AI眼镜掀融资热潮，雷鸟创新完成8亿元融资，创下行业单笔最高纪录！

Core Insights - Thunderbird Innovation, a leading company in the domestic AI+AR glasses sector, has completed a C-round financing of approximately 800 million RMB, setting a record for the highest single financing in the domestic AI+AR glasses market by 2025 [1][10] - The financing was led by CITIC Jinshi, with participation from CITIC Securities International Capital and CITIC Securities Investment, aimed at accelerating core technology development, ecosystem construction, and global market expansion [1][5] Financing Background and Scale - Since its establishment in 2021, Thunderbird Innovation has focused on the research and productization of AI+AR integration technology, launching several consumer-grade AI glasses [3] - The company achieved the highest global AR glasses sales in Q2 2024, with multiple products consistently ranking among the bestsellers on e-commerce platforms [3] - The financing was initially planned to raise 300-400 million RMB but was oversubscribed to approximately 800 million RMB, nearly double the expected amount, indicating strong market recognition of its technological prospects [3] Investors and Capital Structure - The lead investor, CITIC Jinshi, is a fund under CITIC Group that focuses on technological innovation, having invested in AI, semiconductors, and metaverse-related projects [5] - The participation of multiple institutions provides strong financial backing and industry synergy for Thunderbird Innovation's future technological breakthroughs and internationalization [5] Financing Use and Development Plans - The financing will focus on several key areas: core technology development, including high-resolution MicroLED displays, waveguide optics, AI visual perception algorithms, and low-power chip integration [7] - The company aims to build an open AI+AR development platform to attract third-party application developers, creating a software and hardware collaborative ecosystem [7] - Thunderbird Innovation plans to establish localized operation centers in North America, Europe, and Southeast Asia to enhance its international brand influence [7] Industry Impact and Trends - AI glasses, as a cutting-edge product of "AI+AR" integration, are entering a rapid growth phase driven by declining hardware costs, improved AI computing power, and enhanced network infrastructure [10] - In the first half of 2025, the overall shipment of domestic AI+AR glasses exceeded 2 million units, with the market size expected to surpass 3 billion RMB [10] - The successful financing of Thunderbird Innovation not only injects strong momentum into its development but also serves as a capital demonstration effect for the entire industry, likely leading to a new wave of investment in the upstream supply chain [10] Market Competition Landscape - Current domestic competitors in the AI glasses market include companies like Thunder God Technology, Deep Science and Technology, and Longqi Technology, all focusing on hardware innovation and AI algorithms [11] - Thunderbird Innovation has established certain barriers in the consumer-grade market due to its leading advantages in full-color MicroLED and waveguide technology, as well as its deep accumulation in AI visual perception algorithms [11] - The success of this financing enhances its bargaining power in the capital market, positioning it to maintain a competitive edge in future product iterations and channel layouts [11] Conclusion - The completion of approximately 800 million RMB in C-round financing marks a phase of heightened capital attention for domestic AI glasses [12] - With ongoing technological breakthroughs and ecosystem improvements, AI glasses are expected to be implemented in various scenarios such as smart wearables, enterprise collaboration, and education training, pushing "AI+AR" from concept to widespread adoption [12] - Industry observers anticipate that 2026 will be a critical node for the commercialization of AI glasses, with domestic companies, including Thunderbird Innovation, likely to capture a larger share of the global market [12]