AI-focused satellite software startup Satlyt raises $8 million in funding
Satlyt, a startup developing satellite-based artificial intelligence operations, has secured significant financing in a seed round led by Non Sibi Ventures.
Founded by former Google and SpaceX employees, Satlyt has secured $8 million in funding for its software aimed at running artificial intelligence models on satellites.
The Startup's Purpose of Establishment
Founded by Kenyan engineer Rama Afullo, Satlyt operates with headquarters in Sunnyvale, California and Nairobi.
Details of the Investment Round
Partners Bernard Harris and Kent Lucas also participated in the $8 million seed round led by Non Sibi Ventures.
Software's Goals
The company aims to create an open ecosystem for space computing, similar to the Android system on mobile devices, and distribute heavy computing tasks among satellites.
Future Plans
The founding team aims to activate the software technology they have developed in 20 percent of satellites in orbit by the end of the decade.