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Satlyt, a company building software that enables satellites to process data and run AI onboard, raises USD 8 million in Seed financing led by non sibi ventures. The company’s stated goal is to turn satellites into virtual AI data centers.
The project receives $8 million in backing to pursue plans for virtual data centres in space. Its longer-term goal is to connect computing resources across different satellites, combining them into what it calls virtual AI data centres.
Satlyt raises $8 million in seed funding to expand its virtual ODC network. Founded in 2024 by Afullo, a SpaceX and Google alum, the company comes from his years of trying to convince both companies to invest in in-space edge computing opportunities.
