", "region": "欧", "models": { "v": "20", "date": "2026-09", "src": "https://neuost.ai/ki-tools/ovhcloud/" }, "note": "上市公司（Euronext）。公司称 2027 年 AI 进入'部署阶段'，策略已重新定义。AI Endpoints 推理仅在格拉沃利讷一地运行；公开价目表无 Blackwell 实例（ComputePrices，聚合站）。模型数来自第三方测评页，未直接核官网。ClusterMAX 未查到评级。" }, { "name": "Scaleway", "layer": "a3", "url": "https://www.scaleway.com", "hq": "巴黎", "founded": 1999, "desc": "法国云：H100/B300 集群、AMD MI355X 超算与 40+ 模型 Generative APIs", "key_data": [ { "k": "Generative APIs 模型数", "v": "40+", "date": "2026-10", "src": "https://neurone21.com/p/scaleway-ai-pulse-gpu-stockholm-copenhague" }, { "k": "GPU Zones", "v": "巴黎、哥本哈根（数千张 B300）、斯德哥尔摩（696 张 AMD MI355X）", "date": "2026-10", "src": "https://www.journaldunet.com/cloud/1556529-ai-pulse-2026-scaleway-muscle-son-offre-ia-avec-amd-vsora-et-de-nouveaux-llm/" } ], "customers": [ "Airbus", "LVMH", "MAIF" ], "product_line_of": "iliad", "also_layers": [ "b1" ], "sells": [ "GPU 租用", "推理 API" ], "billing": [ "卡时", "token" ], "scale": { "v": "哥本哈根数千张 B300；斯德哥尔摩 696 张 MI355X", "date": "2026-10", "src": "https://www.journaldunet.com/cloud/1556529-ai-pulse-2026-scaleway-muscle-son-offre-ia-avec-amd-vsora-et-de-nouveaux-llm/" }, "chips": [ "NVIDIA", "AMD" ], "datacenter": "自建", "clustermax": "Unavailable", "region": "欧", "models": { "v": "40+", "date": "2026-10", "src": "https://neurone21.com/p/scaleway-ai-pulse-gpu-stockholm-copenhague" }, "note": "iliad 集团子公司（上市母公司，Scaleway 本身不单独上市）。founded 写 1999 为母体 Online.net 起点，Scaleway 品牌年份未核实。ClusterMAX 1.0（2025-03）Silver；3.0 勋章名单未见 Scaleway。2026-07 收购 Qarnot（HPC / 余热）。Generative APIs 实际在巴黎单一机房运行（Opper 页）。dc 记自建依据：iliad 自有机房，未直接核实。" }, { "name": "Verda", "layer": "a3", "url": "https://verda.com", "hq": "赫尔辛基", "founded": 2020, "desc": "欧洲 GPU 云（原 DataCrunch），按需租 GPU 跑训练、推理和 agent", "valuation": { "v": "超 $10 亿", "date": "2026-09", "kind": "B 轮后，媒体报道", "src": "https://techfundingnews.com/verda-189m-series-b-unicorn-ai-cloud-helsinki/" }, "revenue": { "v": "$1.65 亿（年化收入运行率）", "date": "2026-07", "kind": "公司自报，经聚合站转述", "src": "https://seedtable.com/companies/verda" }, "total_raised": "股权加债务累计超 $450M（公司自报）", "funding": [ { "date": "2026-04", "round": "股权 + 债务", "amount": "$117M", "lead": "Lifeline Ventures（股权部分）", "src": "https://verda.com/blog/100m-revenue-run-rate" }, { "date": "2026-07", "round": "上一轮扩大（北欧投资银行加入，债务）", "amount": "扩至 $155M", "lead": "Nordea、OP、Danske、NIB 等银行", "src": "https://verda.com/blog/nib-funding-155m" }, { "date": "2026-09", "round": "B 轮", "amount": "$189M", "lead": "Emergence Capital", "post": "$1B+ 投后", "src": "https://www.emcap.com/thoughts/our-investment-in-verda-a-full-stack-ai-cloud" } ], "key_data": [ { "k": "年化收入", "v": "$100M（18 个月涨 10 倍）", "date": "2026-06", "src": "https://verda.com/blog/100m-revenue-run-rate" } ], "customers": [ "1X", "Freepik", "ExpressVPN" ], "sells": [ "GPU 租用" ], "billing": [ "卡时" ], "clustermax": "Bronze", "region": "欧", "note": "2025 年由 DataCrunch 改名 Verda。NVIDIA Preferred Partner，芬兰数据中心用 100% 可再生能源。Brex 2026 秋季增速榜第 19 名。 补丁：新增 B 轮 $1.89 亿（2026-09，累计融资超 $4.5 亿）；2026-04 的 $1.17 亿（股债混合，Lifeline Ventures 领投）若原卡未收，请补。ClusterMAX 3.0（2026-09）Bronze，与 2.0 一致（来源 https://verda.com/blog/clustermax-3）。目标 2027 年运营容量超 250 MW。ARR $1.65 亿仅见 Seedtable 聚合站，kind 为聚合站。" }, { "name": "Vultr", "layer": "a3", "url": "https://www.vultr.com", "hq": "西棕榈滩（佛罗里达）", "founded": 2014, "desc": "独立云厂商，按小时租 GPU、裸金属和云主机，主打比三大云便宜", "valuation": { "v": "$3.5B", "date": "2024-12", "kind": "成长轮估值（公司公告）", "src": "https://www.businesswire.com/news/home/20241218657527/en/" }, "total_raised": "股权 $333M，另有 2025 年约 $329M 信贷（媒体报道）；此前自筹十年", "funding": [ { "date": "2024-12", "round": "成长轮（首轮外部股权）", "amount": "$333M", "lead": "LuminArx Capital、AMD Ventures", "post": "$3.5B", "src": "https://www.businesswire.com/news/home/20241218657527/en/" } ], "key_data": [ { "k": "数据中心区域", "v": "32 个，覆盖 6 大洲", "date": "2024-12", "src": "https://www.businesswire.com/news/home/20241218657527/en/" }, { "k": "H100 裸金属价格", "v": "约 $2.99 / 卡 / 小时（公司称比三大云便宜 50–90%）", "date": "2026-04", "src": "https://www.ettayeb.fr/en/cloud/vultr-gpu-cloud-alternative-hyperscalers/" } ], "tns_named": true, "sells": [ "GPU 租用", "推理 API" ], "billing": [ "卡时", "包年合同" ], "scale": { "v": "俄亥俄州 Springfield 50 MW、约 2.4 万张 AMD MI355X（投资超 $10 亿，原计划 2026 年初上线）", "date": "2025-12", "src": "https://www.reuters.com/business/vultr-invest-1-billion-ohio-ai-cluster-using-amd-chips-2025-12-02/" }, "chips": [ "NVIDIA", "AMD" ], "datacenter": "租机房", "clustermax": "Participation", "region": "全球", "note": "Brex 2026 夏季增速榜第 16 名（Brex 标为「给 AI 开发者的基础设施」）。 补丁：新增 ClusterMAX 3.0（2026-09）为新设的 Participation Ribbon（低于 Bronze，高于 Underperform），SemiAnalysis 2026-10-02 在 X 上点评其集群仍有基础错误与含已知 CVE 的镜像（来源 https://x.com/SemiAnalysis_/status/2106459310095995112）。因 cmax 字段只收五档，未填，请前端另行处理。2026-03 The Information 报道正寻求至少 $10 亿新融资（债 / 股，高盛主办，尚未交割，来源 https://www.datacenterdynamics.com/en/news/vultr-seeks-at-least-1bn-in-funding-report/）；上一轮 2024-12 估值 $35 亿。Reuters 称其租用机房运营。" }, { "name": "Hydra Host", "layer": "a4", "url": "https://hydrahost.com", "hq": "博尔德", "desc": "给数据中心装 Brokkr 系统，把闲置 NVIDIA GPU 变成可撮合出租的裸金属", "valuation": { "v": "约 $8 亿", "date": "2026-06", "kind": "报道值（投资方 SPLY Capital 转述），公司未披露", "src": "https://splycapital.com/newsroom/hydra-host-series-a-month-in" }, "total_raised": "累计约 $1.22 亿（报道口径，SPLY 转述）", "funding": [ { "date": "2026-06", "round": "A 轮", "amount": "$100M", "lead": "Kindred Ventures（NVIDIA、ARK Invest、SPLY Capital、Comcast Ventures、Magnetar、PEAK6 等跟投）", "src": "https://www.businesswirenews.com/news/home/20260616230170/en/Hydra-Host-Raises-%24100-Million-Series-A-to-Expand-Global-AI-Factory-Capacity" } ], "key_data": [ { "k": "覆盖数据中心", "v": "50+ 个，横跨美洲、亚太、欧洲", "date": "2026-06", "src": "https://id.investing.com/news/stock-market-news/ark-venture-fund-dukung-startup-marketplace-gpu-ai-hydra-host-2993163" } ], "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "clustermax": "Underperform", "region": "全球", "note": "额外补充的一家：SemiAnalysis ClusterMAX 里 Shadeform 的供应商名单就含 Hydra Host。成立年份、收入本轮没查到。" }, { "name": "Hyperbolic", "layer": "a4", "url": "https://hyperbolic.ai", "hq": "旧金山", "founded": 2022, "desc": "GPU 租用市场加开源模型推理 API，按需给开发者和 agent 应用供算力", "revenue": { "v": "约 $1500 万", "date": "2025-12", "kind": "ARR，创始人博客自述；2026 年底目标 $1.5 亿", "src": "https://www.hyperbolic.ai/blog/hyperbolic-next-chapter" }, "total_raised": "累计约 $5000 万", "funding": [ { "date": "2024-06", "round": "种子轮", "amount": "$7M", "lead": "Polychain Capital、Lightspeed Faction", "src": "https://www.theblock.co/post/330166/variant-and-polychain-capital-lead-12-million-series-a-for-web3-ai-firm-hyperbolic" }, { "date": "2024-12", "round": "A 轮", "amount": "$12M", "lead": "Variant、Polychain Capital", "src": "https://www.theblock.co/post/330166/variant-and-polychain-capital-lead-12-million-series-a-for-web3-ai-firm-hyperbolic" }, { "date": "2026-10", "round": "A-1 轮", "amount": "$30M", "lead": "Walden Catalyst（Dell Technologies Capital、General Catalyst、Vista Equity Partners、Cambium Capital 跟投）", "src": "https://www.businessinsider.com/intel-ceo-backs-30-million-round-ai-cloud-startup-hyperbolic-2026-10" } ], "key_data": [ { "k": "开发者数", "v": "25 万+", "date": "2026-10", "src": "https://www.businessinsider.com/intel-ceo-backs-30-million-round-ai-cloud-startup-hyperbolic-2026-10" }, { "k": "接入的供应商", "v": "约 30 家 neocloud，年化约 $2 亿算力接入其软件", "date": "2026-10", "src": "https://www.businessinsider.com/intel-ceo-backs-30-million-round-ai-cloud-startup-hyperbolic-2026-10" } ], "also_layers": [ "b1" ], "sells": [ "GPU 租用", "推理 API" ], "billing": [ "卡时", "token" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "clustermax": "Participation", "region": "全球", "note": "早期带 Web3 / 去中心化 GPU 市场叙事。第三方数据库对 A 轮估值说法不一，未写入。2026-06 报道称贾扬清出任其顾问。 补丁：新增 2026-10 $3000 万 A-1 轮；业务转向跨 neocloud 的算力聚合与转售（自研 Forge 控制平面）。ClusterMAX 2.0（2025-11）评为 Underperforming（https://clustermax.semianalysis.com/cloudreview/hyperbolic）。" }, { "name": "Mithril", "layer": "a4", "url": "https://mithril.ai", "hq": "帕洛阿尔托", "founded": 2022, "desc": "多云 GPU 现货与预留市场（原 Foundry），另有批量推理 API", "total_raised": "累计 $80M（官方博客）", "funding": [ { "date": "2024-03", "round": "种子轮 + A 轮", "amount": "$80M", "lead": "Sequoia Capital、Lightspeed Venture Partners（共同领投）", "src": "https://mithril.ai/blog/introducing-foundry" } ], "key_data": [ { "k": "平台用量增长", "v": "自 2024-08 受限预览起增长超过 550%", "date": "2025-08", "src": "https://www.advfn.com/stock-market/stock-news/96556544/mithril-arrives-expanding-omnicloud-ai-compute-pl" } ], "customers": [ "Cursor", "LG AI Research", "Arc Institute" ], "also_layers": [ "b1" ], "sells": [ "GPU 租用", "推理 API" ], "billing": [ "卡时", "token" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "clustermax": "Underperform", "region": "美", "models": { "v": "未披露", "date": "2026-11", "src": "https://mithril.ai" }, "note": "2025-08-04 由 Foundry 改名 Mithril（PRNewswire）。2024-03 之后没有查到新融资，估值、收入未披露。ClusterMAX 评级本轮未查到。" }, { "name": "Prime Intellect", "layer": "a4", "url": "https://www.primeintellect.ai", "hq": "旧金山", "founded": 2024, "desc": "聚合分布式算力，加 RL 训练和评测，帮企业训 agent 模型", "valuation": { "v": "$1B", "date": "2026-07", "kind": "A 轮投后估值，媒体报道", "src": "https://finance.yahoo.com/technology/ai/articles/prime-intellect-raises-130m-series-162238596.html" }, "revenue": { "v": "$1 亿+", "date": "2026-07", "kind": "年化收入，公司自报（措辞为 annualized revenue），约 6,000 家客户", "src": "https://multiples.vc/private-comps/prime-intellect" }, "total_raised": "累计融资超 $1.5 亿", "funding": [ { "date": "2026-07", "round": "A 轮", "amount": "$1.3 亿", "lead": "Radical Ventures", "post": "$10 亿投后", "src": "https://techcrunch.com/2026/07/08/prime-intellect-raises-130m-series-a-to-help-enterprises-build-their-own-ai-agents/" } ], "key_data": [ { "k": "跨洲训练网络算力利用率", "v": "最高 96%", "date": "2026-07", "src": "https://radical.vc/portfolio/prime-intellect/" } ], "customers": [ "Ramp", "Zapier", "Flapping Airplanes" ], "also_layers": [ "b4", "c1" ], "sells": [ "GPU 租用", "微调" ], "billing": [ "卡时" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "clustermax": "Bronze", "region": "全球", "note": "也属 RL 环境/后训练（含 Environments Hub 与托管 RL 训练）；去中心化算力 + RL 训练。 补丁：新增 2026-07 $1.3 亿 A 轮（Forge 登记其中 $8500 万 A-3，累计约 $1.5 亿）与收入数字；业务扩展为含 RL 训练、评测的全栈 agent 训练平台。ClusterMAX 2.0 评 Bronze（https://clustermax.semianalysis.com/cloudreview/primeintellect）。" }, { "name": "RunPod", "layer": "a4", "url": "https://www.runpod.io", "hq": "新泽西 Newark", "founded": 2022, "desc": "面向开发者的 GPU 云：按需 GPU、serverless 推理和训练", "valuation": { "v": "$1B", "date": "2026-06", "kind": "本轮投后估值，媒体报道", "src": "https://valueaddvc.com/pulse/runpod-100m-series-a-1b-valuation-2026" }, "revenue": { "v": "$3.25 亿", "date": "2026-09", "kind": "ARR，公司自报（已超过 $3.25 亿，并任命新 CFO）", "src": "https://www.distillintelligence.com/news/runpod" }, "total_raised": "累计融资约 $120M", "funding": [ { "date": "2026-06", "round": "成长轮", "amount": "$100M", "lead": "Summit Partners", "post": "$1B", "src": "https://valueaddvc.com/pulse/runpod-100m-series-a-1b-valuation-2026" }, { "date": "2024-05", "round": "种子轮", "amount": "$20M", "src": "https://parsers.vc/startup/runpod.io/" }, { "date": "2026-06", "round": "成长投资（官方称 A 轮）", "amount": "$100M", "lead": "Summit Partners（Intel Capital、Dell Technologies Capital 等已有投资方）", "post": "投后 $10 亿", "src": "https://www.distillintelligence.com/news/runpod" } ], "key_data": [ { "k": "开发者数", "v": "120 万+", "date": "2026-09", "src": "https://www.distillintelligence.com/news/runpod" }, { "k": "ARR", "v": "$120M → $240M → $325M+", "date": "2026-01 → 06 → 10", "src": "https://runtimewire.com/article/runpod-325m-arr-brian-erickson-cfo" }, { "k": "开发者", "v": "100 万+", "date": "2026-06", "src": "https://valueaddvc.com/pulse/runpod-100m-series-a-1b-valuation-2026" } ], "tns_named": true, "also_layers": [ "b3" ], "sells": [ "GPU 租用", "Serverless" ], "billing": [ "卡时", "秒" ], "chips": [ "NVIDIA", "AMD" ], "datacenter": "聚合别人的卡", "clustermax": "Participation", "region": "全球", "note": "累计融资按已知两轮相加。报道称它拒绝过 $5 亿以上的收购要约（媒体转述）。 补丁：新增 2026-06 $1 亿融资（估值 $10 亿，据报道拒绝过 $5 亿以上收购报价）、ARR 从 2026-01 的 $1.2 亿到 2026-06 的 $2.4 亿再到 2026-09 的 $3.25 亿。ClusterMAX 3.0（2026-09）把 Runpod 列入新设的‘参与奖’档（来源 https://newsletter.semianalysis.com/p/clustermax-30-the-industry-standard 的二手转述，未取到原文），2.0 档位本轮没查到。" }, { "name": "Salad", "layer": "a4", "url": "https://salad.com", "hq": "盐湖城", "founded": 2018, "desc": "把全球闲置游戏显卡聚成分布式云，容器方式跑推理和渲染", "revenue": { "v": "$10.4M", "date": "2026-02", "kind": "媒体报道，口径未说明（Forbes 引述）", "src": "https://www.forbes.com/sites/boazsobrado/2026/02/10/400-million-idle-gaming-pcs-could-be-the-ai-eras-secret-weapon/" }, "total_raised": "累计约 $27.5M（含债务，CB Insights 聚合站）", "funding": [ { "date": "2022-03", "round": "A 轮", "amount": "$17M", "lead": "Left Lane Capital、Origin Ventures（Kickstart Fund、Royal Street Ventures、Carthona Capital 跟投）", "src": "https://www2.businessinsider.com/heres-the-pitch-deck-web3-startup-salad-used-to-raise-17-million-2022-4" }, { "date": "2024-09", "round": "债务融资", "amount": "$7.28M", "lead": "未披露", "src": "https://www.cbinsights.com/company/salad-technologies/financials" } ], "key_data": [ { "k": "日活消费级 GPU", "v": "6 万多张，覆盖约 190 个国家", "date": "2026-02", "src": "https://www.forbes.com/sites/boazsobrado/2026/02/10/400-million-idle-gaming-pcs-could-be-the-ai-eras-secret-weapon/" }, { "k": "官方文档网络规模", "v": "累计 45 万+ 张 GPU 贡献过算力，每天约 1.1 万张在线", "date": "2026-10", "src": "https://docs.salad.com/container-engine/explanation/core-concepts/faqs" } ], "customers": [ "Stability AI", "Discord" ], "also_layers": [ "a5", "b3" ], "sells": [ "GPU 租用", "Serverless" ], "billing": [ "卡时", "秒" ], "chips": [ "NVIDIA", "AMD" ], "datacenter": "聚合别人的卡", "region": "全球", "note": "Render Network 在 2026-04 宣布 Salad 选其作为独占链上支付层。在线 GPU 数各出处不同（Forbes 与 Render 稿写 6 万日活，官方 FAQ 写约 1.1 万每天在线），已两条都列。客户名来自 Forbes 报道，未在 Salad 官网核到。" }, { "name": "SF Compute（The San Francisco Compute Company）", "layer": "a4", "url": "https://sfcompute.com", "hq": "旧金山", "founded": 2023, "desc": "GPU 算力订单簿：买卖双方挂价撮合，长期预留的卡可转售小时数", "valuation": { "v": "$300M", "date": "2025-11", "kind": "A 轮投后估值，媒体报道", "src": "https://thebridge.jp/2025/12/sf-compute-40m-series-a-dcvc-wing-gpu-marketplace" }, "total_raised": "累计约 $52M（CB Insights 聚合站）", "funding": [ { "date": "2024-07", "round": "种子轮", "amount": "未披露（累计 $52M 减 A 轮 $40M，约 $12M，聚合站推算）", "lead": "Alt Capital、Electric Capital、Base Case Capital 等", "post": "投后约 $70M（Forge 记录）", "src": "https://forgeglobal.com/san-francisco-compute_ipo/" }, { "date": "2025-11", "round": "A 轮", "amount": "$40M", "lead": "DCVC、Wing Venture Capital（Electric Capital、Alt Capital 跟投）", "post": "投后 $300M", "src": "https://sfcompute.com/news/sf-compute-series-a" } ], "key_data": [ { "k": "已托管硬件规模", "v": "超过 1 亿美元硬件，交易手续费约 10%（媒体报道）", "date": "2025-12", "src": "https://thebridge.jp/2025/12/sf-compute-40m-series-a-dcvc-wing-gpu-marketplace" }, { "k": "最大一笔披露交易", "v": "两份 36 个月 B300 合同合计 $245M", "date": "2026-09", "src": "https://www.altis.vc/api/v3/assets/f8fd8baa-9330-4168-80e3-15c6dbe8226b/deck" } ], "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "region": "美", "note": "CEO Evan Conrad 公开说公司自己不持有硬件（要做中立方），同时承担集群设计、上架等运营。$245M 交易数字来自投资机构材料（Altis），未找到公司或媒体一手确认；2026-10 的访谈数字都是创始人自述。ClusterMAX 评级本轮未查到。" }, { "name": "Shadeform", "layer": "a4", "url": "https://www.shadeform.ai", "hq": "夏洛特", "founded": 2023, "desc": "一个入口比价并开通多家 GPU 云的实例，统一账单", "total_raised": "累计约 $2M（SemiAnalysis ClusterMAX 口径；聚合站记 $0.5M–1M，不一致）", "funding": [ { "date": "2023-09", "round": "种子轮", "amount": "未披露", "lead": "Charlotte Fund、Gravity Fund、Soma Capital（跟投，聚合站列出的投资方）", "src": "https://pitchbook.com:8443/profiles/company/534512-26" } ], "key_data": [ { "k": "接入的 GPU 供应商数", "v": "23 家", "date": "2025-11", "src": "https://clustermax.semianalysis.com/cloudreview/shadeform" } ], "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "clustermax": "Participation", "region": "全球", "note": "自己不拥有 GPU，供应商含 Nebius、DigitalOcean、Lambda、Voltage Park 等；ClusterMAX 2.0 称其收入越来越多来自撮合大型批发裸金属集群（亚太为主）。总部有冲突：CB Insights 写北卡罗来纳州夏洛特，Caplight 写旧金山，这里按 CB。融资额各聚合站不一致，公司未披露。2026-10 的报道提到其 COO 称越来越多风投想为被投公司统一调度算力（富途转载，未取到原文）。" }, { "name": "TensorDock", "layer": "a4", "url": "https://tensordock.com", "hq": "波士顿", "founded": 2021, "desc": "撮合托管商 GPU 的云市场，从 RTX 单卡到 H100 整机按小时租", "owner": "2025-03 被 Voltage Park 收购（金额未披露）；平台照常运营，创始人 Jonathan Lei 转任 Voltage Park 按需业务总经理", "tns_named": true, "sells": [ "GPU 租用" ], "billing": [ "卡时" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "region": "美", "note": "已确认被 Voltage Park 收购（宣布于 2025-03-26）。收购前融资、收入、GPU 数均未查到一手披露；成立年份 2021 来自 CB Insights（聚合站），未找到公司自述。收购来源：https://www.datacenterdynamics.com/en/news/gpuaas-provider-voltage-park-acquires-gpu-cloud-marketplace-tensordock/ 与 https://voltagepark.com/blog/tensordock-joins-voltage-park-a-new-chapter-begins" }, { "name": "Vast.ai", "layer": "a4", "url": "https://vast.ai", "hq": "洛杉矶", "founded": 2018, "desc": "GPU 租用市场：上千家独立机房挂卡，开发者和 agent 按秒租", "revenue": { "v": "月收入首次过百万美元（一年涨 13 倍）", "date": "2026-02", "kind": "公司自报", "src": "https://vast.ai/article/ramp-brex-fastest-growing-vendor" }, "total_raised": "基本自筹（PitchBook 只列约 $400 万种子）", "funding": [], "key_data": [ { "k": "30 天交易量", "v": "超过 65 万次 GPU 租用，2,500+ 供应方、3.4 万+ 付费账户", "date": "2026-10", "src": "https://vast.ai/article/compute-futures-mark-the-next-step-in-gpu-markets" }, { "k": "增长", "v": "近 12 个月注册用户 27 倍、月活付费客户从不到 1,000 到 1.4 万+，月收入首次进入七位数美元", "date": "2026-03", "src": "https://vast.ai/article/ramp-brex-fastest-growing-vendor" }, { "k": "30 天 GPU 租用次数", "v": "65 万+，3.4 万个付费账户，2,500+ 供给方", "date": "2026-10", "src": "https://vast.ai/article/compute-futures-mark-the-next-step-in-gpu-markets" }, { "k": "市场上的 GPU", "v": "近 2 万张（5,000 台机器、1,000+ 机房）", "date": "2026-03", "src": "https://vast.ai/article/ramp-brex-fastest-growing-vendor" }, { "k": "Brex 增速最快软件供应商", "v": "2025 年榜第 11 名；Ramp 2026-03 归为「Agent hosting」", "date": "2026-03", "src": "https://vast.ai/article/ramp-brex-fastest-growing-vendor" }, { "k": "种子轮（聚合站）", "v": "约 $4M", "date": "", "src": "https://pitchbook.com/profiles/company/531153-01" } ], "tns_named": true, "sells": [ "GPU 租用" ], "billing": [ "卡时" ], "scale": { "v": "近 2 万张 GPU，来自 1,000+ 独立主机商、约 5,000 台机器", "date": "2026-03", "src": "https://vast.ai/article/ramp-brex-fastest-growing-vendor" }, "chips": [ "NVIDIA", "AMD" ], "datacenter": "聚合别人的卡", "clustermax": "Participation", "region": "全球", "note": "融资没到收录线，破例收录：自筹、盈利，但收入一年涨 13 倍，连续上 Brex、Ramp 的增速榜。别和存储公司 VAST Data 混淆。 补丁：新增上述规模数字（均为公司自述）；2026-10 提交 CFTC 意见稿支持算力期货。未查到新融资（PitchBook 只记 2024-07 的 $4M 种子轮；另一聚合站称累计 $30M，口径冲突，未采用）。ClusterMAX 3.0 把 Vast.ai 列入‘参与奖’档（二手转述）。" }, { "name": "Aethir", "layer": "a5", "url": "https://aethir.com", "founded": 2021, "desc": "企业向去中心化 GPU 云，GPU Container 按卡租给 AI 和游戏", "revenue": { "v": "$147M", "date": "2026-02", "kind": "ARR，公司自报（含代币生态口径，需谨慎）", "src": "https://docs.aethir.com/aethir-introduction/faq" }, "total_raised": "股权融资累计约 $9.9M（Crustdata 聚合站）；官方称‘为生态募资超过 $1.4 亿’（含代币节点销售，口径不同）", "funding": [ { "date": "2023-07", "round": "种子轮（股权）", "amount": "$9M", "lead": "Sanctor Capital（Hashkey Exchange、CitizenX、Beam 等跟投）", "src": "https://profiles.crustdata.com/company/aethir" } ], "key_data": [ { "k": "GPU Container 数", "v": "超过 43.5 万（官方强调这是调度单元，不等于实体 GPU 数）", "date": "2026-02", "src": "https://docs.aethir.com/aethir-introduction/faq" }, { "k": "企业合同", "v": "上市公司 Axe Compute（NASDAQ: AGPU）宣布基于 Aethir 的 $2.6 亿多年期合同，含 2,304 张 B300", "date": "2026-10", "src": "https://www.linkedin.com/company/aethir-limited" } ], "sells": [ "GPU 租用" ], "billing": [ "卡时", "包年合同" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "region": "全球", "note": "Axe Compute 2026 Q2 季度收入约 $321 万（财报来源 https://news.futunn.com/post/77716865/axe-compute-inc-reports-second-quarter-2026-financial-results-and ），与 ARR 数量级差距大，ARR 的口径值得继续核对。成立年份按 Crustdata 的最早员工记录（2021）推，公司自述未查到。公开数字多为自报。" }, { "name": "Akash Network", "layer": "a5", "url": "https://akash.network", "founded": 2020, "desc": "链上反向拍卖的开放算力市场，供应商出租 GPU 和 CPU", "key_data": [ { "k": "GPU 利用率（Messari 引述）", "v": "2026 Q1 约 33.7%（334 张里租出 84 张），当季租赁收入约 $25.3 万", "date": "2026-03", "src": "https://ownyourmind.ai/use/how-to-run-an-akash-provider/" }, { "k": "新能力上线", "v": "机密计算、InfiniBand 互联在 provider v0.16.0 上主网，ARM64 在 v0.16.4", "date": "2026-09", "src": "https://github.com/orgs/akash-network/discussions/1543" } ], "sells": [ "GPU 租用" ], "billing": [ "卡时" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "region": "全球", "note": "开发由 Overclock Labs 牵头，经社区池资金按季度拨款（如 2026 Q3 客户端工程提案约 $22.2 万，来源 https://github.com/orgs/akash-network/discussions/1542 ），这不是股权融资。Overclock Labs 的股权融资、总部、收入本轮没查到一手披露，不写。成立年份取主网上线 2020（官方 AEP-30 页写 Akash 2020 年启动）。Messari 数字是二手转引（ownyourmind.ai 引述 Messari Q1 2026 报告，未取到原报告）。AkashML 是其托管推理产品。" }, { "name": "Chutes", "layer": "a5", "url": "https://chutes.ai", "founded": 2024, "desc": "Bittensor 子网 SN64：矿工 GPU 托管开源模型，对外是无服务器推理 API", "revenue": { "v": "$1.3M–2.4M", "date": "2026-10", "kind": "第三方估算（Pine Analytics 估计来自付费客户的外部年收入，媒体转述）；公司自称日收入峰值约 $2.2 万", "src": "https://guavy.com/wire/crypto/bittensor-subnets-rake-in-millions-but-cheapest-option-still-relies-on-massive-subsidy" }, "key_data": [ { "k": "网络 GPU 数", "v": "800+ 张", "date": "2026-10", "src": "https://subnetradar.com/research/subnets/64" }, { "k": "代币补贴", "v": "约占 Bittensor 全部每日 TAO 排放的 14.4%，补贴/收入比 22:1 到 40:1（Pine Analytics 估算）", "date": "2026-10", "src": "https://guavy.com/wire/crypto/bittensor-subnets-rake-in-millions-but-cheapest-option-still-relies-on-massive-subsidy" } ], "also_layers": [ "b3", "b1" ], "sells": [ "推理 API", "Serverless" ], "billing": [ "token", "秒" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "region": "全球", "note": "由 Rayon Labs 团队开发，2025-01 底上线；据报道未做外部股权融资（来源 taoprotocol.org，非一手，创始人 Jon Durbin 的说法是由六家承包公司运营、没有 CEO）。同一子网的收入各家估算差别很大（$130 万–$590 万/年），所以写第三方估算区间，不写单一数。2026-04 起 TAO 排放份额一度归零，靠 alpha 代币排放和收入维持。" }, { "name": "Gensyn", "layer": "a5", "url": "https://www.gensyn.ai", "hq": "伦敦", "desc": "去中心化机器学习训练网络，用可验证计算把全球算力连成训练市场", "total_raised": "累计约 $67M（Crustdata 聚合站，不含 2025 代币轮）", "funding": [ { "date": "2023-06", "round": "A 轮", "amount": "$43M", "lead": "a16z crypto（CoinFund、Protocol Labs 等跟投）", "src": "https://www.joinef.com/companies/gensyn/?pagenum=3" }, { "date": "2025-10", "round": "代币轮（a16z 领投，金额未披露）", "amount": "未披露", "lead": "a16z", "post": "对应 $10 亿 FDV（据 2025-12 代币销售公告）", "src": "https://www.eqs-news.com/news/corporate/gensyn-launches-ai-token-sale-on-sonar/21b928ac-8df3-432b-8ee7-fb449e283358" }, { "date": "2025-12", "round": "公开代币拍卖（Sonar）", "amount": "3% 代币供应，估值区间 $100 万–$10 亿 FDV；成交额未查到", "lead": "公开销售", "src": "https://www.eqs-news.com/news/corporate/gensyn-launches-ai-token-sale-on-sonar/21b928ac-8df3-432b-8ee7-fb449e283358" } ], "key_data": [ { "k": "测试网规模", "v": "16.5 万+ 用户、200 万+ 模型、9,000 万+ 笔交易", "date": "2025-12", "src": "https://www.eqs-news.com/news/corporate/gensyn-launches-ai-token-sale-on-sonar/21b928ac-8df3-432b-8ee7-fb449e283358" } ], "sells": [ "GPU 租用" ], "billing": [ "卡时" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "region": "全球", "note": "2025-12 公告时主网尚未上线，本轮没核到主网是否已上线、是否有付费客户，所以 sell/unit 暂不填。成立年份没查到一手来源（Crunchbase 记 2020，未核），省略。2025-10 那轮的金额公告里没写。" }, { "name": "io.net", "layer": "a5", "url": "https://io.net", "desc": "聚合数据中心和矿场 GPU 的去中心化算力市场，另有 IO Intelligence 推理", "revenue": { "v": "$5.7M（单季）", "date": "2025-03", "kind": "2025 Q1 收入，聚合站转述公司披露，未取到一手", "src": "https://www.onchainatlas.org/io-net/history/" }, "total_raised": "累计约 $30M（聚合站口径）", "funding": [ { "date": "2024-03", "round": "A 轮（股权加代币权益）", "amount": "$30M", "lead": "Hack VC（Multicoin Capital、Solana Ventures、OKX Ventures 等跟投）", "post": "报道称对应 $1B 代币估值", "src": "https://www.onchainatlas.org/io-net/history/" } ], "key_data": [ { "k": "网络规模（官方对外说法，口径不一）", "v": "报道有 9.5 万+、32.7 万‘已验证 GPU’等多种说法", "date": "2025-06", "src": "https://aifimap.com/p/ionet" } ], "also_layers": [ "b1" ], "sells": [ "GPU 租用", "推理 API" ], "billing": [ "卡时", "token" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "region": "全球", "models": { "v": "25+（报道称 IO Intelligence 提供 25 个以上模型）", "date": "2026-08", "src": "https://strictscore.com/crypto/io" }, "note": "2024-04 发生女巫攻击，约 180 万个假 GPU 试图接入，真实节点数远低于最初对外说法（hindenrank 引述，来源 https://hindenrank.com/blog/how-does-io-net-work ），所以 GPU 数不写单一数字。成立年份、总部本轮没查到一手来源，省略。IO 代币 2024-06 经 Binance Launchpool 上线（onchainatlas）。以上多为聚合站，凡数字均需以后找 io.net 官方博客补一手。" }, { "name": "Nosana", "layer": "a5", "url": "https://nosana.com", "hq": "阿姆斯特丹", "founded": 2021, "desc": "基于 Solana 的去中心化 GPU 网络，专注 AI 推理容器任务", "total_raised": "代币轮约 $1.5M；聚合站称无股权融资（Tracxn）或有种子轮（CB Insights，投资方 Hippo Ventures、Knick Capital，日期和金额未披露），口径冲突", "funding": [ { "date": "2022-01", "round": "代币轮（私募、IDO、公募）", "amount": "$1.5M", "lead": "Solanium IDO；其余未披露", "src": "https://www.globenewswire.com/news-release/2022/01/18/2368210/0/en/the-metaverse-celebrates-a-win-with-the-launch-of-the-nosana-token.html" } ], "key_data": [ { "k": "网络累计收益", "v": "超过 $200 万", "date": "2025-12", "src": "https://nosana.com/blog/2025-at-nosana-a-year-in-review/" }, { "k": "节点与任务", "v": "约 2,000 个节点、累计 82.6 万个 AI 任务", "date": "2026-08", "src": "https://www.cbinsights.com/company/nosana" } ], "sells": [ "GPU 租用", "Serverless" ], "billing": [ "卡时" ], "chips": [ "NVIDIA", "AMD" ], "datacenter": "聚合别人的卡", "region": "全球", "note": "2025-12 上线 Grants 计划（$5k–$50k）和 Nosana Inferia 推理产品。体量很小，收入估计在 $100 万以下（Owler 聚合站，未用）。" }, { "name": "Amazon（Bedrock）", "layer": "b1", "url": "https://aws.amazon.com/bedrock/", "hq": "西雅图", "founded": 2023, "desc": "一个 API 调用 Anthropic、OpenAI、Llama、DeepSeek 等上百个模型", "key_data": [ { "k": "Cerebras 快速推理接入计划", "v": "预计 2027 年 Q1 上线 Bedrock", "date": "2026-08", "src": "https://www.nasdaq.com/articles/cbrs-q2-earnings-beat-estimates-cloud-revenues-surge-287" } ], "product_line_of": "Amazon", "public": true, "also_layers": [ "b4" ], "sells": [ "推理 API", "微调" ], "billing": [ "token" ], "datacenter": "自建", "region": "全球", "models": { "v": "100+ 个模型、约 18 家提供商（第三方统计）；AWS 文档称 hundreds", "date": "2026-07", "src": "https://www.voiceflow.com/blog/amazon-bedrock" }, "note": "founded 写 Bedrock 产品发布年份（2023，官方首发日期本次未逐页核）。模型清单见 AWS 官方 Models at a glance（https://docs.aws.amazon.com/bedrock/latest/userguide/model-cards.html）。Bedrock 单独的收入、token 量 AWS 未披露。" }, { "name": "Baseten", "layer": "b1", "url": "https://www.baseten.co", "hq": "San Francisco", "founded": 2019, "desc": "推理云：帮 AI 应用公司部署、后训练和高速运行自有模型，跨多家云调度 GPU", "valuation": { "v": "在谈 $26B–$30B", "date": "2026-10", "kind": "Bloomberg 引述知情人，约 $2B 两档定价，Sands Capital 拟领投，未官宣；上一轮 6 月 F 轮 $13B", "src": "https://thenextweb.com/news/baseten-valuation-30bn-2bn-round-bloomberg" }, "revenue": { "v": "$600M", "date": "2026-03", "kind": "年化收入（2026 年 Q1 内由 $200M 增至 $600M），媒体报道", "src": "https://dealroom.co/news/129868-baseten-in-talks-to-raise-1b-at-11b-valuation-as-inference-boom-accelera/" }, "total_raised": "累计融资约 $2.1B", "funding": [ { "date": "2026-06", "round": "F 轮", "amount": "$1.5B", "lead": "Altimeter、Conviction、Spark（Sands、Wellington 联合领投）", "post": "$13B（分两档，另一档 $11B）", "src": "https://www.baseten.co/blog/announcing-our-series-f/" }, { "date": "2026-01", "round": "E 轮", "amount": "$300M", "lead": "IVP、CapitalG（Nvidia 参投）", "post": "$5B", "src": "https://finance.yahoo.com/technology/ai/articles/baseten-secures-1-5bn-series-110931159.html" } ], "key_data": [ { "k": "收入同比", "v": "约 20 倍", "date": "2026-06", "src": "https://www.baseten.co/blog/announcing-our-series-f/" }, { "k": "推理量同比", "v": "40 倍", "date": "2026-06", "src": "https://www.baseten.co/blog/announcing-our-series-f/" }, { "k": "日推理调用", "v": "10 亿次+，87 个集群、18 家云", "date": "2026-06", "src": "https://finance.yahoo.com/technology/ai/articles/baseten-secures-1-5bn-series-110931159.html" }, { "k": "新一轮估值（在谈）", "v": "约 $26B", "date": "2026-09", "src": "https://www.axios.com/pro/all-deals/2026/09/22/baseten-talks-26-billion-valuation" }, { "k": "收购 Blaxel", "v": "约 $300M（报道）", "date": "2026-09", "src": "https://thenextweb.com/news/baseten-acquires-blaxel-ai-agent-sandboxes" } ], "customers": [ "Cursor", "Notion", "Lovable", "Harvey", "HubSpot", "OpenEvidence", "Abridge", "Decagon", "Parallel" ], "also_layers": [ "b3", "b4" ], "sells": [ "推理 API", "Serverless", "微调" ], "billing": [ "token", "卡时" ], "region": "美", "note": "累计融资为聚合站口径（Multiples / Parsers）。年化收入公司未公布确数，本地底稿里约 $600M 是媒体估算，未采用。 $26B 是在谈，未交割；已交割的仍是 2026-06 的 $13B。 补丁：新增 2026-10 在谈约 $2B / $26–30B（未交割，写在谈）；F 轮 $1.5B / $13B（2026-06，公司公告 baseten.co/blog/announcing-our-series-f/）。g2 为按其“专属部署/自训练”产品推断，请与既有卡对照。" }, { "name": "Cloudflare Workers AI", "layer": "b1", "url": "https://www.cloudflare.com/developer-platform/products/workers-ai/", "hq": "旧金山", "founded": 2024, "desc": "Cloudflare 产品线：在其网络 GPU 上按 Neuron 计费的无服务器模型推理 API。", "total_raised": null, "funding": [], "key_data": [ { "k": "GA 时间", "v": "2024-04-02 官方宣布 Workers AI GA；当时 150+ 城市有 GPU，14 个模型", "date": "2024-04", "src": "https://blog.cloudflare.com/workers-ai-ga-huggingface-loras-python-support/" }, { "k": "定价", "v": "$0.011 / 1,000 Neurons；每天 10,000 Neurons 免费额度（UTC 0 点重置）", "date": "2026-10", "src": "https://developers.cloudflare.com/workers-ai/platform/pricing/" }, { "k": "Agents SDK 集成", "v": "Agents SDK 文档示例通过 AI binding 直接调用 Workers AI", "date": "2026-10", "src": "https://developers.cloudflare.com/agents/" } ], "owner": "Cloudflare 产品线", "product_line_of": "Cloudflare", "also_layers": [ "b3", "b5" ], "sells": [ "推理 API", "Serverless" ], "billing": [ "token" ], "region": "全球", "models": { "v": "统一推理层 70+ 模型、14+ 家提供商；并入 Replicate 后 50,000+ 目录", "date": "2026-04", "src": "https://aibizinsider.com/2026/04/17/cloudflare-replicate-inference-layer-ai-agents/" }, "note": "与图谱里 Together、Fireworks 等按量推理 API 同组重叠；卖点是和 Workers、Vectorize、R2 同平台。没公布用量，模型清单以官方目录为准。 补丁：Cloudflare 2025-11 宣布收购 Replicate，2026 年初交割，Replicate 保留品牌并并入 Workers AI（AOE ai-radar 2026-07 记录；Cloudflare 公告 blog.cloudflare.com/replicate-joins-cloudflare/）。模型数来自第三方（aibizinsider，权威度低），请用官网目录复核。" }, { "name": "DeepInfra", "layer": "b1", "url": "https://deepinfra.com", "hq": "帕洛阿尔托", "founded": 2022, "founded_month": "2022-09", "desc": "自有 GPU 推理云，按 token 卖 200+ 开源模型 API", "revenue": { "v": "$105M", "date": "2026-09", "kind": "公司自报（年化运行率，同比近 14 倍）", "src": "https://www.manilatimes.net/2026/09/29/tmt-newswire/globenewswire/deepinfra-surpasses-100m-arr-triples-token-volume/2435203" }, "total_raised": "累计融资约 $133M（三轮合计）", "funding": [ { "date": "2023-11", "round": "种子轮", "amount": "$8M", "lead": "未披露", "src": "https://multiples.vc/private-comps/deep-infra" }, { "date": "2025-04", "round": "A 轮", "amount": "$18M", "lead": "未披露", "src": "https://deepinfra.com/blog/18m-milestone" }, { "date": "2026-05", "round": "B 轮", "amount": "$107M", "lead": "500 Global、Georges Harik 联合领投", "src": "https://deepinfra.com/blog/deepinfra-series-b" } ], "key_data": [ { "k": "每周处理 token", "v": "近 5 万亿", "date": "2026-05", "src": "https://www.edgeir.com/deepinfra-closes-107m-series-b-to-expand-global-ai-inference-cloud-20260514" }, { "k": "每周 token 处理量", "v": "22 万亿（5 月时约 5 万亿）", "date": "2026-09", "src": "https://www.manilatimes.net/2026/09/29/tmt-newswire/globenewswire/deepinfra-surpasses-100m-arr-triples-token-volume/2435203" }, { "k": "支持模型数", "v": "190+（9 月称 200+）", "date": "2026-05", "src": "https://deepinfra.com/media-center/DeepInfra%20Series%20B%20Media%20FAQ.pdf" } ], "customers": [ "LiveKit", "humans&", "OpenCode" ], "sells": [ "推理 API", "GPU 租用" ], "billing": [ "token", "卡时" ], "region": "美", "note": "投后估值未找到一手出处，故不写。投资方含 NVIDIA、Samsung Next、Felicis。创始团队来自即时通讯 imo。 补丁：新增 2026-05 B 轮 $107M（估值未披露）；B 轮后 token 量自 A 轮增 25 倍（公司公告）。" }, { "name": "fal", "layer": "b1", "url": "https://fal.ai", "hq": "San Francisco", "founded": 2021, "desc": "生成式媒体推理平台：用 API 跑图像、视频、音频模型", "valuation": { "v": "~$8B", "date": "2026-03", "kind": "报道", "src": "https://dealroom.co/news/126961-fal-targets-8b-valuation-in-new-raise-as-ai-inference-revenue-doubles-to/" }, "revenue": { "v": "$800M", "date": "2026-09", "kind": "年化（知情人士，The Information 报道）", "src": "https://in.tradingview.com/news/binance_news:1baafc7b5094b:0-ai-startups-fireworks-and-fal-consider-new-funding-rounds-as-inference-demand-surges/" }, "total_raised": "累计融资约 $687M", "funding": [ { "date": "2026-03", "round": "成长轮（报道）", "amount": "$300M–350M", "post": "~$8B（最高一档）", "src": "https://dealroom.co/news/126961-fal-targets-8b-valuation-in-new-raise-as-ai-inference-revenue-doubles-to/" }, { "date": "2025-12", "round": "D 轮", "amount": "$140M", "lead": "Sequoia", "post": "$4.5B", "src": "https://dealroom.co/news/126961-fal-targets-8b-valuation-in-new-raise-as-ai-inference-revenue-doubles-to/" } ], "key_data": [ { "k": "年化收入（报道）", "v": "$800M", "date": "2026-09", "src": "https://in.tradingview.com/news/binance_news:1baafc7b5094b:0-ai-startups-fireworks-and-fal-consider-new-funding-rounds-as-inference-demand-surges/" }, { "k": "开发者", "v": "300 万", "date": "2026-03", "src": "https://dealroom.co/news/126961-fal-targets-8b-valuation-in-new-raise-as-ai-inference-revenue-doubles-to/" }, { "k": "新一轮估值（在谈）", "v": "$15B，可能上调到 $17–20B", "date": "2026-09", "src": "https://in.tradingview.com/news/binance_news:1baafc7b5094b:0-ai-startups-fireworks-and-fal-consider-new-funding-rounds-as-inference-demand-surges/" } ], "customers": [ "Adobe" ], "sells": [ "推理 API", "Serverless" ], "billing": [ "秒" ], "chips": [ "NVIDIA" ], "region": "美", "note": "2026-09 报道在谈 $15B–20B 新一轮，未交割。累计融资口径不一：PitchBook $687M、Caplight $582M。 在谈未交割，已交割估值仍是春季的约 $8B。 补丁：2026-10 之后未见已交割的新轮。2026-09 有报道称 fal 在谈新一轮、目标估值 $150 亿起，传年化收入约 $8 亿，均未交割，不入 funding / val（https://in.tradingview.com/news/binance_news:1baafc7b5094b:0-ai-startups-fireworks-and-fal-consider-new-funding-rounds-as-inference-demand-surges/ ）。Series E 2026-04 估值约 $80 亿（聚合站）。g 按文生图 / 视频推理 API 建议 b1 或 b3，请核对原卡。" }, { "name": "Featherless AI", "layer": "b1", "url": "https://featherless.ai", "hq": "旧金山", "founded": 2023, "desc": "无服务器推理平台，一个 API 调用 3 万+ 开源模型，面向开发者与企业", "total_raised": "累计融资约 $25M（聚合站 Parsers VC）", "funding": [ { "date": "2025-03", "round": "种子轮", "amount": "$5M", "lead": "未披露", "src": "https://parsers.vc/startup/featherless.ai/" }, { "date": "2026-04", "round": "A 轮", "amount": "$20M", "lead": "AMD Ventures、Airbus Ventures 联合领投", "src": "https://featherless.ai/blog/series-a" } ], "key_data": [ { "k": "可调用开源模型数", "v": "3 万+", "date": "2026-05", "src": "https://cfotech.com.au/story/featherless-ai-raises-usd-20-million-to-expand-open-ai" } ], "sells": [ "推理 API", "GPU 租用" ], "billing": [ "token", "卡时" ], "chips": [ "NVIDIA", "AMD" ], "region": "全球", "models": { "v": "40,000+", "date": "2026-08", "src": "https://thenextweb.com/news/interview-with-eugene-cheah-on-agi-open-source-ai" }, "note": "自称 Hugging Face 增长最快的推理合作方（公司口径，经 CFOtech 转述）。部分媒体称其为新加坡公司，融资报道称旧金山、团队分布在加拿大、欧洲、美国、新加坡、澳大利亚；总部以融资报道的旧金山为准。 补丁：新增 2026-04 A 轮 $20M；创始人访谈称专属节点约 $7,500/月起，并有跑在 AMD 上的私有云部署。总部各源写法不一（新加坡/旧金山），请以既有卡为准。" }, { "name": "Fireworks AI", "layer": "b1", "url": "https://fireworks.ai", "hq": "San Mateo", "founded": 2022, "founded_month": "2022-10", "desc": "开源模型推理云：给开发者和企业托管、微调并高速运行开源模型", "valuation": { "v": "在谈 $30–40B", "date": "2026-10", "kind": "据 Business Insider 引述知情人，早期谈判，未交割；上一轮 D 轮 $17.5B", "src": "https://techfundingnews.com/nvidia-backed-fireworks-ai-eyes-30b-to-40b-valuation-roughly-double-its-july-price/" }, "revenue": { "v": "超 $1B", "date": "2026-07", "kind": "ARR，公司自报", "src": "https://fireworks.ai/blog/fireworks-series-d-funding" }, "total_raised": "累计融资约 $1.83B", "funding": [ { "date": "2026-07", "round": "D 轮", "amount": "$1.505B", "lead": "Atreides、Index Ventures、TCV", "post": "$17.5B", "src": "https://www.intelligentcio.com/north-america/2026/07/31/fireworks-raises-us1-505-billion-series-d-as-enterprise-demand-for-specialised-ai-accelerates/" }, { "date": "2025-10", "round": "C 轮", "amount": "$250M", "post": "$4B", "src": "https://qz.com/fireworks-ai-series-d-fundraise-valuation-open-source-071626" }, { "date": "2026-09", "round": "员工老股出售", "amount": "未披露", "lead": "Atreides", "post": "$17.5B", "src": "https://in.tradingview.com/news/binance_news:1baafc7b5094b:0-ai-startups-fireworks-and-fal-consider-new-funding-rounds-as-inference-demand-surges/" } ], "key_data": [ { "k": "每日 token", "v": "40 万亿+（一年前 15 万亿）", "date": "2026-07", "src": "https://www.intelligentcio.com/north-america/2026/07/31/fireworks-raises-us1-505-billion-series-d-as-enterprise-demand-for-specialised-ai-accelerates/" }, { "k": "新一轮估值（在谈）", "v": "最高约 $30B", "date": "2026-09", "src": "https://in.tradingview.com/news/binance_news:1baafc7b5094b:0-ai-startups-fireworks-and-fal-consider-new-funding-rounds-as-inference-demand-surges/" } ], "customers": [ "Cursor" ], "tns_named": true, "also_layers": [ "b4" ], "sells": [ "推理 API", "微调", "GPU 租用" ], "billing": [ "token", "卡时" ], "region": "全球", "models": { "v": "400+（第三方对比页）", "date": "2026-10", "src": "https://www.subconscious.dev/compare/together-ai-vs-fireworks" }, "note": "CEO 说曾经一半以上收入来自 Cursor，现已分散。2026-09 有报道称在谈新一轮，未交割。累计融资为 Stock Analysis 口径。 $30B 为 The Information 报道的目标估值，未交割。 补丁：新增 2026-07 D 轮（$17.5B）、ARR 超 $1B、日处理超 40 万亿 token（公司博客）；2026-10 传在谈新一轮 $30–40B，未交割。" }, { "name": "FriendliAI", "layer": "b1", "url": "https://friendli.ai", "hq": "红木城（首尔设研发）", "founded": 2021, "desc": "高性能 LLM 推理平台，提供专属与无服务器端点，主打压低 GPU 成本", "total_raised": "累计融资约 $2670 万", "funding": [ { "date": "2025-08", "round": "种子扩展轮", "amount": "$2000 万", "lead": "Capstone Partners", "src": "https://friendli.ai/blog/friendliai-raises-20m-in-seed-extension-round" }, { "date": "2021-12", "round": "早期轮", "amount": "~$670 万", "lead": "KB Securities", "src": "https://profiles.crustdata.com/company/friendliai" }, { "date": "2026-07", "round": "可转债", "amount": "$20M", "lead": "Capstone Partners、Han River Partners、Industrial Bank of Korea、Korea Development Bank、Woori Venture Partners", "src": "https://www.cbinsights.com/company/friendliai/financials" } ], "key_data": [ { "k": "支持的 Hugging Face 模型数", "v": "43 万+", "date": "2025-08", "src": "https://www.finsmes.com/2025/08/friendliai-closes-20m-seed-extension-funding.html" } ], "customers": [ "LG AI Research（EXAONE 4.0 API）", "Scatter Lab", "Upstage" ], "sells": [ "推理 API", "GPU 租用" ], "billing": [ "token", "卡时" ], "region": "全球", "note": "融资口径以公司博客为准；CB Insights 另列 2026-07 一笔 $2000 万可转债，未见一手出处，不采用。创始人兼 CEO Byung-Gon Chun。 补丁：新增 2026-07 可转债 $20M（CB Insights 聚合站，kind 为聚合站口径）；此前 2025-08 种子 $20M；累计约 $46.7M（CB Insights）。" }, { "name": "Google Cloud（Vertex AI Model Garden）", "layer": "b1", "url": "https://cloud.google.com/model-garden", "hq": "山景城", "founded": 2021, "desc": "Model Garden 一处调用 Gemini、Claude、Gemma 等 200+ 模型", "product_line_of": "Google", "public": true, "also_layers": [ "b4" ], "sells": [ "推理 API", "微调", "GPU 租用" ], "billing": [ "token", "卡时" ], "chips": [ "TPU", "NVIDIA" ], "datacenter": "自建", "region": "全球", "models": { "v": "200+", "date": "2026-09", "src": "https://www.beri.net/tools/google-vertex-ai" }, "note": "founded 写 Vertex AI 平台发布年份 2021（日文技术博客称 2021 年发布，2023 年并入生成式 AI）。聚合站称 2026-04 起平台更名 Gemini Enterprise Agent Platform，官方改名公告本次未核。Model Garden 的官方模型页数字为动态，200+ 来自第三方，建议用官网页复核。" }, { "name": "Hugging Face", "layer": "b1", "url": "https://huggingface.co", "hq": "纽约 / 巴黎", "founded": 2016, "desc": "开源模型与数据集中心，另卖 Inference Providers 等推理服务", "valuation": { "v": "约 $12.93B", "date": "2026-08", "kind": "收购价，媒体报道（路透引述 The Information），未交割", "src": "https://sg.finance.yahoo.com/news/exclusive-us-doj-inquiring-nvidias-183442225.html" }, "revenue": { "v": "$150M", "date": "2026-08", "kind": "年化（媒体报道，较两个月前约 $1 亿）", "src": "https://thenextweb.com/news/hugging-face-nvidia-acquisition-thomas-wolf-interview" }, "total_raised": null, "funding": [ { "date": "2023-08", "round": "D 轮", "amount": "$2.35 亿", "lead": "Salesforce Ventures", "post": "$45 亿投后", "src": "https://thenextweb.com/news/nvidia-hugging-face-13bn-acquisition-talks" } ], "key_data": [ { "k": "开发者数", "v": "1800 万；模型 300 万+；企业客户 20 万", "date": "2026-09", "src": "https://newsable.asianetnews.com:443/markets/jensen-huang-says-12-9b-is-what-it-took-to-close-the-deal-with-hugging-face-and-it-s-worth-every-single-penny-articleshow-h1uamm4" }, { "k": "NVIDIA 收购条款（8-K）", "v": "股东对价约 $119 亿 + 最高约 $10 亿留任股权，预计 2027 上半年交割", "date": "2026-09", "src": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000078/nvda-20260902.htm" } ], "owner": "2026-08 媒体报道 NVIDIA 同意以约 $12.93B 收购（The Information 首报）；2026-10-28 路透报美国司法部已就该交易向 NVIDIA 问询；未查到双方官方交割公告", "sells": [ "推理 API", "GPU 租用" ], "billing": [ "token", "卡时" ], "region": "全球", "note": "收购条款以 NVIDIA 向美国证监会提交的 8-K 为准；需监管批准，NVIDIA 承诺保持平台开放并继续支持其他芯片。收入为 The Information 报道经 TNW 转引，非公司披露。 补丁：新增被收购报道（未交割，请合并时标“待交割”）。Inference Providers 路由约 18 家合作商，据社区帖转述，未核官方页。" }, { "name": "Inference.net", "layer": "b1", "url": "https://inference.net", "hq": "旧金山", "founded": 2023, "desc": "OpenAI 兼容推理 API，加自训练定制小模型与托管", "total_raised": "约 $11.8M（种子，聚合站口径；PitchBook 另列早期合计 $16.6M）", "funding": [ { "date": "2025-10", "round": "种子轮", "amount": "$11.8M", "lead": "a16z CSX、Multicoin Capital、Topology Ventures（领投方未明确区分）", "src": "https://pitchbook.com/profiles/company/525533-32" } ], "key_data": [ { "k": "Schematron 模型日请求量", "v": "约 400 万次/日，数百亿 token", "date": "2026-06", "src": "https://x.com/samhogan/status/2065920115124904120" } ], "also_layers": [ "b4" ], "sells": [ "推理 API", "微调" ], "billing": [ "token" ], "region": "全球", "note": "前身 Kuzco：2024-03 上线的 Solana 去中心化 GPU 推理网络，2026 年已转为中心化的定制模型训练与托管，旧网络已不活跃（Solana Compass，2026-10）。成立年份各源不一（PitchBook 2023，Founders Inc 页称 2022，官网未核）。Caplight 列有 2026-06-23 的 A 轮，但无金额与出处，不收；可调模型数、ARR 未查到。聚合站为主要来源，融资数字需一手复核。" }, { "name": "Kluster.ai", "layer": "b1", "url": "https://www.kluster.ai", "hq": "劳德代尔堡（美国佛州）", "founded": 2024, "desc": "面向开发者的批量/自适应推理 API（OpenAI 兼容），主打低价批处理", "revenue": { "v": "约 $770K", "date": "2025-03", "kind": "聚合站估算 ARR（Latka，未审计）", "src": "https://benched.ai/companies/kluster-ai" }, "total_raised": "约 $4.25M（种子，Tracxn 转引 benched.ai，聚合站估算；投资方 Life Extension Ventures、Protagonist，Moonsong Labs 孵化；Tracxn 自身页面写未融资，口径不一）", "sells": [ "推理 API" ], "billing": [ "token" ], "region": "美", "note": "疑似已停服：第三方页面称 kluster.ai 域名与服务在 2026-06-09 已不可用，另有开源路由项目 2026-06 将其免费档标为失效；但未查到公司公告，故不下定论，请上线前开官网复核。种子轮日期、领投方未查到一手稿，故不写 funding 条目，仅在 total 给聚合站口径。" }, { "name": "Microsoft（Foundry / Azure AI Foundry）", "layer": "b1", "url": "https://ai.azure.com", "hq": "雷德蒙德", "founded": 2023, "desc": "Foundry 模型目录托管 OpenAI、Claude、Llama 等，托管计算与无服务器部署", "product_line_of": "Microsoft", "public": true, "also_layers": [ "b4" ], "sells": [ "推理 API", "微调", "GPU 租用" ], "billing": [ "token", "卡时" ], "datacenter": "自建", "region": "全球", "models": { "v": "10,000+（模型目录）", "date": "2026-07", "src": "https://raw.githubusercontent.com/MicrosoftDocs/azure-ai-docs/refs/heads/main/articles/foundry/concepts/foundry-models-overview.md" }, "note": "founded 为 Azure AI Studio 前身的大致年份，未逐页核，请复核。目录含大量 Hugging Face 社区模型，可无服务器部署的模型数少于 10,000。Foundry 独立收入、token 量 Microsoft 未披露。" }, { "name": "Nebius（Token Factory）", "layer": "b1", "url": "https://tokenfactory.nebius.com", "hq": "阿姆斯特丹", "founded": 2025, "desc": "Nebius 的开源模型推理 API，含专属端点、后训练与批处理", "key_data": [ { "k": "Token Factory 收购动作", "v": "2026-10 收购 Inferize（冷启动优化），团队并入 Token Factory，金额未披露", "date": "2026-10", "src": "https://www.sotkn.com/wire/nebius-inferize-token-factory-idle-gpu-tax-wire/" } ], "product_line_of": "Nebius", "public": true, "also_layers": [ "b4" ], "sells": [ "推理 API", "微调" ], "billing": [ "token" ], "chips": [ "NVIDIA" ], "datacenter": "自建", "region": "欧", "models": { "v": "30+（API /models 返回 33 个，第三方实测）", "date": "2026-06", "src": "https://github.com/NousResearch/hermes-agent/pull/38473" }, "note": "Token Factory 是 Nebius 的产品线，主公司卡在 a2，此处按 plat 卡写；founded 写 Token Factory 推出年份 2025（官方公告页有 Launch 条目，具体日期本次未核）。官方文档公告 2026-08-31 起下线部分旧模型。公司融资、收入、GPU 规模见 a2 的 Nebius 主卡；Token Factory 单独收入未披露。2026-Q3 财报日 11-12。" }, { "name": "Novita AI", "layer": "b1", "url": "https://novita.ai", "hq": "上海", "founded": 2018, "desc": "按用量计费的开源模型推理平台，200+ 模型一个 API，还卖 agent 沙箱和 GPU", "total_raised": "母公司派想未来累计融资超 5 亿元人民币，已完成 6 轮（招股书，36氪转述）", "funding": [ { "date": "2025-04", "round": "B 轮（母公司派想未来）", "amount": "未披露", "lead": "未披露", "post": "$469M", "src": "https://36kr.com/p/3847491991114753" }, { "date": "2026-06", "round": "B-2 轮首期（母公司派想未来）", "amount": "$35.2M", "lead": "未披露", "src": "https://36kr.com/p/3847491991114753" } ], "key_data": [ { "k": "母公司 AI 云日均 token 消耗", "v": "10,280 亿（2025-12 为 2,710 亿）", "date": "2026-04", "src": "https://36kr.com/p/3847491991114753" }, { "k": "AI 云全球注册开发者", "v": "57.4 万+", "date": "2026-04", "src": "https://36kr.com/p/3847491991114753" }, { "k": "可调用模型数量", "v": "200+（官网）", "date": "2026-10", "src": "https://novita.ai" } ], "owner": "派想未来集团（PPIO 派欧云）的海外品牌；母公司 2026-06-10 第二次向港交所递交上市申请", "also_layers": [ "a3", "d1" ], "sells": [ "推理 API", "GPU 租用", "Serverless", "沙箱" ], "billing": [ "token", "卡时", "秒" ], "region": "全球", "models": { "v": "200+", "date": "2026-06", "src": "https://vantaige.io/ai-tool/novita-ai" }, "note": "agent 关系：官网自称\"面向构建者和 agent 的 AI 原生云\"，除模型 API 外卖 Agent Sandbox（隔离运行环境，约 200ms 启动，按秒计费），并给 agent 提供 skill 文件接入（https://novita.ai ）。招股书里母公司把业务扩展到\"智能体基础设施层\"（沙箱执行、记忆系统）。归属依据：PPIO 联合创始人兼 CTO 王闻宇在出海分享中把 novita.ai 列为公司的海外 AI 产品（https://tool.lu/es_ES/deck/OR/detail ）。 卡片上的融资、收入、token 都是母公司派想未来的数，不是 Novita 品牌单项。 补丁：官网产品含 Agent Sandbox、专属端点与裸金属（rightaichoice.com 2026-07 页描述，需官网复核）；200+ 来自导购站。2026-10 后未查到新融资。" }, { "name": "NVIDIA（DGX Cloud Lepton / NIM）", "layer": "b1", "url": "https://www.nvidia.com/en-us/data-center/dgx-cloud-lepton/", "hq": "圣克拉拉", "founded": 2025, "desc": "Lepton 聚合多家云的 GPU 并提供 NIM 推理端点，一个平台做开发、训练、推理", "key_data": [ { "k": "Lepton 市场 GPU 规模", "v": "数万张 GPU（合作云提供）", "date": "2025-06", "src": "https://www.pipelinepub.com/news/nvidia-announces-dgx-cloud-lepton" } ], "customers": [ "Prima Mente" ], "owner": "2025-04 NVIDIA 收购 Lepton AI（金额未披露），6 月以 DGX Cloud Lepton 重新发布", "product_line_of": "NVIDIA", "public": true, "also_layers": [ "a4", "c1" ], "sells": [ "GPU 租用", "推理 API", "微调", "调度" ], "billing": [ "卡时" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "region": "全球", "note": "founded 写产品重新发布年份 2025。合作云含 CoreWeave、Crusoe、Lambda、Nebius、Nscale、Together AI、AWS 等（NVIDIA 公告）。build.nvidia.com 另提供托管模型试用端点，计费单位与可调模型数官网页未直接给出，故省略 models。Lepton AI 此前融资 $11M 种子轮（Forbes）。" }, { "name": "OctoAI", "layer": "b1", "url": "https://octo.ai", "hq": "Seattle", "founded": 2019, "desc": "原 OctoML，做模型推理和部署平台，已被 NVIDIA 收购并关停商用服务", "total_raised": "累计融资约 $132M", "funding": [ { "date": "2021-11", "round": "C 轮", "amount": "$85M", "lead": "Tiger Global", "src": "https://www.aol.com/news/nvidia-continues-acquisition-streak-octoai-165059175.html" } ], "key_data": [ { "k": "收购价（媒体估算）", "v": "约 $165M，含债务等或超 $250M", "date": "2024-09", "src": "https://www.geekwire.com/2024/chip-giant-nvidia-acquires-octoai-a-seattle-startup-that-helps-companies-run-ai-models/" } ], "owner": "2024-09 被 NVIDIA 收购（报道约 $165M），OctoAI 作为独立公司解散；2024-10-31 停止托管端点与账号", "sells": [ "推理 API" ], "billing": [ "token" ], "region": "美", "note": "商用云服务已于 2024-10-31 停止；累计融资有 $130M / $132M 两种口径；CEO Luis Ceze 加入 NVIDIA；官网已不再提供服务 补丁：已关停，来源 API Evangelist 与 LinkedIn 官方页“Acquired by NVIDIA”；官网 octo.ai 现重定向到 nvidia.com。" }, { "name": "Parasail", "layer": "b1", "url": "https://www.parasail.io", "hq": "旧金山", "founded": 2023, "desc": "聚合全球 GPU 的按 token 计费开源模型推理云", "total_raised": "累计 $42M", "funding": [ { "date": "2026-04", "round": "A 轮", "amount": "$32M", "lead": "Touring Capital、Kindred Ventures 联合领投", "src": "https://www.tmcnet.com/usubmit/2026/04/15/10365393.htm" } ], "key_data": [ { "k": "日处理 token", "v": "超 5,000 亿", "date": "2026-04", "src": "https://www.basisset.com/insights/parasails-32m-series-a-and-the-democratization-of-compute" }, { "k": "日 token 处理量", "v": "5,000 亿", "date": "2026-04", "src": "https://techcrunch.com/2026/04/15/parasail-raises-32m-to-feed-tokenmaxxing-ai-developers/" } ], "sells": [ "推理 API", "GPU 租用" ], "billing": [ "token", "卡时" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "region": "美", "note": "CEO Mike Henry 曾在 Groq 负责云业务。其他投资方含 Samsung NEXT、Basis Set。 补丁：新增 2026-04 A 轮；2026-07 宣布部署 d-Matrix Corsair 与 NVIDIA 协同做解耦推理（Parasail 公告 parasail.io/blogs/parasail-d-matrix-accelerators）。" }, { "name": "SiliconFlow（硅基流动，国际站 siliconflow.com）", "layer": "b1", "url": "https://www.siliconflow.com", "hq": "北京", "founded": 2023, "founded_month": "2023-08", "desc": "开源/多模态模型推理 API（SiliconCloud），国际站面向海外开发者", "valuation": { "v": "¥77.4 亿", "date": "2026-06", "kind": "B+ 首轮投后估值，媒体据港交所招股书", "src": "https://www.163.com/dy/article/L7BS3T3905199NPP.html" }, "revenue": { "v": "¥5,533 万", "date": "2025-12", "kind": "2025 财年收入（非 ARR），港交所递表招股书；含中国国内与本地部署业务，国际站单列数据未披露", "src": "https://finance.eastmoney.com/a/202607013789272420.html" }, "total_raised": "2026 年内累计融资近 ¥29 亿；早期投资方含阿里、华为哈勃、美团、商汤（媒体据招股书）", "funding": [ { "date": "2026-06", "round": "B 轮（招股书口径含 B+ 首轮）", "amount": "超 ¥20 亿（B+ 首轮单轮 ¥7.4 亿）", "lead": "未披露", "post": "B+ 首轮后投后 ¥77.4 亿（约 HK$84 亿）", "src": "https://www.163.com/dy/article/L7BS3T3905199NPP.html" }, { "date": "2026-09", "round": "B+ 二期与 C 轮", "amount": "2026 年内累计融资近 ¥29 亿（含上述）", "lead": "20 余家，含中国互联网投资基金、国新基金等国资基金", "src": "https://www.163.com/dy/article/L7BS3T3905199NPP.html" } ], "key_data": [ { "k": "日均词元吞吐量", "v": "约 5,785 亿（全平台）", "date": "2026-04", "src": "https://finance.eastmoney.com/a/202607013789272420.html" }, { "k": "注册用户", "v": "超 1,000 万；企业客户超 1.3 万（全平台）", "date": "2026-04", "src": "https://baike.baidu.com/item/%E5%8C%97%E4%BA%AC%E7%A1%85%E5%9F%BA%E6%B5%81%E5%8A%A8%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8/68040467" } ], "also_layers": [ "b4" ], "sells": [ "推理 API", "Serverless", "微调", "GPU 租用" ], "billing": [ "token", "卡时" ], "region": "全球", "models": { "v": "全平台 170+（招股书）；国际站 API 约 75 个（第三方清单）", "date": "2026-09", "src": "https://github.com/voltagent/voltagent/blob/72a46c76b4507e1f98b41d5050a92bd30587eb70/website/models-docs/providers/siliconflow.md" }, "note": "2026-06-30 向港交所主板递交 18C 上市申请（尚未上市）；招股书称 2025 年毛利率为负（据媒体 -24%），一手招股书链接未能直接打开，数字取自转述媒体，建议复核。国际站海外用户数、日 token 量未单独披露。公司数据中心形态未查到，故 dc/chips 省略。" }, { "name": "Together AI", "layer": "b1", "url": "https://www.together.ai", "hq": "San Francisco", "founded": 2022, "founded_month": "2022-06", "desc": "开源模型训练与推理云，按用量卖 GPU 和模型 API", "valuation": { "v": "$8.3B", "date": "2026-06", "kind": "C 轮投后估值，路透报道", "src": "https://www.investing.com/news/stock-market-news/together-ai-raises-800-million-at-83-billion-valuation-4771027" }, "revenue": { "v": "$1.15B", "date": "2026-06", "kind": "年化预订额（annualized bookings），公司自报，媒体转述", "src": "https://www.hpcwire.com/aiwire/2026/07/01/together-ai-raises-800m-at-8-3b-valuation-to-make-frontier-ai-accessible-to-all/" }, "total_raised": "累计融资约 $1.3B", "funding": [ { "date": "2026-07", "round": "C 轮", "amount": "$800M", "lead": "Aramco Ventures", "post": "$8.3B", "src": "https://www.businesswire.com/news/home/20260701243402/en/Together-AI-Raises-%24800-Million-at-%248.3-Billion-Valuation-to-Make-Frontier-AI-Accessible-to-All" }, { "date": "2025-02", "round": "B 轮", "lead": "General Catalyst", "post": "$3.3B", "src": "https://www.investing.com/news/stock-market-news/together-ai-raises-800-million-at-83-billion-valuation-4771027" }, { "date": "2026-06", "round": "C 轮", "amount": "$800M", "lead": "Aramco Ventures（跟投：Vista、General Catalyst、Emergence、NVIDIA、Salesforce Ventures 等）", "post": "投后 $8.3B", "src": "https://thenextweb.com/news/together-ai-800m-series-c-aramco-ventures" } ], "key_data": [ { "k": "年度签约额（bookings）", "v": "$1.15B+", "date": "2026-Q2", "src": "https://www.investing.com/news/stock-market-news/together-ai-raises-800-million-at-83-billion-valuation-4771027" } ], "customers": [ "Cursor", "Cognition", "Decagon" ], "also_layers": [ "a2", "b4", "d1" ], "sells": [ "推理 API", "GPU 租用", "微调", "沙箱" ], "billing": [ "token", "卡时" ], "clustermax": "Bronze", "region": "全球", "note": "bookings 是签约额不是收入。它的沙箱产品 Together Code Sandbox（原 CodeSandbox）已在 Sandbox 栏。累计融资为 Multiples 口径。 公司口径是 annual bookings；Sacra 估 2026-02 年化收入约 $1B。 补丁：新增 2026-06 C 轮与年化预订额；官网产品页称含 GPU 集群、批处理、专属部署、代码沙箱（第三方评测 subconscious.dev 2026-10-26 综述）。模型数两个第三方口径不一（200+ 与文本 30+），不写 models。" }, { "name": "Cerebras", "layer": "b2", "url": "https://www.cerebras.ai", "hq": "Sunnyvale", "founded": 2015, "desc": "晶圆级 AI 芯片公司，同时卖云上推理服务（Cerebras 推理云）", "valuation": { "v": "$56.4B", "date": "2026-05", "kind": "IPO 定价时完全稀释估值（首日大涨，市值另计）", "src": "https://thenextweb.com/news/cerebras-ipo-5-55-billion-biggest-tech-2026" }, "revenue": { "v": "$209.9M（单季核心营收，未年化；×4 约 $840M 仅为换算）", "date": "2026-06", "kind": "2026 Q2 财报，上市公司，核心云及其他服务单季 $127.7M", "src": "https://www.nasdaq.com/articles/cbrs-q2-earnings-beat-estimates-cloud-revenues-surge-287" }, "total_raised": "已上市：2026-05 IPO 募资 $5.55B；上市前私募含 2026-02 H 轮 $1B", "funding": [ { "date": "2026-05", "round": "IPO（纳斯达克 CBRS）", "amount": "$5.55B", "post": "$56.4B 完全稀释（定价时）", "src": "https://thenextweb.com/news/cerebras-ipo-5-55-billion-biggest-tech-2026" } ], "key_data": [ { "k": "OpenAI 推理算力合同", "v": "$200 亿+，750MW", "date": "2026-04", "src": "https://futurumgroup.com/insights/cerebras-s-1-teardown-is-the-23b-wafer-scale-ipo-the-end-of-gpu-homogeneity/" }, { "k": "2025 收入来自阿联酋相关方", "v": "86%", "date": "2025", "src": "https://venturebeat.com/ai/cerebras-stock-nearly-doubles-on-day-one-as-ai-chipmaker-hits-100-billion-what-it-means-for-ai-infrastructure" }, { "k": "当前市值", "v": "约 $30.2B", "date": "2026-10", "src": "https://stockanalysis.com/stocks/cbrs/statistics/" }, { "k": "剩余履约义务", "v": "$24.6B", "date": "2025-12", "src": "https://www.datacenterdynamics.com/en/news/cerebras-debuts-on-nasdaq-at-350-a-share-as-companys-market-cap-hits-95bn/" } ], "customers": [ "OpenAI", "AWS", "Meta", "G42" ], "public": true, "tns_named": true, "sells": [ "推理 API", "GPU 租用" ], "billing": [ "token", "包年合同" ], "chips": [ "自研" ], "datacenter": "自建", "backlog": { "v": "$25.4B", "date": "2026-06", "src": "https://www.nasdaq.com/articles/cbrs-q2-earnings-beat-estimates-cloud-revenues-surge-287" }, "region": "全球", "note": "上市公司，市值每日变动，卡片只放 IPO 定价估值。 $56.4B 是 IPO 定价时的全面摊薄估值；首日收盘约 $95B，2026-10-16 市值约 $30B。2025 年收入 86% 来自 G42 / MBZUAI。 补丁：2026-05-14 在纳斯达克上市（CBRS，发行价 $185）；预计 2027 Q1 经 Amazon Bedrock 提供快速推理（公司 Q2 新闻稿）；与 AMD 合作的解耦推理预计 2026 Q4 量产。上市公司不写市值。" }, { "name": "Groq", "layer": "b2", "url": "https://groq.com", "hq": "Mountain View", "founded": 2016, "desc": "LPU 推理芯片公司，剩余业务是 GroqCloud 推理 API", "valuation": { "v": "$3.5B", "date": "2026-08", "kind": "新一轮投后估值，TechCrunch 报道（前次 2025-09 $6.9B）", "src": "https://techcrunch.com/2026/08/17/groq-raises-350m-to-fuel-its-pivot-from-ai-chips-to-neocloud/" }, "total_raised": "累计融资约 $2.8B（聚合站合计，含 2026 年两轮共 $1B）", "funding": [ { "date": "2025-09", "round": "成长轮", "amount": "$750M", "lead": "Disruptive", "post": "$6.9B", "src": "https://www.cnbc.com/2025/12/24/nvidia-buying-ai-chip-startup-groq-for-about-20-billion-biggest-deal.html" }, { "date": "2026-06", "round": "老股东融资", "amount": "$650M", "lead": "Disruptive、Infinitum 兜底", "post": "", "src": "https://it.marketscreener.com/notizie/groq-raccoglie-fino-a-650-milioni-di-dollari-dai-soci-attuali-secondo-una-fonte-ce7f5ddade88ff2d" }, { "date": "2026-08", "round": "新一轮", "amount": "$350M", "lead": "Disruptive", "post": "$3.5B", "src": "https://techfundingnews.com/nvidia-backed-groq-raises-350m-at-3-5b-as-ai-inference-race-accelerates/" } ], "key_data": [ { "k": "Nvidia 交易", "v": "约 $200 亿（技术非独家授权 + 核心团队加入）", "date": "2025-12", "src": "https://www.cnbc.com/2025/12/24/nvidia-buying-ai-chip-startup-groq-for-about-20-billion-biggest-deal.html" }, { "k": "GroqCloud 引入 Nvidia 系统", "v": "宣布", "date": "2026-08", "src": "https://www.businessinsider.com/nvidia-partners-groq-ai-services-groqcloud-2026-8" } ], "owner": "技术授权并团队加入 Nvidia，2025-12，约 $20B（官方称非独家授权，不是收购）", "tns_named": true, "also_layers": [ "a2" ], "sells": [ "推理 API", "GPU 租用" ], "billing": [ "token", "卡时" ], "scale": { "v": "在运约 54 MW，目标 2027 年超 200 MW", "date": "2026-08", "src": "https://insight.tmcnet.com/insight/groq-raises-350-million-to-build-nvidia-powered-ai-cloud-capacity-msy01t9p" }, "chips": [ "自研", "NVIDIA" ], "datacenter": "自建", "clustermax": "Unavailable", "region": "全球", "note": "CEO Jonathan Ross 已去 Nvidia；独立运营的 GroqCloud 仍在。Forbes 转述前员工说剩余公司可能出售，未发生。 2025-12 英伟达以约 $200 亿授权 Groq 技术并挖走创始人 Jonathan Ross 和大部分工程团队，资金返还老股东；之后 Groq 转做推理云，估值从 $6.9B 降到 $3.5B。 补丁：2025-12 NVIDIA 以约 $20B 授权 Groq 架构并招揽创始人 Jonathan Ross 等（非收购）；Groq 剩余公司转向 neocloud，2026-08 宣布在数据中心加入 NVIDIA 系统（Business Insider）。LPU 自研芯片业务已被剥离，g 或需改到 a2，请合并时判断。" }, { "name": "SambaNova", "layer": "b2", "url": "https://sambanova.ai", "hq": "帕洛阿尔托", "founded": 2017, "desc": "自研 RDU 推理芯片，卖机架系统和 SambaCloud 推理云", "valuation": { "v": "$11B", "date": "2026-07", "kind": "投后（F 轮首次交割）", "src": "https://sambanova.ai/press/sambanova-completes-first-close-of-1b-financing-at-11b-valuation" }, "total_raised": null, "funding": [ { "date": "2026-02", "round": "E 轮", "amount": "$350M+", "lead": "Vista Equity Partners、Cambium Capital 领投；Intel 出资 $35M", "src": "https://verdictcontent.globaldata.com/intels-investment-in-sambanova-gets-us-regulatory-clearance/" }, { "date": "2026-07", "round": "F 轮（首次交割）", "amount": "$1B", "lead": "General Atlantic", "post": "$11B 投后", "src": "https://sambanova.ai/press/sambanova-completes-first-close-of-1b-financing-at-11b-valuation" } ], "key_data": [ { "k": "Intel 持股比例", "v": "约 8.2%（计划再投 $15M，约 9%）", "date": "2026-05", "src": "https://www.thestar.com.my/tech/tech-news/2026/05/02/intel039s-sambanova-deal-gets-us-antitrust-clearance" } ], "customers": [ "JPMorganChase" ], "tns_named": true, "sells": [ "推理 API" ], "billing": [ "token", "包年合同" ], "chips": [ "自研" ], "region": "全球", "note": "收购传闻状态：2025-12 Bloomberg 报道 Intel 接近以约 $16 亿收购，后未成交；2026-02 改为 Intel 参与 E 轮并建立合作，2026-05 美国反垄断审查通过 Intel 的投资，2026-07 F 轮估值 $110 亿。Intel CEO 陈立武是 SambaNova 执行主席。未找到一手收入数字。E 轮后估值约 $20 亿（卡塔尔投资局表述）。F 轮仅首次交割，后续可能有更多投资人加入。 补丁：新增 2026-02 E 轮 $350M；Intel 约 $1.6B 的收购谈判破裂，改为合作与投资（C114/集微转述，Reuters 原文首报），Intel 持股约 8.2%（百度百科，需复核）；新芯片 SN50，SambaCloud 为对外云。估值未披露。" }, { "name": "Tenstorrent", "layer": "b2", "url": "https://tenstorrent.com", "hq": "圣克拉拉", "founded": 2016, "desc": "自研 RISC-V 加速卡，console.tenstorrent.com 提供 OpenAI 兼容推理 API（分阶段开放）", "valuation": { "v": "$6.2B", "date": "2026-10", "kind": "E 轮投后，公司公布（Dealroom 转引）", "src": "https://dealroom.co/news/163940-tenstorrent-raises-1-5b-series-e-doubling-valuation-to-6-2b/" }, "funding": [ { "date": "2026-10", "round": "E 轮", "amount": "$1.5B", "lead": "未在摘要中点名", "post": "投后 $6.2B", "src": "https://dealroom.co/news/163940-tenstorrent-raises-1-5b-series-e-doubling-valuation-to-6-2b/" } ], "sells": [ "推理 API", "GPU 租用" ], "billing": [ "token", "卡时" ], "chips": [ "自研" ], "region": "全球", "note": "Console 官方文档称可在浏览器与 API 跑 LLM/图像/视频推理，云端硬件与部署等“分阶段开放”（docs.tenstorrent.com/tt-awesome/entry/tt-console/）；另有 2025-02 起经 Koyeb 提供 Wormhole 实例（私测）。主业仍是卖芯片/服务器与授权 IP，云只是辅助，收入占比未披露，所以按“有但很小”收。E 轮领投方、累计融资口径未查到一手稿。" }, { "name": "Beam", "layer": "b3", "url": "https://www.beam.cloud", "hq": "纽约", "founded": 2021, "desc": "按秒计费的 Serverless GPU，部署推理 API、任务与沙箱", "total_raised": "累计融资约 $4M（聚合站口径）", "funding": [ { "date": "2022-05", "round": "种子轮", "amount": "$3.5M", "lead": "Tiger Global（跟投：Y Combinator、Charge Ventures 等）", "src": "https://www.cbinsights.com/company/slai" } ], "sells": [ "Serverless", "沙箱" ], "billing": [ "秒" ], "chips": [ "NVIDIA" ], "datacenter": "跑在别家云上", "region": "美", "note": "前身 Slai，YC W22；创始人 Luke Lombardi、Eli Mernit。融资只有聚合站（CB Insights / Tracxn / PitchBook）数字，未找到官方公告；无公开估值、收入、客户。2022 年之后未查到新融资。dc 字段为按产品形态的判断，官网未明说。" }, { "name": "Cerebrium", "layer": "b3", "url": "https://www.cerebrium.ai", "hq": "纽约（开普敦起家）", "founded": 2021, "desc": "无服务器 GPU 平台，用于部署实时语音、视频等多模态 AI 应用", "total_raised": "累计融资约 $8.5M（种子轮）", "funding": [ { "date": "2025-07", "round": "种子轮", "amount": "$8.5M", "lead": "Gradient Ventures", "src": "https://cerebrium.ai/blog/cerebrium-raises-8-5m-led-by-gradient-to-scale-the-leading-high-performance-serverless-ai-platform" } ], "key_data": [], "customers": [ "Tavus", "Deepgram" ], "sells": [ "Serverless" ], "billing": [ "秒" ], "chips": [ "NVIDIA" ], "region": "全球", "note": "按单轮 ≥$500 万的标准收录，尚无 A 轮。YC W22。联合创始人对 Business Insider 称已有数百万美元级 ARR（无具体数字，故不写 rev）。 补丁：2026-10 之后未查到新融资；最近一轮仍为 2025-07 种子轮 $8.5M（Gradient Ventures 领投）。https://techcabal.com/2025/07/09/cerebium-raises-8-million/" }, { "name": "Inferless", "layer": "b3", "url": "https://www.inferless.com", "hq": "班加罗尔", "founded": 2022, "founded_month": "2022-12", "desc": "按秒计费的 Serverless GPU 模型部署，主打冷启动速度", "total_raised": "累计融资略高于 $3M（Seedtable 口径）", "key_data": [ { "k": "部署过生产负载的开发者", "v": "数百位", "date": "2026-02", "src": "https://www.baseten.co/blog/announcing-the-acquihire-of-inferless-by-baseten/" } ], "owner": "2026-02 团队并入 Baseten（acquihire，条款未披露）", "sells": [ "Serverless" ], "billing": [ "秒" ], "chips": [ "NVIDIA" ], "region": "全球", "note": "已关停产品（2026-02）：控制台已下线，网站只剩「joins Baseten」横幅。Baseten 博客日期显示 2026-02，Seedtable 记为 2026-03-09，两处不一致，以 Baseten 博客为准。曾参加 Peak XV Surge。来源：https://seedtable.com/exits/inferless" }, { "name": "Koyeb", "layer": "b3", "url": "https://www.koyeb.com", "hq": "巴黎", "founded": 2020, "desc": "Serverless 部署平台（含 GPU 推理和 Koyeb Sandboxes），被 Mistral 收进 Mistral Compute", "total_raised": "累计融资 $8.6M", "funding": [ { "date": "2023-11", "round": "种子轮", "amount": "$7M", "lead": "Serena（ISAI、Samsung NEXT、MongoDB 等跟投）", "src": "https://www.samsungnext.com/blog/why-we-invested-in-koyeb" }, { "date": "2026-02", "round": "被 Mistral AI 收购", "amount": "未披露", "lead": "Mistral AI", "post": "", "src": "https://techcrunch.com/2026/02/17/mistral-ai-buys-koyeb-in-first-acquisition-to-back-its-cloud-ambitions/" } ], "key_data": [], "owner": "2026-02 被 Mistral AI 收购（金额未披露），并入 Mistral Compute", "sells": [ "Serverless", "GPU 租用" ], "billing": [ "秒" ], "region": "欧", "note": "Mistral 的第一笔收购（2026-02-17）；平台收购后继续独立运营，13 名员工和 3 位联创并入 Mistral。累计 $8.6M 来自 Business Insider 报道。创始团队来自 Scaleway。 13 名员工和 3 位创始人并入 Mistral Compute。 补丁：被 Mistral AI 收购，是 Mistral 的首笔收购。https://www.cio.com/article/4134264/" }, { "name": "Lightning AI", "layer": "b3", "url": "https://lightning.ai", "hq": "纽约", "founded": 2019, "desc": "AI Studio 开发环境加 GPU 租用与 Serverless 推理，并入 Voltage Park 自有 GPU", "valuation": { "v": "超 $2.5B", "date": "2026-01", "kind": "合并后估值，创始人对 Forbes 自述", "src": "https://www.forbes.com/sites/iainmartin/2026/01/21/ai-startup-merges-with-a-billionaire-backed-data-center-operator-in-25-billion-deal/" }, "revenue": { "v": "超 $500M", "date": "2026-01", "kind": "ARR，创始人自述，含经 Voltage Park 订出的 GPU 租用", "src": "https://www.forbes.com/sites/iainmartin/2026/01/21/ai-startup-merges-with-a-billionaire-backed-data-center-operator-in-25-billion-deal/" }, "total_raised": "累计融资 $103M（2024-11 公告口径，未含合并）", "funding": [ { "date": "2024-11", "round": "战略融资", "amount": "$50M", "lead": "Cisco Investments、J.P. Morgan、K5 Global、NVIDIA", "src": "https://siliconangle.com/2024/11/21/lightning-ai-raises-50m-eliminate-ai-development-headaches/" } ], "key_data": [ { "k": "GPU 数（Voltage Park）", "v": "超 35,000 张 NVIDIA GPU", "date": "2026-01", "src": "https://www.forbes.com/sites/iainmartin/2026/01/21/ai-startup-merges-with-a-billionaire-backed-data-center-operator-in-25-billion-deal/" }, { "k": "PyTorch Lightning 下载量", "v": "超 4 亿次", "date": "2026-01", "src": "https://www.forbes.com/sites/iainmartin/2026/01/21/ai-startup-merges-with-a-billionaire-backed-data-center-operator-in-25-billion-deal/" } ], "customers": [ "Infineon", "Monks" ], "owner": "2026-01 与 Voltage Park 合并，沿用 Lightning AI 名称（合并，非被收购）", "also_layers": [ "a2", "b4" ], "sells": [ "GPU 租用", "Serverless", "微调", "推理 API" ], "billing": [ "卡时", "秒" ], "scale": { "v": "超 35,000 张 NVIDIA GPU（Voltage Park 并入后）", "date": "2026-01", "src": "https://www.forbes.com/sites/iainmartin/2026/01/21/ai-startup-merges-with-a-billionaire-backed-data-center-operator-in-25-billion-deal/" }, "chips": [ "NVIDIA" ], "datacenter": "自建", "clustermax": "Unavailable", "region": "美", "note": "按任务归 b3；合并后实际是自有 GPU + 软件的全栈云，g 也可考虑 a2/a3。合并细节（持股比例、是否有新融资）未披露。Voltage Park 由 Navigation Fund（Jed McCaleb）$9 亿捐赠建立。" }, { "name": "Modal", "layer": "b3", "url": "https://modal.com", "hq": "纽约", "founded": 2021, "desc": "通用 AI 云：推理、训练、沙箱一起卖，沙箱单项年化已达 3 亿美元", "valuation": { "v": "$15.75B", "date": "2026-10", "kind": "D 轮投后估值，媒体报道", "src": "https://www.axios.com/pro/enterprise-software-deals/2026/10/14/modal-accel-ai-infrastructure" }, "revenue": { "v": "超 $1B", "date": "2026-10", "kind": "年化收入，公司自报（其中沙箱约 $300M）", "src": "https://finance.yahoo.com/technology/ai/articles/sandbox-layer-commoditizing-modal-just-134656104.html" }, "total_raised": "累计融资约 $1.2B", "funding": [ { "date": "2025-09", "round": "B 轮", "amount": "$87M", "lead": "Lux Capital", "post": "$1.1B", "src": "https://x.com/bernhardsson/status/1972649681701486821" }, { "date": "2026-05", "round": "C 轮", "amount": "$355M", "lead": "General Catalyst、Redpoint", "post": "$4.65B 投后", "src": "https://modal.com/blog/modal-series-c" }, { "date": "2026-10", "round": "D 轮", "amount": "$750M", "lead": "Accel", "post": "$15.75B 投后", "src": "https://modal.com/blog/1-billion-annualized-run-rate-series-d" } ], "key_data": [ { "k": "沙箱年化收入", "v": "$300M", "date": "2026-10", "src": "https://modal.com/blog/1-billion-annualized-run-rate-series-d" }, { "k": "累计沙箱数", "v": "近 30 亿", "date": "2026-10", "src": "https://modal.com/blog/1-billion-annualized-run-rate-series-d" }, { "k": "每日沙箱数", "v": "约 1,000 万", "date": "2026-03", "src": "https://x.com/bernhardsson/status/2032189127257436410" }, { "k": "沙箱收入月增速", "v": "+30%", "date": "2026-08", "src": "https://x.com/bernhardsson/status/2085689485321216262" }, { "k": "Sandboxes 产品年收入", "v": "$300M", "date": "2026-10", "src": "https://thenextweb.com/news/modal-750m-series-d-15-75bn-valuation" } ], "customers": [ "Lovable", "Ramp", "Cognition", "Quora", "Codegen", "DoorDash", "Linear", "Suno" ], "also_layers": [ "d1", "b4" ], "sells": [ "Serverless", "沙箱", "微调" ], "billing": [ "秒" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "region": "全球", "note": "不是纯沙箱公司，沙箱是 AI 云里的一个产品。2026-05 时沙箱占收入三分之一以上。种子、A 轮只有聚合站来源，未列。 补丁：新增 2026-10 D 轮 $750M / $15.75B 与 ARR 超 $1B；沙箱已独立成产品，约 $3 亿 ARR、累计 30 亿个沙箱；容量池覆盖 20+ 家云。" }, { "name": "Northflank", "layer": "b3", "url": "https://northflank.com", "hq": "伦敦", "founded": 2019, "desc": "通用容器平台，带 microVM 沙箱，可部署进客户的云", "total_raised": "累计融资约 $22–25M（各家口径不一）", "funding": [ { "date": "2024-11", "round": "A 轮", "amount": "$16M", "lead": "Bain Capital Ventures", "src": "https://www.cbinsights.com/company/northflank" } ], "key_data": [ { "k": "CPU 单价", "v": "$0.01667 / vCPU·小时", "date": "2026-04", "src": "https://northflank.com/blog/best-agent-cloud-platforms" }, { "k": "新功能 Harnesses（托管跑 Claude Code / Codex 等）", "v": "上线", "date": "2026-09", "src": "https://northflank.com/changelog/august-and-september-2026" } ], "customers": [ "Sentry", "CoreWeave" ], "also_layers": [ "d1", "c1" ], "sells": [ "Serverless", "GPU 租用", "沙箱", "调度" ], "billing": [ "卡时", "秒" ], "chips": [ "NVIDIA" ], "datacenter": "跑在别家云上", "region": "欧", "note": "「每月 200 万个 microVM」只有第三方说，没用。A 轮之后没找到新融资。客户名来自第三方整理，未在官方页面逐一核实。 补丁：2026-10 未查到新融资（累计约 $2230 万：2024-11 A 轮 $1600 万 Bain Capital Ventures 领投 + 种子 $630 万，来源 https://c9group.dev/en/articles/northflank-european-cloud-review ）；GPU 含 H100、B200，配 microVM 沙箱，有 BYOC。" }, { "name": "Replicate", "layer": "b3", "url": "https://replicate.com", "hq": "San Francisco", "founded": 2019, "desc": "一行 API 调用跑开源模型的托管平台，现属 Cloudflare", "total_raised": "累计融资约 $58M（2019–2023，B 轮 $40M 由 a16z 领投）", "funding": [ { "date": "2025-11", "round": "被 Cloudflare 收购", "amount": "未披露", "lead": "Cloudflare", "post": "", "src": "https://www.siliconrepublic.com/business/cloudflare-acquires-replicate-ai-deployment-artificial-intelligence-2025" } ], "key_data": [ { "k": "可调用模型", "v": "5 万+", "date": "2025-11", "src": "https://siliconangle.com/2025/11/17/cloudflare-acquires-ai-deployment-startup-replicate/" }, { "k": "并入 Cloudflare", "v": "品牌和 API 不变", "date": "2025-11", "src": "https://replicate.com/blog/replicate-cloudflare" } ], "owner": "2025-11 被 Cloudflare 收购（金额未披露，2026 初交割），品牌保留", "sells": [ "推理 API", "Serverless" ], "billing": [ "秒" ], "region": "全球", "note": "保留独立品牌和 API，并入 Cloudflare Workers AI。SiliconANGLE 写累计融资 $23M+，与其他公开轮次对不上，未写 total。 补丁：确认被 Cloudflare 收购，API 不变，逐步并入 Workers AI。https://siliconangle.com/2025/11/17/cloudflare-acquires-ai-deployment-startup-replicate/" }, { "name": "Axolotl", "layer": "b4", "url": "https://axolotl.ai", "hq": "旧金山", "founded": 2024, "desc": "开源微调框架背后的公司，推出托管训练云（候补名单）", "funding": [ { "date": "2024-09", "round": "早期融资", "amount": "未披露", "lead": "Essence Venture Capital", "src": "https://pitchbook.com/profiles/company/665004-79" } ], "sells": [ "微调" ], "region": "全球", "note": "有公司（Axolotl AI，创始人 Wing Lian，2024 年成立，约 4-5 人），开源项目始于 2023。托管服务 Axolotl Cloud 按聚合站信息仍是候补名单，没核实到正式开放。融资金额未披露。https://www.everydev.ai/developers/axolotl-ai" }, { "name": "Lamini", "layer": "b4", "url": "https://www.lamini.ai", "hq": "帕洛阿尔托", "founded": 2022, "desc": "企业用私有数据微调开源大模型的平台，可私有化部署", "total_raised": "累计融资 $25M", "funding": [ { "date": "2024-05", "round": "A 轮（含种子，合计）", "amount": "$25M", "lead": "Amplify Partners（A 轮）/ First Round Capital（种子）", "src": "https://cbi-www.lighthouse.ai/investor/pierre-lamond" } ], "owner": "2025-06 联合创始人兼 CEO Sharon Zhou 与数名员工加入 AMD（AMD 称是招聘而非收购）", "sells": [ "微调" ], "region": "美", "note": "公司法人与产品去向未公布：AMD 说不是收购（来源 https://www.crn.com/news/ai/2025/amd-hires-team-behind-instinct-boosting-ai-isv-lamini ）；第三方工具站标记产品已下线，但没找到公司官方关停声明，状态按「疑似停止运营」处理。联合创始人 Greg Diamos 2024 年已离开。" }, { "name": "MosaicML（Mosaic AI）", "layer": "b4", "url": "https://www.databricks.com/product/mosaic-ai", "hq": "旧金山", "founded": 2021, "desc": "大模型预训练与微调平台，现为 Databricks 的 Mosaic AI", "valuation": { "v": "约 $1.3B", "date": "2023-06", "kind": "收购价（含留任奖金）", "src": "https://www.databricks.com/company/newsroom/press-releases/databricks-signs-definitive-agreement-acquire-mosaicml-leading-generative-ai-platform" }, "total_raised": "累计融资约 $64M", "customers": [ "AI2", "Hippocratic AI", "Replit" ], "owner": "2023-06 被 Databricks 收购（约 $13 亿，含留任奖金）", "product_line_of": "Databricks", "sells": [ "微调", "推理 API" ], "region": "美", "note": "Mosaic AI 现为 Databricks 的产品线；收购时客户含 AI2、Replit、Hippocratic AI 等。累计融资来源 Reuters：https://www.reuters.com/5f374b32b07b/markets/deals/databricks-strikes-13-bln-deal-generative-ai-startup-mosaicml-2023-06-26/" }, { "name": "OpenPipe", "layer": "b4", "url": "https://openpipe.ai", "hq": "西雅图", "founded": 2023, "desc": "用 API 微调与强化学习训练 agent 模型，开源 ART 工具", "total_raised": "累计融资约 $6.7M", "funding": [ { "date": "2024-03", "round": "种子轮", "amount": "$6.7M", "lead": "Costanoa Ventures（跟投：Y Combinator 等）", "src": "https://news.laodong.vn/cong-nghe/coreweave-thau-tom-startup-ai-openpipe-de-mo-rong-nen-tang-1568651.ldo" } ], "owner": "2025-09 被 CoreWeave 收购（未披露金额）", "sells": [ "微调" ], "billing": [ "token" ], "region": "美", "note": "收购公告 2025-09-03，客户迁到 CoreWeave 平台。计费单位 token 为按微调产品常规判断，未逐页核对。来源：https://www.inc.com/melissa-angell/coreweave-just-acquired-a-y-combinator-startup-to-fuel-its-ai-platform-expansion/91235012" }, { "name": "Predibase", "layer": "b4", "url": "https://predibase.com", "hq": "旧金山", "founded": 2021, "desc": "企业用的开源小模型微调与托管推理平台，主打 LoRA，已并入 Rubrik", "total_raised": "被收购前累计融资约 $2800 万（SiliconANGLE 报道）", "funding": [], "key_data": [ { "k": "收购宣布与报道金额", "v": "2025-06-25 宣布；CNBC 引知情人称 $1 亿–5 亿", "date": "2025-06", "src": "https://www.cnbc.com/2025/06/25/rubrik-agrees-to-buy-ai-startup-predibase-for-over-100-million.html" }, { "k": "收购完成", "v": "2025-08-12 完成；对价含最多 90% 的 Rubrik 股票", "date": "2025-08", "src": "https://hk.marketscreener.com/news/rubrik-inc-completed-the-acquisition-of-predibase-inc-ce7c51dada81f123" } ], "owner": "2025-06 宣布被 Rubrik 收购（金额未披露；Rubrik 年报记商誉 $9290 万）", "sells": [ "微调", "推理 API" ], "note": "并入 Rubrik 用于其 agent 与数据安全产品线；被收购时团队约 25 人（CNBC）。金额仅为匿名知情人说法，非公司披露。 补丁：确认被 Rubrik 收购并已并入。https://www.nasdaq.com/press-release/rubrik-acquire-predibase-accelerate-agentic-ai-adoption-2025-06-25" }, { "name": "Thinking Machines Lab（Tinker）", "layer": "b4", "url": "https://thinkingmachines.ai", "hq": "旧金山", "founded": 2025, "desc": "Mira Murati 创办的 AI 实验室；Tinker 是托管微调 API，不碰 GPU 就能用自有数据调开源模型", "valuation": { "v": "$40B", "date": "2026-09", "kind": "在谈（The Information 报道：Accel 洽谈领投 $1B，投前至少 $40B）", "src": "https://dealroom.co/news/148714-thinking-machines-lab-in-talks-for-1b-series-a-at-40b-valuation/" }, "revenue": { "v": "$100M+", "date": "2026-09", "kind": "年化（The Information 报道，主要来自 Tinker）", "src": "https://www.zhiding.cn/ai/2026/0904/3198429.shtml" }, "total_raised": "累计约 $2B（种子轮）", "funding": [ { "date": "2025-07", "round": "种子轮", "amount": "$2B", "lead": "Andreessen Horowitz", "post": "$12B", "src": "https://www.zhiding.cn/ai/2026/0904/3198429.shtml" } ], "key_data": [ { "k": "Brex 2026 夏季增速榜", "v": "第 4 名（Brex 标为「给 AI 开发者的基础设施」）", "date": "2026-08", "src": "https://www.brex.com/journal/brex-benchmark-articles/top-25-fastest-growing-startups-of-summer-2026" } ], "sells": [ "微调" ], "billing": [ "token" ], "region": "美", "note": "收录的是 Tinker 这条产品线：Brex 把它归为开放模型算力栈里最新的一层（托管微调）。公司也发开放权重模型 Inkling，接在 Tinker 上按用量收费。 补丁：未交割。The Information 2026-09-03 报道在谈 $10 亿、估值至少 $400 亿，Accel 拟领投（https://techfundingnews.com/thinking-machines-in-talks-for-1b-at-40b-valuation-as-mira-muratis-ai-lab-races-ahead/ ）；此前谈 $500-600 亿的那轮未成。已交割的仍是 2025-07 种子轮 $20 亿 / $120 亿。年化收入据单一匿名来源超 $1 亿，不入 rev。" }, { "name": "LiteLLM", "layer": "b5", "url": "https://www.litellm.ai", "hq": "旧金山", "founded": 2023, "desc": "开源 LLM 网关：一套 OpenAI 格式接口调 100+ 模型，企业版管权限和用量", "revenue": { "v": "ARR $14M+", "date": "2026-09", "kind": "公司自报（招聘帖，称已盈利、月增 20%）", "src": "https://www.paraform.com/company/litellm/cmtm81pju000f0agmqnleah66" }, "total_raised": "累计约 $1.6M（公司自报种子轮）", "funding": [ { "date": "2023", "round": "种子轮", "amount": "$1.6M", "lead": "Y Combinator、Gravity Fund、Pioneer Fund", "src": "https://www.paraform.com/company/litellm/cmtm81pju000f0agmqnleah66" } ], "key_data": [ { "k": "GitHub 星数", "v": "34K+", "date": "2026-09", "src": "https://www.tealhq.com/job/backend-llm-engineer_7ea1af12f4c4db2272bd1ac1000f382dd363f" } ], "customers": [ "NASA", "Netflix", "Adobe", "Nvidia", "Rocket Money" ], "sells": [ "推理 API" ], "billing": [ "token" ], "region": "全球", "note": "融资没到收录线，破例收录：6 张别人的图谱都收了它，公司自报已有收入并盈利。ARR 只见于招聘帖，未独立核实。公司名 BerriAI。 补丁：LiteLLM 是开源网关，商业主体 BerriAI（YC W23）；融资口径不一（$1.6M / $2.1M / $4M，PitchBook、Dealroom 转引，均无一手稿），聚合站称 ARR 约 $7M（Dealroom 转引，未审计）。不放入 funding/rev 以免误导；sell 不属于六词之一故省略。2026-10 后未查到新融资。" }, { "name": "Martian", "layer": "b5", "url": "https://withmartian.com", "hq": "旧金山", "founded": 2022, "founded_month": "2022-07", "desc": "LLM 路由器与模型网关，按每个请求选最合适的模型，降成本提质量", "total_raised": "累计融资约 $9M（种子轮，不含 Accenture 未披露金额）", "funding": [ { "date": "2023-11", "round": "种子轮", "amount": "$9M", "lead": "NEA", "src": "https://www.finsmes.com/2024/09/martian-raises-9m-in-funding.html" }, { "date": "2024-09", "round": "战略投资", "amount": "未披露", "lead": "Accenture Ventures", "src": "https://www.nasdaq.com/press-release/accenture-invests-martian-bring-dynamic-routing-of-large-language-queries-and-more" } ], "key_data": [ { "k": "使用公司数", "v": "300+ 家（含 Amazon、Zapier）", "date": "2024-09", "src": "https://www.finsmes.com/2024/09/martian-raises-9m-in-funding.html" } ], "customers": [ "Amazon", "Zapier", "Accenture（战略合作）" ], "sells": [ "推理 API" ], "billing": [ "token" ], "region": "美", "note": "按单轮 ≥$500 万的标准收录，无 A 轮。有第三方博客称 2026 年 4-5 月传出估值约 $13 亿，未找到一手报道，故不写 val。 补丁：路由产品已不再公开：第三方核查称 2026-07-21 官网改为研究实验室页面（转向可解释性），自动路由器与定价页返回 404，但网关 API 仍可响应（standardcompute.com 2026-10-12，聚合站；官方公告未查到）。PitchBook 写种子轮约 $23M，另有媒体称累计约 $32M，口径不一，未找到一手稿。" }, { "name": "OpenRouter", "layer": "b5", "url": "https://openrouter.ai", "hq": "纽约", "founded": 2023, "desc": "一个 API 接 400+ 模型的网关，按价格和可用性路由", "valuation": { "v": "~$7.5B", "date": "2026-08", "kind": "报道（收购价，纽约时报；Axios 称 $8B 以上；Stripe 未公布）", "src": "https://siliconangle.com/2026/08/19/stripe-buys-ai-model-router-openrouter-in-reported-7-5b-deal/" }, "revenue": { "v": "$50M+", "date": "2026-05", "kind": "媒体估算（The Information，年化）", "src": "https://api3.cls.cn/share/article/2333172?os=ios&sv=854&app=" }, "total_raised": "累计融资约 $153M（CB Insights 聚合站）；纽约时报称投资人累计投入 $164M", "funding": [ { "date": "2025-06", "round": "A 轮", "amount": "$40M", "lead": "a16z、Menlo Ventures", "post": "约 $547M 投后（PitchBook 估算）", "src": "https://finance.yahoo.com/sectors/technology/articles/openrouter-more-doubles-valuation-1-183301959.html" }, { "date": "2026-05", "round": "B 轮", "amount": "$113M", "lead": "CapitalG", "post": "约 $1.3B 投后（纽约时报）", "src": "https://techcrunch.com/2026/05/26/openrouter-more-than-doubles-valuation-to-1-3b-in-a-year/" } ], "key_data": [ { "k": "每周 token 量", "v": "约 25 万亿", "date": "2026-05", "src": "https://techcrunch.com/2026/05/26/openrouter-more-than-doubles-valuation-to-1-3b-in-a-year/" }, { "k": "用户数", "v": "超 800 万", "date": "2026-05", "src": "https://eu.36kr.com/zh/p/3827152626225799" }, { "k": "每日 token 处理量", "v": "10 万亿+", "date": "2026-08", "src": "https://x.com/alexatallah/status/2090132423287750886" }, { "k": "开发者与企业数", "v": "1,000 万+", "date": "2026-08", "src": "https://x.com/alexatallah/status/2090132423287750886" }, { "k": "接入模型数", "v": "400+ 个模型、80+ 家服务商", "date": "2026-08", "src": "https://stripe.com/newsroom/news/stripe-agrees-to-acquire-openrouter" } ], "customers": [ "NVIDIA", "Zoom", "Lovable" ], "owner": "2026-08 Stripe 同意收购（Bloomberg 先报超 $7B，后确认交易但未披露条款，未见交割公告）", "sells": [ "推理 API" ], "billing": [ "token" ], "region": "全球", "models": { "v": "500+", "date": "2026-08", "src": "https://www.siliconrepublic.com/business/bloomberg-stripe-seals-deal-to-buy-openrouter-for-more-than-7bn" }, "note": "价格口径冲突：Stripe 和 OpenRouter 均未公布，纽约时报 $7.5B（创始人约 $1.5B、投资人约 $6B），Axios $8B+ 且以股票为主，Bloomberg 早先报 $7B+。9 月初的报道称尚未交割，10 月未找到交割公告。收入 $50M+ 为 5 月前的年化数，7 月另有聚合站称约 $140M，未找到一手出处故不采用。 补丁：新增 B 轮与被收购；The WSJ 7 月曾报价约 $10B，Bloomberg 称最终价可能变动，金额写“超 $7B（报道）”。收入各源不一（Sacra 估算约 $50M，聚合站另有 $140M），均未找到一手出处，不写 rev。" }, { "name": "Requesty", "layer": "b5", "url": "https://www.requesty.ai", "hq": "伦敦", "founded": 2025, "desc": "一个 OpenAI 兼容入口路由 600+ 模型，带缓存、故障切换与治理", "revenue": { "v": "$1.5M", "date": "2025-09", "kind": "ARR，投资方公开帖转述公司数字（上线 4 个月）", "src": "https://www.linkedin.com/posts/seb-johnson_breaking-20vc-invests-3m-into-requesty-activity-7377257985183490048-Qecf" }, "total_raised": "约 $3M（PitchBook 写 $3.58M）", "funding": [ { "date": "2025-09", "round": "种子轮", "amount": "$3M", "lead": "20VC（跟投：Tapestry VC、Insiders Ventures、Tiny Supercomputer Investment Company）", "src": "https://africa.businessinsider.com/news/this-ai-startup-helps-developers-safely-and-cheaply-build-on-top-of-llms-from-openai/6033x86" } ], "key_data": [ { "k": "开发者数", "v": "25,000 人用过；周活约 6,000", "date": "2025-09", "src": "https://www.linkedin.com/posts/seb-johnson_breaking-20vc-invests-3m-into-requesty-activity-7377257985183490048-Qecf" } ], "sells": [ "推理 API" ], "billing": [ "token" ], "region": "全球", "models": { "v": "600+，30+ 家提供商", "date": "2026-10", "src": "https://www.requesty.ai/startup" }, "note": "公司原做数据分析，2025 年转做 LLM 网关。收入模式：模型成本加 5%（自带密钥 0%），来自官网创业者计划页。2025 年后的新融资、收入未查到。创始时间各源不一（PitchBook 2023，Tracxn 2025），按转型当年写 2025。" }, { "name": "Unify", "layer": "b5", "url": "https://unify.ai", "hq": "伦敦", "founded": 2022, "desc": "曾做按质量/成本/速度动态选模型的 LLM 路由；现转向智能体持续学习", "total_raised": "约 $8M", "funding": [ { "date": "2024-05", "round": "种子轮", "amount": "$8M", "lead": "Y Combinator、SignalFire、Essence VC、A.Capital 等", "src": "https://m.zhiding.cn/article/3186705.htm" } ], "sells": [ "推理 API" ], "billing": [ "token" ], "region": "全球", "note": "已停止路由服务：第三方核查称 2026-10-07 官网转向“让模型持续学习”，旧仓库归档，控制台与 API 域名不再解析；另一页 2026-09-27 称 unify.ai 现为研究实验室站点，无产品、定价与注册（standardcompute.com 与 startupperks.co，均为聚合/导购站，官方 unify.ai/llms.txt 本次未直接打开，需复核）。融资页面 zhiding 为 TechCrunch 中文转载。2024 年后无新融资公开。" }, { "name": "Vercel AI Gateway", "layer": "b5", "url": "https://vercel.com/ai-gateway", "hq": "旧金山", "founded": 2025, "desc": "Vercel 产品线：一个 API 调数百个模型，管路由、预算、日志与故障切换", "total_raised": null, "funding": [], "key_data": [ { "k": "网关用户", "v": "20 万+ 团队、累计数十万亿 token（Vercel 数据，聚合站转述）", "date": "2026-04", "src": "https://enterprisedna.co/resources/ai-map/company/vercel/" }, { "k": "开源模型占比", "v": "2026-08 开源权重模型 token 占比首次过半（Vercel AI Gateway Production Index）", "date": "2026-08", "src": "https://www.silicon.fr/data-ia-1372/les-modeles-ouverts-semparent-de-la-majorite-du-trafic-dia-en-production-selon-vercel-229308" }, { "k": "GA 时间", "v": "2025-08-21 正式 GA（官方博客发布日）", "date": "2025-08", "src": "https://vercel.com/blog/ai-gateway-is-now-generally-available" }, { "k": "支持模型数", "v": "官网称 400+ 模型、一个 API Key", "date": "2026-10", "src": "https://vercel.com/ai-gateway" }, { "k": "token 处理量", "v": "官方 Production Index 称每月路由「数十万亿 token」（tens of trillions）；未给请求数", "date": "2026-10", "src": "https://vercel.com/blog/ai-gateway-production-index-october-2026" }, { "k": "定价方式", "v": "零加价：按上游官方牌价计费，含自带 Key（BYOK）；免费档每 30 天 5 美元额度", "date": "2025-08", "src": "https://vercel.com/blog/ai-gateway-is-now-generally-available" } ], "owner": "Vercel 产品线", "product_line_of": "Vercel", "sells": [ "推理 API" ], "billing": [ "token" ], "region": "全球", "note": "与同组 OpenRouter、Portkey、Cloudflare AI Gateway 功能重叠，卖点是零加价和 Vercel 生态；用量只给「数十万亿 token/月」量级，没公布请求数。 补丁：网关“无 token 加价”（据聚合站描述，需官网复核）；Vercel 母公司 2025-09 F 轮 $300M、估值 $9.3B，运行收入约 $340M（2026-04，报道），出处为聚合站，未取一手稿，此处不入 val/rev。" }, { "name": "Anyscale", "layer": "c1", "url": "https://www.anyscale.com", "hq": "旧金山", "founded": 2019, "desc": "Ray 开源框架背后的公司，托管平台用于大规模训练、推理和数据处理", "valuation": { "v": "~$1.65B", "date": "2026-07", "kind": "报道（收购价，Bloomberg 援引知情人士；公司未公布）", "src": "https://www.reuters.com/business/ai-cloud-provider-nscale-buy-software-startup-anyscale-2026-07-30/" }, "total_raised": "累计融资约 $259M（CB Insights 聚合站）", "funding": [ { "date": "2021-12", "round": "C 轮", "amount": "$100M", "lead": "a16z、Addition 联合领投", "post": "$1B 投后", "src": "https://www.anyscale.com/press/anyscale-secures-100m-series-c-at-1b-valuation-to-radically-simplify-scaling-and-productionizing-ai-applications" } ], "key_data": [ { "k": "团队规模", "v": "约 200 人（美国、欧洲、印度）", "date": "2026-07", "src": "https://www.anyscale.com/press/nscale-acquires-anyscale-enhancing-its-full-stack-ai-cloud-platform" } ], "customers": [ "Coinbase", "Bedrock Robotics", "Runway" ], "owner": "2026-07-29 宣布被 Nscale 收购，据彭博报道约 $16.5 亿（双方未确认）；预计 2026 下半年交割，约 200 名员工并入，Anyscale 品牌保留", "tns_named": true, "sells": [ "调度", "Serverless" ], "billing": [ "卡时", "包年合同" ], "datacenter": "跑在别家云上", "region": "全球", "note": "预计 2026 下半年交割，需监管批准；未找到交割公告。Anyscale 称最近一个季度收入环比增长 70%（Bloomberg 转述，无绝对值）。Ray 已于 2025 年捐给 PyTorch Foundation。现任 CEO 为 Keerti Melkote，联合创始人 Robert Nishihara 此前任 CEO。2022 年 C 轮延续的 $1.38B 估值来自媒体转述，未采用。 补丁：新增被 Nscale 收购（来源 https://theedgemalaysia.com/node/812697 、https://www.romania-insider.com/index%2Ephp/nscale-acquire-romanian-co-founded-ai-startup-anyscale-july-2026 ）。公司称最近一季收入环比增长 70%。本轮没查到交割是否已完成。" }, { "name": "BentoML", "layer": "c1", "url": "https://www.bentoml.com", "desc": "开源模型服务框架加托管推理平台，支持多云和 BYOC", "key_data": [ { "k": "使用组织数", "v": "1 万+ 个组织，含 50+ 家 Fortune 500", "date": "2026-02", "src": "https://www.modular.com/blog/bentoml-joins-modular" } ], "owner": "2026-02 被 Modular 收购（产品收购，金额未披露）", "tns_named": true, "also_layers": [ "b3" ], "sells": [ "Serverless", "调度" ], "billing": [ "秒" ], "datacenter": "跑在别家云上", "region": "全球", "note": "收购公告：https://bentoml.com/blog/bentoml-is-joining-modular （2026-02-10）和 https://www.modular.com/blog/bentoml-joins-modular 。开源项目继续 Apache 2.0，客户合同照旧。融资史、成立年份本轮没查到，省略；创始人 Chaoyu Yang。" }, { "name": "Brev.dev", "layer": "c1", "url": "https://www.brev.dev", "hq": "旧金山", "desc": "一键开 GPU 开发环境的平台，跨多家 GPU 云；现属 NVIDIA", "owner": "2024-07 被 NVIDIA 收购（金额未披露）", "sells": [ "调度", "GPU 租用" ], "billing": [ "卡时" ], "chips": [ "NVIDIA" ], "datacenter": "聚合别人的卡", "region": "美", "note": "收购出处：https://www.namaventures.com/nvidia-acquires-brev-dev-a-portfolio-company-of-nama-ventures/ （早期投资方 Nama Ventures 公告），Brev 官方文档也写明 2024-07 被 NVIDIA 收购。ClusterMAX 2.0 提到 Shadeform 是 NVIDIA Brev 产品目前唯一的供应合作方。创始人 Nader Khalil、Alec Fong。成立年份、融资史没查到。" }, { "name": "ClearML", "layer": "c1", "url": "https://clear.ml", "hq": "伯克利", "desc": "企业 AI 基础设施：GPU 集群调度、实验管理、模型部署，支持本地和混合云", "key_data": [ { "k": "客户与用户", "v": "2,100+ 客户、30 万+ 开发者和 IT 团队", "date": "2026-09", "src": "https://profiles.crustdata.com/company/clearml" } ], "sells": [ "调度" ], "billing": [ "包年合同" ], "datacenter": "跑在别家云上", "region": "全球", "note": "前身 Allegro AI（CMO Noam Harel 出身 enSilo，列于 IVC）；是 NVIDIA 合作伙伴。融资史本轮没查到一手信息，成立年份有冲突（IVC 记注册 2022，品牌史更早），省略。Crustdata 记员工 78 人，同比翻倍。" }, { "name": "dstack", "layer": "c1", "url": "https://dstack.ai", "hq": "慕尼黑", "founded": 2022, "desc": "开源 AI 容器编排，一套配置在多家云和自有集群上跑训练和推理", "total_raised": "累计约 $100 万（仅此一轮，捷克媒体口径）", "funding": [ { "date": "2023-08", "round": "种子轮", "amount": "约 2,400 万捷克克朗（捷克媒体报道，约 $100 万）", "lead": "Tensor Ventures、Rheingau Founders（各约 1,200 万克朗）", "src": "https://komoraplus.cz/2023/08/25/cesti-investori-lovi-poklady-v-hlubokych-technologickych-vodach/" } ], "sells": [ "调度" ], "billing": [ "包年合同" ], "datacenter": "跑在别家云上", "region": "欧", "note": "创始人 Andrey Cheptsov（原 JetBrains），联合创始人 Andrew Aikawa（CB Insights）。CB Insights 写成立 2022、Y Combinator 投过，未找到一手；2024-05 对高校和开源研究免费开放 dstack Enterprise（LinkedIn 帖）。收入、客户数没查到。unit 仅作占位，官网计费方式待核。" }, { "name": "Rafay", "layer": "c1", "url": "https://rafay.co", "hq": "桑尼维尔", "founded": 2017, "desc": "给 GPU 云和企业搭自助 GPU 平台与 Kubernetes 运维，含 Token Factory 计费", "revenue": { "v": "$25.1M", "date": "2024-12", "kind": "年度 ARR，聚合站转述", "src": "https://yespress.io/haseeb-budhani" }, "total_raised": "累计约 $37M（含 $4.1M 种子，聚合站口径；Tracxn 写 $33M）", "funding": [ { "date": "2021-08", "round": "B 轮", "amount": "$25M", "lead": "ForgePoint Capital", "src": "https://platformengineering.org/tools/rafay" }, { "date": "2019-09", "round": "A 轮", "amount": "$8M", "lead": "Ridge Ventures（Costanoa Ventures、Moment Ventures 跟投）", "src": "https://www.sdxcentral.com/news/rafay-launches-kubernetes-management-saas-with-ntt-as-a-customer/" } ], "customers": [ "Verizon", "Guardant Health", "MoneyGram" ], "sells": [ "调度" ], "billing": [ "包年合同" ], "datacenter": "跑在别家云上", "region": "全球", "note": "2026 年推出 Token Factory，帮 GPU 提供商做按 token 计费的 AI 服务；与 NVIDIA 云合作伙伴框架对齐、获 NVIDIA 首批 AI Cloud Ready 合作伙伴认证（ByteBridge 转述）。2021 年之后没有查到新融资。ARR 来自聚合站，没找到 Rafay 官方披露。" }, { "name": "Run:ai", "layer": "c1", "url": "https://www.run.ai", "hq": "特拉维夫", "founded": 2018, "desc": "基于 Kubernetes 的 GPU 调度与共享，提高集群利用率；现并入 NVIDIA", "owner": "2024-12-30 被 NVIDIA 收购完成（报道称约 $7 亿，未官方披露），软件随后开源；2026-10-13 NVIDIA 宣布将其作为开源软件放进 DSX AI Factory 生态", "sells": [ "调度" ], "billing": [ "包年合同" ], "chips": [ "NVIDIA" ], "datacenter": "跑在别家云上", "region": "全球", "note": "收购报道来源 https://techcrunch.com/2024/12/30/nvidia-completes-acquisition-of-ai-infrastructure-startup-runai/ ；2026-10 开源动态来自 https://blockchain.news/tag/run:ai（二手）。收购前融资史、成立年份本轮没逐条核一手，成立年份和总部按公开常识填，需后补出处。" }, { "name": "SkyPilot", "layer": "c1", "url": "https://skypilot.ai", "founded": 2021, "desc": "开源多云 AI 调度引擎及商业平台，把多家云和集群的 GPU 当一个池用", "total_raised": "累计 $20M+（官方，种子轮）", "funding": [ { "date": "2026-07", "round": "种子轮", "amount": "$20M", "lead": "Lux Capital（Coatue、Amplify Partners、Foundation Capital、Race Capital、The House Fund 跟投）", "src": "https://skypilot.ai/blog/skypilot-the-company" } ], "key_data": [ { "k": "开源下载量", "v": "18M+ 次，GitHub 10k+ star，管理数百家公司的 GPU 集群", "date": "2026-09", "src": "https://globalwork.ai/en/remote-jobs/usa/design-lead_b3d28d83-3681-4f90-912e-a2da1827584e" }, { "k": "最大部署", "v": "最大部署超过 1 万张 GPU", "date": "2026-07", "src": "https://www.linkedin.com/posts/tech-lens-media_techlensmedia-aiinfrastructure-aicompute-activity-7485409096448520192-8hVm" } ], "customers": [ "Abridge", "Applied Compute", "Mistral", "Unconventional AI", "H Company", "Nubank" ], "tns_named": true, "sells": [ "调度" ], "billing": [ "包年合同" ], "datacenter": "跑在别家云上", "region": "全球", "note": "背后公司就叫 SkyPilot，创始人 Zongheng Yang（CEO）、Zhanghao Wu、Romil Bhardwaj，加 Ion Stoica 和 Scott Shenker，出自 UC Berkeley Sky Computing Lab。2026-07-21 官宣脱离隐身并推出商业平台。开源项目始于 2021 年左右（按 Berkeley 实验室背景写，未找到精确日期），公司注册时间没查到。客户名来自公司招聘页自述。计费方式是推测（企业订阅），官网未写，所以 unit 仅作占位，待核。" }, { "name": "Deci", "layer": "c2", "url": "https://deci.ai", "hq": "特拉维夫", "founded": 2019, "desc": "神经架构搜索与推理优化，被 NVIDIA 收购后并入其模型线", "valuation": { "v": "约 $300M", "date": "2024-05", "kind": "收购价，Calcalist 估计", "src": "https://www.calcalist.co.il/ctechnews/article/hjh7fr9oa" }, "owner": "2024-05 被 NVIDIA 收购（Calcalist 估约 $3 亿，官方未披露）", "product_line_of": "NVIDIA", "region": "全球", "note": "收购价为媒体估计。Calcalist 称 2022-07 最后一轮时估值约 $2 亿。融资总额未核实。不直接卖云服务，sell / unit 留空。" }, { "name": "Doubleword", "layer": "c2", "url": "https://www.doubleword.ai", "hq": "伦敦", "founded": 2021, "desc": "企业自托管推理栈，另有批量 / 异步推理 API", "total_raised": "累计融资约 $12M（官方公告口径；CB Insights 记 $14.8M）", "funding": [ { "date": "2025-05", "round": "A 轮", "amount": "$12M", "lead": "Dawn Capital（跟投：K5 Global，天使含 Hugging Face CEO Clément Delangue）", "src": "https://resources.doubleword.ai/resources/doubleword-series-a-announcement" } ], "customers": [ "Dataiku", "Kelp", "Ken AI", "OpenMed" ], "sells": [ "推理 API" ], "billing": [ "token" ], "region": "欧", "note": "原名 TitanML，2025-05 改名。API 按 token 计费，分实时 / Async / Batch 三档 SLA（FIRST CVC 整理：https://www.firstcvc.jp/global/doubleword.ai ）。与 Snowflake、Dataiku 有集成。" }, { "name": "Inferact", "layer": "c2", "url": "https://inferact.ai", "hq": "San Francisco", "founded": 2025, "desc": "vLLM 推理引擎的商业公司，计划推出托管的 serverless vLLM 推理服务", "valuation": { "v": "$800M", "date": "2026-01", "kind": "报道", "src": "https://techcrunch.com/2026/01/22/inference-startup-inferact-lands-150m-to-commercialize-vllm/" }, "total_raised": "累计融资 $150M", "funding": [ { "date": "2026-01", "round": "种子轮", "amount": "$150M", "lead": "Andreessen Horowitz、Lightspeed", "post": "$800M", "src": "https://techcrunch.com/2026/01/22/inference-startup-inferact-lands-150m-to-commercialize-vllm/" } ], "key_data": [ { "k": "vLLM GitHub star", "v": "94,145", "date": "2026-10", "src": "https://github.com/vllm-project/vllm" } ], "region": "美", "note": "四位联创：CEO Simon Mo、CTO Woosuk Kwon、首席科学家游凯超、Roger Wang；Ion Stoica 等为顾问。Simon Mo、Zhuohan Li 未找到明确的中国背景公开出处，未计入 补丁：2026-10 之后未查到新融资；最近一轮仍为 2026-01 种子轮 $1.5 亿、投后 $8 亿（a16z、Lightspeed 联合领投）。https://www.digitaltoday.co.kr/en/view/1912/inferact-raises-150-million-seed-to-accelerate-vllm-commercialisation" }, { "name": "Modular", "layer": "c2", "url": "https://www.modular.com", "hq": "美国加州", "founded": 2022, "founded_month": "2022-01", "desc": "Mojo 语言和 MAX 推理引擎，一套代码跑多家芯片", "total_raised": null, "funding": [ { "date": "2025-09", "round": "C 轮", "amount": "$2.5 亿", "post": "$19 亿投后（ABI 口径）", "src": "https://www.abiresearch.com/market-research/insight/7788040-qualcomm-announces-modular-acquisition-for?hsLang=en" } ], "key_data": [ { "k": "收购 BentoML", "v": "2026-02 收购；BentoML 被 1 万+ 组织使用，含 50+ 财富 500 强", "date": "2026-02", "src": "https://www.linkedin.com/posts/alpha-intelligence-capital_were-thrilled-to-celebrate-a-major-milestone-activity-7427090300084326401-HOBd" }, { "k": "Qualcomm 收购公告", "v": "向 Modular 股东发行 1920 万股，约 $39 亿", "date": "2026-06", "src": "https://www.bloomberg.com/news/articles/2026-06-24/qualcomm-confirms-buying-modular-to-help-ai-market-push" }, { "k": "交割", "v": "Qualcomm 宣布完成收购", "date": "2026-07", "src": "https://www.thefastmode.com/solution-vendors-m-a/49904-qualcomm-completes-modular-acquisition-to-expand-ai-platform-from-edge-to-cloud" } ], "owner": "2026-07-29 被 Qualcomm 完成收购（2026-06-24 宣布，全股票，报道约 $39 亿）；Mojo、MAX、Modular Cloud 保留品牌，CEO Chris Lattner 任 Qualcomm EVP", "product_line_of": "Qualcomm", "note": "$39 亿按 Qualcomm 6 月 23 日收盘价折算；Mojo、MAX、Modular Cloud 品牌保留，BentoML 现随 Modular 归 Qualcomm。C 轮估值各家口径不一，此处为 ABI 口径。 补丁：被收购。交易金额为媒体报道，Qualcomm 公告未披露价；最后一轮 2025-09 $2.5 亿 / $16 亿。完成公告：https://www.modular.com/blog/qualcomm-completes-acquisition-of-modular" }, { "name": "Neural Magic", "layer": "c2", "url": "https://neuralmagic.com", "hq": "萨默维尔（马萨诸塞州）", "founded": 2018, "desc": "vLLM 主要贡献者，卖模型量化 / 稀疏化与推理优化", "total_raised": "累计融资约 $50M", "funding": [ { "date": "2021-10", "round": "A 轮", "amount": "$30M", "lead": "NEA（跟投：Andreessen Horowitz、Amdocs、Comcast Ventures 等）", "src": "https://www.usine-digitale.fr/article/l-acquisition-de-la-start-up-neural-magic-par-red-hat-marqueur-de-l-effervescence-autour-de-l-ia.N2222333" } ], "owner": "2025-01 被 Red Hat 收购（2024-11 宣布，2025-01-13 完成，金额未披露）", "product_line_of": "Red Hat", "region": "美", "note": "并入 Red Hat AI（OpenShift AI 默认运行时 vLLM）。不直接卖云服务，sell / unit 留空。完成公告：https://www.nasdaq.com/press-release/red-hat-completes-acquisition-neural-magic-fuel-optimized-generative-ai-innovation" }, { "name": "RadixArk", "layer": "c2", "url": "https://radixark.com", "hq": "Palo Alto", "founded": 2025, "desc": "SGLang 推理引擎的商业公司，给模型团队提供托管推理、微调和强化学习平台", "valuation": { "v": "$400M", "date": "2026-05", "kind": "投后", "src": "https://pulse2.com/radixark-launches-with-100-million-in-seed-funding-to-democratize-frontier-ai-infrastructure/" }, "total_raised": "累计融资 $100M", "funding": [ { "date": "2026-05", "round": "种子轮", "amount": "$100M", "lead": "Accel（Spark Capital 联合领投）", "post": "$400M 投后", "src": "https://pulse2.com/radixark-launches-with-100-million-in-seed-funding-to-democratize-frontier-ai-infrastructure/" } ], "key_data": [ { "k": "SGLang GitHub star", "v": "37,442", "date": "2026-10", "src": "https://github.com/sgl-project/sglang" }, { "k": "SGLang 部署 GPU 数", "v": "超 40 万张", "date": "2026-05", "src": "https://www.sina.cn/news/detail/5296676899130476.html" } ], "customers": [ "Google", "Microsoft", "NVIDIA", "Oracle", "AMD", "xAI" ], "region": "美", "note": "客户名单是 SGLang 开源引擎的使用方，不一定是 RadixArk 付费客户；TechCrunch 2026-01 先报 $400M 估值，5 月正式官宣 $100M 种子轮；总部各资料有 Palo Alto / Redwood City 两种写法 补丁：Pulse 2.0 报道 RadixArk 2026-05-05 以 $1 亿种子轮亮相（二手整理页：https://wetheflywheel.com/en/guides/self-hosted-llm-platforms-2026/ ，未见一手公告）；此前 2026-01 TechCrunch 称 Accel 领投、估值 $4 亿。" }, { "name": "Tensormesh", "layer": "c2", "url": "https://www.tensormesh.ai", "hq": "San Francisco", "founded": 2025, "desc": "基于开源 LMCache 的 KV 缓存加速推理平台，帮企业降低推理延迟和 GPU 成本", "total_raised": "累计融资 $24.5M", "funding": [ { "date": "2025-10", "round": "种子轮", "amount": "$4.5M", "lead": "Laude Ventures", "src": "https://investor.wedbush.com/wedbush/article/bizwire-2025-10-23-tensormesh-emerges-from-stealth-to-slash-ai-inference-costs-and-latency-by-up-to-10x" }, { "date": "2026-05", "round": "种子轮扩展", "amount": "$20M", "lead": "Valley Capital Partners（AMD Ventures、CoreWeave、NVentures 跟投）", "src": "https://pulse2.com/tensormesh-20-million-raised-to-scale-kv-caching-infrastructure-for-enterprise-ai-inference/" }, { "date": "2026-05", "round": "种子轮追加", "amount": "$20M", "lead": "AMD Ventures、CoreWeave、NVentures（跟投：Valley Capital Partners、Laude Ventures）", "src": "https://theaiinsider.tech/2026/05/29/tensormesh-secures-20m-from-investors-including-amd-ventures-coreweave-nventures-launches-tensormesh-inference-to-fix-ais-most-expensive-problem/" } ], "key_data": [ { "k": "LMCache GitHub star", "v": "12,116", "date": "2026-10", "src": "https://github.com/LMCache/LMCache" } ], "sells": [ "推理 API" ], "billing": [ "token" ], "region": "美", "note": "$20M 一轮公司口径是种子轮扩展，Preqin 记为种子轮；领投方据 AMD Ventures 公开帖为 Valley Capital Partners。CEO 中文名未找到可靠出处，只写英文名 补丁：新增 2026-05 追加 $20M，累计 $24.5M；同时推出 SaaS 推理平台 Tensormesh Inference。" }, { "name": "Azure Container Apps Sandboxes", "layer": "d1", "url": "https://azure.microsoft.com/products/container-apps", "hq": "Redmond", "desc": "微软 Azure 的产品线：Hyper-V / microVM 隔离的会话池，给 agent 跑不受信任代码", "total_raised": null, "funding": [], "key_data": [ { "k": "Dynamic Sessions GA", "v": "2024-11-19（Python 代码解释器 + 自定义容器，Hyper-V 隔离）", "date": "2024-11", "src": "https://techcommunity.microsoft.com/blog/appsonazureblog/-/4303561" }, { "k": "Sandboxes 公测", "v": "Build 2026 发布；不到 1 秒从 OCI 镜像启动、空闲不计费（公司自报）", "date": "2026-06", "src": "https://www.infoq.cn/article/2yiUMe6JxKGXK61luSIJ" } ], "owner": "Microsoft 产品线", "product_line_of": "Microsoft", "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "两代产品合成一条：Dynamic Sessions（2024 GA，会话池）和新资源类型 Sandboxes（Microsoft.App/SandboxGroups，2026 公测）。Azure Logic Apps 的代码解释器也跑在 Dynamic Sessions 上。" }, { "name": "Blaxel", "layer": "d1", "url": "https://blaxel.ai", "hq": "旧金山（法国团队）", "founded": 2024, "desc": "25 毫秒唤醒、休眠不收算力费的 microVM 沙箱", "total_raised": "累计融资 $7.3M", "funding": [ { "date": "2025-07", "round": "种子轮", "amount": "$7.3M", "lead": "First Round", "src": "https://x.com/blaxelAI/status/1945868962002317458" }, { "date": "2026-09", "round": "被 Baseten 收购", "amount": "约 $300M（报道）", "lead": "Baseten", "post": "", "src": "https://www.teahose.com/companies/2105" } ], "key_data": [ { "k": "单客户 3 个月沙箱数（Sapiom）", "v": "250 万", "date": "2026-09", "src": "https://x.com/blaxelAI/status/2103561321903956412" }, { "k": "休眠后唤醒", "v": "约 25 毫秒", "date": "2026-09", "src": "https://www.baseten.co/blog/blaxel-is-joining-baseten-to-build-the-future-of-agentic-cloud/" }, { "k": "npm 月下载（@blaxel/core）", "v": "103 万", "date": "2026-09", "src": "https://api.npmjs.org/downloads/range/2026-09-01:2026-09-30/@blaxel/core" } ], "customers": [ "Sapiom", "Corvera" ], "owner": "被 Baseten 收购，2026-09-10，金额未披露", "sells": [ "沙箱", "Serverless" ], "billing": [ "秒" ], "region": "美", "note": "YC X25。收购后产品继续运营，次日进入 OpenAI Agents API 沙箱名单。收购价未公开，Baseten 自己的估值不能当收购价。 官方未披露收购价；Newcomer 报约 $3 亿，Les Echos 称明显超过 $1 亿。 补丁：沙箱可永久待机、25ms 内恢复，区域含美国（俄勒冈、弗吉尼亚）、伦敦、法兰克福（https://blaxel.ai/blog/sandboxes-for-coding-agents-comparison ）；2026-10 之后未查到新融资。" }, { "name": "Cloudflare Sandboxes", "layer": "d1", "url": "https://developers.cloudflare.com/sandbox/", "hq": "旧金山", "founded": 2025, "desc": "Cloudflare 产品线：容器沙箱 SDK，按活跃 CPU 计费", "total_raised": null, "funding": [], "key_data": [ { "k": "正式发布（GA）", "v": "2026-04-13", "date": "2026-04", "src": "https://developers.cloudflare.com/changelog/2026-04-13-containers-sandbox-ga" }, { "k": "OpenAI Codex harness 可在其中运行", "v": "官方合作", "date": "2026-04", "src": "https://openai.com/index/cloudflare-openai-agent-cloud" }, { "k": "GitHub 星（sandbox-sdk）", "v": "1,148", "date": "2026-10", "src": "https://github.com/cloudflare/sandbox-sdk" } ], "owner": "Cloudflare（纽交所上市：NET）产品线", "product_line_of": "Cloudflare", "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "没公布用量。价格约 $0.00002 / vCPU·秒（InfoQ 报道，按活跃 CPU）。进了 OpenAI Agents SDK 和 Claude Managed Agents 的名单；「OpenAI 独家选了 Cloudflare」不成立。" }, { "name": "Coder", "layer": "d1", "url": "https://coder.com", "hq": "Austin", "founded": 2017, "desc": "企业自托管云开发工作区，让开发者和编码 agent 在同一套受管环境里跑", "total_raised": "累计融资约 $173M", "funding": [ { "date": "2026-04", "round": "C 轮", "amount": "$90M", "lead": "KKR", "src": "https://coder.com/blog/90m-series-c-led-by-kkr-to-advance-secure-enterprise-ai-development" }, { "date": "2024", "round": "B 轮扩充", "amount": "$35M（B 轮合计 $65M）", "lead": "Georgian", "src": "https://finland.dealroom.co/news/feed/coder-technologies-raises-35m-for-expansion" } ], "key_data": [ { "k": "KKR 内部使用人数", "v": "500+ 工程师", "date": "2026-04", "src": "https://coder.com/blog/coders-customers-led-our-series-c-what-that-tells-me-about-ai" }, { "k": "QRT 部署范围", "v": "2,000+ 员工中的一半", "date": "2026-04", "src": "https://in.marketscreener.com/news/coder-secures-90m-series-c-led-by-kkr-to-advance-secure-enterprise-ai-development-ce7e51dfdc8df622" }, { "k": "过去一年订单量", "v": "增长 3 倍（公司自报）", "date": "2026-04", "src": "https://soft.zhiding.cn/software_zone/2026/0402/3183091.shtml" }, { "k": "预订额同比", "v": "+300%", "date": "2026-04", "src": "https://coder.com/blog/coders-customers-led-our-series-c-what-that-tells-me-about-ai" }, { "k": "净收入留存（过去 12 个月）", "v": "184%", "date": "2026-04", "src": "https://coder.com/blog/coders-customers-led-our-series-c-what-that-tells-me-about-ai" } ], "customers": [ "KKR", "Qube Research & Technologies (QRT)", "Dropbox" ], "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "累计 $173M 是两笔相加：C 轮前累计 $82.8M（Dealroom 转引，单一来源）+ C 轮 $90M，未见公司自报总数。产品重心从人用开发环境转向「人 + agent」工作区（Coder Agents / Mux），和 Ona（Gitpod）同类。 C 轮 $90M（KKR 领投）未披露估值。" }, { "name": "Daytona", "layer": "d1", "url": "https://www.daytona.io", "hq": "纽约（克罗地亚团队）", "founded": 2023, "desc": "跑在自有裸金属上的 agent 沙箱，支持 GPU、Windows、快照与分叉", "valuation": { "v": "~$123M", "date": "2026-02", "kind": "聚合站估算（Forge 按 A-1 轮股价推算的投后）", "src": "https://forgeglobal.com/search-companies/?page=15&sort=marketActivity&sortDirection=asc" }, "revenue": { "v": "$3M", "date": "2025-09", "kind": "年化 / 公司自报（之后只报增速不报金额）", "src": "https://x.com/daytonaio/status/1970844077416690043" }, "total_raised": "已披露约 $86M（含 2023 年 pre-seed $2M，按公司公告与 SEC Form D 合计）", "funding": [ { "date": "2024-06", "round": "种子轮", "amount": "$5M", "lead": "Upfront Ventures", "src": "https://www.daytona.io/dotfiles/daytona-secures-5m-to-simplify-development-environments" }, { "date": "2025", "round": "SAFE（老股东）", "amount": "$7M", "lead": "老股东", "src": "https://x.com/ivanburazin/status/2049624772930068919" }, { "date": "2026-02", "round": "A 轮", "amount": "$24M", "lead": "FirstMark", "src": "https://x.com/daytonaio/status/2019502060786602409" }, { "date": "2026-08", "round": "未命名（SEC Form D）", "amount": "$48.3M（发行上限 $60M）", "lead": "未披露", "src": "https://www.isvworld.com/search/news/2330033" } ], "key_data": [ { "k": "单日沙箱数", "v": "100 万+", "date": "2025-10", "src": "https://x.com/ivanburazin/status/1980285721278595181" }, { "k": "收入月均增速（近 18 个月）", "v": "+50.9%", "date": "2026-10", "src": "https://x.com/ivanburazin/status/2105707829159985505" }, { "k": "年初至今收入", "v": "×10", "date": "2026-09", "src": "https://x.com/ivanburazin/status/2100276282919444812" }, { "k": "npm 月下载（@daytonaio/sdk）", "v": "253 万", "date": "2026-09", "src": "https://api.npmjs.org/downloads/range/2026-09-01:2026-09-30/@daytonaio/sdk" }, { "k": "开机速度", "v": "75 秒开 5 万个沙箱", "date": "2026-04", "src": "https://x.com/ivanburazin/status/2049866364785951058" }, { "k": "B 轮（Form D 已售部分）", "v": "$48.3M / 计划 $60M", "date": "2026-08", "src": "https://dealroom.co/news/145417-daytona-lands-48-3m-series-b-for-ai-agent-sandbox-platform/" } ], "customers": [ "LangChain", "Turing", "Writer", "SambaNova", "Prosus", "Parabola", "Stanford CS", "Laude Institute" ], "sells": [ "沙箱" ], "billing": [ "秒" ], "region": "美", "note": "2025-04 底从人类开发环境产品急转为 agent 沙箱；2026-06 起核心代码闭源。估值从未公布。2026-08 那笔 Form D 没写轮次名，一家聚合站称 Venrock 领投，未经公司确认。「Meta 超级智能实验室在用」只是 Daytona CEO 的说法。 2026-08 的 B 轮估值未披露，现有估值只是 A 轮口径。 补丁：2026-10 之后未查到新融资；2026-02 A 轮 $24M（若原卡已有则忽略）。" }, { "name": "Dedalus Labs", "layer": "d1", "url": "https://www.dedaluslabs.ai", "hq": "San Francisco", "founded": 2025, "desc": "YC 公司，卖给 agent 用的持久 Linux 虚拟机（Dedalus Machines），约 50 毫秒开机", "total_raised": "累计融资 $11M", "funding": [ { "date": "2025-10", "round": "种子轮", "amount": "$11M", "lead": "Kindred Ventures、Saga Ventures", "src": "https://accessfund.vc/news/dedalus-labs-seed-announcement" } ], "key_data": [ { "k": "开机时间", "v": "<50 毫秒（公司自报）", "date": "2026-10", "src": "https://www.dedaluslabs.ai" } ], "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "种子轮时卖的是 agent SDK + MCP 服务器托管，现在官网主推 Dedalus Machines（agent 用 VM），属于转型；官网仍是等候名单。Caplight 记累计 $11.5M。 Cathy Di 的中文名没找到公开出处，who 只写英文名。" }, { "name": "Docker Sandboxes", "layer": "d1", "url": "https://www.docker.com/products/docker-sandboxes/", "hq": "Palo Alto", "desc": "Docker 公司的产品线：用 microVM 跑 Claude Code、Codex 等编码 agent，本地和云端同一套 CLI", "total_raised": null, "funding": [], "key_data": [ { "k": "云沙箱价格", "v": "1 vCPU/2 GB $0.07/小时 → 16 vCPU/32 GB $1.12/小时，按秒计", "date": "2026-09", "src": "https://www.theregister.com/ai-and-ml/2026/09/24/dockers-new-sandboxes-aim-to-contain-ai-agents-for-real/5298964" }, { "k": "云沙箱上线", "v": "2026-09-24 发布 Docker Cloud Sandboxes，单次最长 24 小时", "date": "2026-09", "src": "https://www.globenewswire.com/de/news-release/2026/09/24/3368595/0/en/docker-launches-cloud-sandboxes-extending-secure-ai-agent-isolation-beyond-the-laptop.html" } ], "owner": "Docker, Inc. 产品线", "product_line_of": "Docker", "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "估值是母公司 2022 年的数，不是这条产品线的。本地版（sbx CLI）免费，云端按秒收费。Docker 同时在把 Sandbox Kit 规范提交给 CNCF。 卡片上不显示估值：$2.1B（母公司 Docker 投后（C 轮））是 Docker 整家公司的数字。" }, { "name": "E2B", "layer": "d1", "url": "https://e2b.dev", "hq": "旧金山（布拉格起家）", "founded": 2023, "desc": "开源 agent 沙箱云，一行 SDK 给 agent 开一台 microVM", "revenue": { "v": "$1.5M", "date": "2025-06", "kind": "聚合站估算（Caplight / Latka）", "src": "https://www.caplight.com/company/e2b" }, "total_raised": "累计融资约 $32M（公司口径：种子 + A 轮）；另有创始人说的 pre-seed 约 $2.6M", "funding": [ { "date": "2023", "round": "Pre-seed", "amount": "~$2.6M", "lead": "未披露", "src": "https://x.com/mlejva/status/2031375100742647919" }, { "date": "2024-10", "round": "种子轮", "amount": "$11.5M", "lead": "Decibel", "src": "https://x.com/mlejva/status/1846568274009698402" }, { "date": "2025-07", "round": "A 轮", "amount": "$21M", "lead": "Insight Partners", "src": "https://e2b.dev/blog/series-a" } ], "key_data": [ { "k": "累计沙箱数", "v": "20 亿（第二个 10 亿只用约 4 个月）", "date": "2026-10", "src": "https://x.com/e2b/status/2110458353059323929" }, { "k": "单日沙箱数", "v": "112 万", "date": "2025-03", "src": "https://x.com/mlejva/status/1905634430435098649" }, { "k": "agent 流量占比", "v": "61%", "date": "2026-10", "src": "https://x.com/mlejva/status/2110376076798992763" }, { "k": "npm 周下载", "v": "200 万+", "date": "2026-09", "src": "https://x.com/mlejva/status/2104296927001227572" }, { "k": "首次单月盈利", "v": "2025-12", "date": "2026-03", "src": "https://x.com/mlejva/status/2031375100742647919" }, { "k": "冷启动 p50", "v": "78 毫秒", "date": "2026-01", "src": "https://x.com/mlejva/status/2013979658249793701" } ], "customers": [ "Perplexity", "Hugging Face", "Groq", "Manus", "LMArena", "Lindy", "Genspark", "Factory", "ClickUp", "Cursor（自托管）" ], "sells": [ "沙箱" ], "billing": [ "秒" ], "datacenter": "跑在别家云上", "region": "美", "note": "收入、估值从未公布，也没有 B 轮。官网「财富 100 强」口径是 signed up（注册），不是付费。2026-04 以后 E2B 和 Manus 都没公开说过是否还在合作。2026-08 起从纯 Firecracker 换成自研 runtime，并推出可私有部署的 E2B Embed。 估值未公开；网上「$104M 估值」只见于个人博客，未采用。 补丁：2026-10 之后未查到新融资；最近一轮仍为 2025-07 A 轮 $21M（Insight Partners 领投）。dc 为判断（Firecracker microVM，可 BYOC）。https://startupintros.com/orgs/e2b" }, { "name": "Edera", "layer": "d1", "url": "https://edera.dev", "hq": "Seattle", "founded": 2024, "desc": "给每个容器 / agent 独立内核的隔离运行时，装在企业自己的 K8s 里", "total_raised": "累计融资约 $27M", "funding": [ { "date": "2025-02", "round": "A 轮", "amount": "$15M", "lead": "M12（微软旗下基金）", "src": "https://www.thesaasnews.com/news/edera-raises-15-million-in-series-a/" } ], "key_data": [ { "k": "2026 年新 Form D", "v": "$6.45M（2026-06 首笔出售）", "date": "2026-07", "src": "https://mentionfox.com/company/edera-inc-de" } ], "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "公开宣布的是种子 $5M + A 轮 $15M = $20M；约 $27M 是 SEC Form D 四次申报合计（含 2026 年 $6.45M，未见公司公告）。主业是通用容器隔离，2026 年把 agent 沙箱作为重点场景（AI Agent Sandboxing 页、Project Lunchbox：快照、分叉、按能力授权）。" }, { "name": "exe.dev", "layer": "d1", "url": "https://exe.dev", "founded": 2025, "desc": "Tailscale 联创 David Crawshaw 新公司，给开发者和编码 agent 的持久 Linux 虚拟机云", "total_raised": "累计融资 $35M", "funding": [ { "date": "2026-04", "round": "A 轮", "amount": "$35M（含此前全部融资合计）", "lead": "Amplify、CRV、Heavybit（官方称主要投资方，未写领投）", "src": "https://blog.exe.dev/series-a" } ], "key_data": [ { "k": "可选区域", "v": "8 个（洛杉矶、纽约、达拉斯、法兰克福、东京、悉尼、新加坡、伦敦）", "date": "2026-09", "src": "https://flaviocopes.com/exe-dev/" } ], "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "官方博客原话「for a total of $35m in funding」，$35M 是累计数，不是单轮金额；英文主流媒体本轮没搜到交叉报道。总部未公开。" }, { "name": "Fly.io", "layer": "d1", "url": "https://fly.io", "hq": "旧金山", "founded": 2017, "desc": "Sprites 持久可克隆的 agent 沙箱，加全球 Machines 容器托管", "total_raised": "累计融资约 $157-159M（聚合站口径）", "funding": [ { "date": "2026-07", "round": "D 轮", "amount": "$25M", "lead": "Dell Technologies Capital、Intel Capital（跟投：Andreessen Horowitz、EQT、Geodesic、Y Combinator）", "src": "https://www.delltechnologiescapital.com/resources/doubling-down-on-fly-io" } ], "key_data": [ { "k": "生产环境组织数", "v": "超 37,000 家", "date": "2026-07", "src": "https://www.delltechnologiescapital.com/resources/doubling-down-on-fly-io" } ], "also_layers": [ "a3" ], "sells": [ "沙箱", "Serverless" ], "billing": [ "秒" ], "datacenter": "租机房", "region": "全球", "note": "2026-07 创始人 Kurt Mackey 卸任 CEO，前 Docker CEO Scott Johnston 接任；战略收拢到「computers for agents」（Sprites）。D 轮估值未披露（C 轮 2023-06 聚合站记 $467M：https://multiples.vc/private-comps/fly-io ）。成立年份有 2016/2017 两种说法。dc 为判断，未逐页核对。" }, { "name": "Freestyle", "layer": "d1", "url": "https://www.freestyle.sh", "hq": "旧金山", "founded": 2024, "desc": "给 AI 编程 agent 的完整 Linux VM 沙箱，毫秒级启动与实时分叉", "customers": [ "vly.ai", "Rork", "Vibeflow" ], "sells": [ "沙箱" ], "billing": [ "秒" ], "region": "美", "note": "YC S24，联合创始人 Ben Swerdlow、Jacob Zwang（曾在 Apple）。融资金额、估值、收入均未查到公开数字。2026-04 发布 VM 沙箱，称启动约 500ms、克隆运行中 VM 少于 400ms（Launch HN 转述，非一手：https://founderland.ai/articles/freestyle-launches-sub-second-vm-sandboxes-for-ai-coding-age-mnod88ib ）。YC 页：https://www.ycombinator.com/companies/freestyle" }, { "name": "Google Cloud Run sandboxes / Agent Sandbox", "layer": "d1", "url": "https://cloud.google.com/run", "hq": "Mountain View", "desc": "Google 的产品线：Cloud Run 内置沙箱跑 agent 生成的代码，另牵头开源 K8s Agent Sandbox", "total_raised": null, "funding": [], "key_data": [ { "k": "Cloud Run sandboxes 公测", "v": "2026-07-09；不另收费，用实例已分配的 CPU / 内存", "date": "2026-07", "src": "https://cloud.google.com/blog/topics/developers-practitioners/google-cloud-run-sandboxes-are-in-public-preview" }, { "k": "官方示例", "v": "一个服务起停 1,000 个沙箱，平均 500 毫秒", "date": "2026-07", "src": "https://cloud.google.com/blog/topics/developers-practitioners/google-cloud-run-sandboxes-are-in-public-preview" }, { "k": "kubernetes-sigs/agent-sandbox GitHub 星", "v": "4,231", "date": "2026-10", "src": "https://github.com/kubernetes-sigs/agent-sandbox" } ], "owner": "Google（Alphabet）产品线", "product_line_of": "Google", "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "合并了两样东西：Cloud Run sandboxes（托管，公测）和 Google 在 KubeCon NA 2025-11 牵头的开源 K8s Agent Sandbox（gVisor / Kata，GKE 版有预热池）。Vertex AI Agent Engine Code Execution 2026-02 GA 也是同类。" }, { "name": "Islo", "layer": "d1", "url": "https://islo.dev", "desc": "Incredibuild 的产品线：给编码 agent 的持久隔离环境，凭证在出口代理注入", "total_raised": null, "funding": [], "key_data": [ { "k": "发布", "v": "2026-05-04", "date": "2026-05", "src": "https://www.incredibuild.com/blog/why-we-built-islo-ai-coding-agents-need-an-execution-layer" }, { "k": "价格", "v": "$0.07/CPU·小时 + $0.04/GB·小时", "date": "2026-10", "src": "https://islo.dev" } ], "owner": "Incredibuild（以色列，Insight Partners 控股）产品线", "product_line_of": "Incredibuild", "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "估值是母公司 2022 年的数且口径冲突：TechCrunch 估近 $800M，Globes 说 $400M。Islo 本身没有单独融资和用量数据。 卡片上不显示估值：~$800M（母公司 Incredibuild，媒体估算）是 Incredibuild 整家公司的数字。" }, { "name": "Morph Labs", "layer": "d1", "url": "https://cloud.morph.so", "founded": 2023, "desc": "VM 瞬间快照、分叉成上千份，给 RL 和多路尝试的 agent", "total_raised": "已披露约 $5.75M（种子轮，Khosla Ventures 领投）", "funding": [], "key_data": [ { "k": "快照 / 分叉 / 恢复整台环境", "v": "250 毫秒内", "date": "2026-10", "src": "https://cloud.morph.so/developers" }, { "k": "Infinibranch 发布", "v": "2024-11", "date": "2024-11", "src": "https://x.com/jessemhan/status/1858988197403033654" }, { "k": "种子轮", "v": "$5.75M，Khosla 领投", "date": "", "src": "https://www.linkedin.com/company/morph-labs" } ], "sells": [ "沙箱" ], "billing": [ "秒" ], "region": "美", "note": "没有可靠的融资、用量、客户数字。CEO Jesse Michael Han。名字和以太坊 L2 Morph（$19M+）、morphllm.com（YC 的 fast apply 模型）撞车，它们的融资不能算到 Morph Labs 头上。成立约 2023 年，只有资料站来源。 种子轮日期公告里没写；不要和做 Fast Apply 模型的 Morph（morphllm）混淆。 补丁：Morph Cloud（Infinibranch）沙箱，官方文档称快照 / 分支 / 恢复小于 250ms（https://cloud.morph.so/docs/developers ）；2026-10 之后未查到新融资。区域未公开。" }, { "name": "Namespace", "layer": "d1", "url": "https://namespace.so", "hq": "旧金山 / 苏黎世", "founded": 2022, "founded_month": "2022-01", "desc": "给 coding agent 用的开发者算力云：沙箱、CI 构建、Mac 机器", "total_raised": "累计融资 $65M（公司口径）", "funding": [ { "date": "2026-03", "round": "A 轮", "amount": "$23M", "lead": "NEA", "src": "https://namespace.so/blog/series-b" }, { "date": "2026-10", "round": "B 轮", "amount": "$42M", "lead": "Scale Venture Partners", "src": "https://namespace.so/blog/series-b" } ], "key_data": [ { "k": "收入同比增长", "v": "过去 12 个月 8 倍", "date": "2026-10", "src": "https://namespace.so/blog/series-b" }, { "k": "客户公司数", "v": "1,000+", "date": "2026-10", "src": "https://namespace.so/blog/series-b" } ], "customers": [ "SpaceXAI", "Ramp" ], "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "B 轮估值、收入绝对值未披露；A 轮金额 $23M 由总额 $65M 减 $42M 推出，并与 Tracxn 的 $23M 一致；创始人 Hugo Santos 为前 Google 工程师；Tracxn 写成立于 2020，SiliconANGLE 为 2022，此处取 2022。客户 SpaceXAI、Ramp 来自 Scale Venture Partners 的投资公告。" }, { "name": "Ona", "layer": "d1", "url": "https://ona.com", "hq": "德国基尔", "founded": 2020, "desc": "原 Gitpod，改做可跑在企业自有云里的 agent 长时环境", "total_raised": "累计融资约 $41M（聚合站口径，2020–2022 三轮）", "funding": [ { "date": "2022-11", "round": "A 轮", "amount": "$25M", "lead": "Tom Preston-Werner（GitHub 创始人）", "src": "https://www.businesswire.com/news/home/20221103005613/en/" }, { "date": "2026-06", "round": "被 OpenAI 收购（2026-08-10 交割）", "amount": "未披露", "lead": "OpenAI", "post": "", "src": "https://thenextweb.com/news/openai-acquires-ona-codex" } ], "key_data": [ { "k": "服务过的开发者", "v": "200 万", "date": "2026-06", "src": "https://aimmediahouse.com/enterprise-ai/openai-to-acquire-ona-for-persistent-enterprise-ai-agents" }, { "k": "团队规模", "v": "79 人", "date": "2026-06", "src": "https://www.cio.com/article/4184655/openai-buys-ona-to-help-rein-in-ai-agents-2.html" } ], "owner": "被 OpenAI 收购（2026-06-11 宣布，金额未披露，需监管审批）", "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "2025-09 由 Gitpod 改名 Ona。并入 Codex，做长时运行和客户自有云执行。有德国媒体估 4.5–5 亿欧元，仅单一来源，未列。 团队并入 OpenAI Codex。" }, { "name": "OpenAI Hosted Sandbox", "layer": "d1", "url": "https://developers.openai.com/api/docs/guides/agents", "hq": "San Francisco", "desc": "OpenAI 的产品线：Agents API 自带托管沙箱，和 Codex、ChatGPT 用同一套沙箱基础设施", "total_raised": null, "funding": [], "key_data": [ { "k": "上线", "v": "2026-09-10 随 Agents API 公测发布", "date": "2026-09", "src": "https://m.ithome.com/html/1001072.htm" } ], "owner": "OpenAI 产品线", "product_line_of": "OpenAI", "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "按容器时长计费，没有平台附加费。Agents API 同时允许接自托管沙箱和第三方沙箱（E2B、Daytona、Modal 等 9 家），OpenAI 没有独占这个位置。数据驻留目前仅限美国。" }, { "name": "Runloop", "layer": "d1", "url": "https://runloop.ai", "hq": "旧金山", "founded": 2023, "desc": "给编程 agent 的云端 devbox，附基准测试和 RL 环境", "total_raised": "累计融资 $7M", "funding": [ { "date": "2025-07", "round": "种子轮", "amount": "$7M", "lead": "The General Partnership", "src": "https://x.com/RunloopDev/status/1950592229686358232" } ], "key_data": [ { "k": "单客户突发并发 devbox（Trajectory）", "v": "1 万+", "date": "2026-06", "src": "https://www.globenewswire.com/news-release/2026/06/10/3309979/0/en/Trajectory-Uses-Runloop-to-Scale-Continual-Learning-Workloads.html" }, { "k": "停止服务日期", "v": "2026-11-13", "date": "2026-10", "src": "https://docs.runloop.ai/docs/transitions/runloop-to-freestyle" } ], "customers": [ "Cohere", "Trajectory", "Detail.dev" ], "sells": [ "沙箱" ], "billing": [ "秒" ], "region": "美", "note": "重要：官方文档顶部写着 Runloop 正在关停服务，老客户支持到 2026-11-13，并给出迁到 Freestyle 的迁移指南（附 Freestyle 赠送额度）；没说是被收购还是合作。CEO Jonathan Wall 是 Google Wallet 联合创始人。曾进 OpenAI Agents SDK 七家沙箱名单。融资只有 $7M 种子，按收录标准偏低，因你点名而收。 补丁：2026-10 之后未查到新融资；资料有限。" }, { "name": "Runta", "layer": "d1", "url": "https://runta.com", "hq": "旧金山（另有新加坡办公室）", "desc": "agent 执行层：隔离运行，管住 agent 能碰的文件、网络和花销", "valuation": { "v": "$100M+", "date": "2026-07", "kind": "报道（The Information，经 TNW 转述）", "src": "https://thenextweb.com/news/runta-a16z-seed-ai-agent-infrastructure" }, "total_raised": "累计融资 $20M", "funding": [ { "date": "2026-07", "round": "种子轮", "amount": "$20M", "lead": "a16z（Martin Casado）", "post": "$100M+ 投后（报道）", "src": "https://thenextweb.com/news/runta-a16z-seed-ai-agent-infrastructure" } ], "key_data": [ { "k": "a16z 投资公告", "v": "领投种子轮，Casado 进董事会", "date": "2026-07", "src": "https://a16z.com/announcement/investing-in-runta/" } ], "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "已确认是做 agent 执行层 / 沙箱的那家（a16z 公告），不是同名公司。创始人兼 CEO 戴冠兰（Guanlan Dai），前 Cloudflare 边缘团队、Kong 首位工程经理；天使含 Jeff Dean、李飞飞、Ali Ghodsi。仍是 early access，没有用量或客户数。a16z 公告本身没写金额。" }, { "name": "Tensorlake", "layer": "d1", "url": "https://www.tensorlake.ai", "hq": "San Francisco", "founded": 2023, "desc": "Firecracker 沙箱 + 版本化文件系统 + 托管 Git，给 agent 跑代码和做 RL 评测", "total_raised": "累计融资 $8.6M", "funding": [], "key_data": [ { "k": "冷启动", "v": "84 毫秒（公司自测）", "date": "2026-10", "src": "https://www.tensorlake.ai" }, { "k": "累计融资（媒体报道）", "v": "$8.6M", "date": "2026-03", "src": "https://ai.zhiding.cn/2026/0313/3181059.shtml" } ], "customers": [ "Datadog", "Sixt", "Bespoke Labs", "Fleet AI" ], "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "累计融资来自中文媒体转述，未见公司公告单轮金额；投资方含 Redpoint、Amplify。2026-03 时还是「agent 工作流 + 文档解析」平台，现在官网首页改成「Sandboxes for AI Agents」。官网列出的集成包括 Claude Managed Agents、Cursor Cloud Agents、Devin Outposts。" }, { "name": "Together Code Sandbox", "layer": "d1", "url": "https://www.together.ai/code-sandbox", "hq": "旧金山（CodeSandbox 原在阿姆斯特丹）", "founded": 2017, "desc": "Together AI 产品线：CodeSandbox 改成的 agent 沙箱", "total_raised": null, "funding": [], "key_data": [ { "k": "加入 Together AI", "v": "2024-12-12", "date": "2024-12", "src": "https://x.com/codesandbox/status/1867233569732731030" }, { "k": "npm 月下载（@codesandbox/sdk）", "v": "31 万", "date": "2026-09", "src": "https://api.npmjs.org/downloads/range/2026-09-01:2026-09-30/@codesandbox/sdk" } ], "customers": [ "Blackbox AI" ], "owner": "CodeSandbox 被 Together AI 收购，2024-12，金额未披露", "product_line_of": "Together AI", "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "CodeSandbox 收购前融过约 $15M（种子 $2.4M + A 轮 $12.7M，EQT Ventures 领投，B 级来源）。估值是 Together AI 全公司的。没公布 agent 用量；老 SDK 已标 deprecated，新接口叫 together-sandbox。 卡片上不显示金额：这是母公司整体的数字，不是这条产品线自己的。Together AI 投后 $8.3B。" }, { "name": "Unikraft", "layer": "d1", "url": "https://unikraft.com", "hq": "San Francisco", "founded": 2021, "founded_month": "2021-06", "desc": "基于 unikernel 的毫秒级云平台，主打 10 毫秒起停的沙箱和 agent 负载", "valuation": { "v": "$17M–$23M", "date": "2025-10", "kind": "聚合站估算（CB Insights）", "src": "https://www.cbinsights.com/company/unikraft/financials" }, "total_raised": "累计融资 $6M", "funding": [ { "date": "2025-10", "round": "种子轮", "amount": "$6M", "lead": "Heavybit", "src": "http://investor.wedbush.com/wedbush/article/bizwire-2025-10-10-unikraft-launches-with-6m-to-drive-dramatic-new-efficiencies-in-scale-and-cost-for-cloud-computing-in-the-ai-era" } ], "key_data": [ { "k": "冷启动 / 缩到零", "v": "<10 毫秒（公司自报）", "date": "2026-10", "src": "https://unikraft.com" }, { "k": "单台服务器实例数", "v": "10 万+ microVM（公司自报）", "date": "2026-10", "src": "https://unikraft.com" } ], "customers": [ "Netlify", "Prisma", "Indices", "Cuemby" ], "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "这轮是 Vercel Ventures 的第一笔投资。官网定位是「沙箱、AI agent 或任何负载」的计算层，沙箱排第一但不只做沙箱。技术源自 NEC 欧洲实验室和 Linux Foundation 开源项目，早期公司实体在德国海德堡。" }, { "name": "Vercel Sandbox", "layer": "d1", "url": "https://vercel.com/sandbox", "hq": "旧金山", "founded": 2025, "desc": "Vercel 产品线：microVM 沙箱，只按实际 CPU 时间计费", "total_raised": null, "funding": [], "key_data": [ { "k": "每天创建沙箱", "v": "350 万+", "date": "2026-07", "src": "https://x.com/rauchg/status/2077559189015335019" }, { "k": "日活月增速", "v": "100%", "date": "2026-07", "src": "https://x.com/rauchg/status/2077559189015335019" }, { "k": "正式发布（GA）", "v": "2026-01-31", "date": "2026-01", "src": "https://x.com/rauchg/status/2017423825152184772" }, { "k": "Active CPU 单价", "v": "$0.128 / 小时", "date": "2026-09", "src": "https://vercel.com/docs/sandbox/pricing" } ], "customers": [ "Notion", "Airtable", "Meta", "Zapier", "CodeRabbit", "BLACKBOX AI", "Conductor" ], "owner": "Vercel 产品线", "product_line_of": "Vercel", "sells": [ "沙箱" ], "billing": [ "秒" ], "note": "收入、估值都是 Vercel 全公司的数，不是沙箱单项。进了 OpenAI Agents SDK 和 Claude Managed Agents 的沙箱名单。2026-08 办了 $1M 沙箱逃逸悬赏，发现过 Linux 内核网络栈缺陷和一个 KVM 0day（Vercel CEO 公开确认）。 卡片上不显示金额：这是母公司整体的数字，不是这条产品线自己的。Vercel 全公司年化 $340M、估值 $9.3B。" } ] }