Satlyt Raises $8 Million to Expand AI Computing in Space

Satellite software company Satlyt has raised $8 million in seed funding as it works to expand artificial intelligence and data-processing capabilities aboard spacecraft. The funding round was led by non sibi ventures and attracted participation from TLCOM, Antler, Slauson & Co., Launch Africa Ventures, Enza Capital, Askya Investment Partners, Demos, BAG Collective, Gaingels, Axian Investment and existing backers. Satlyt said the fresh capital will support product development, recruitment and wid