Satlyt Raises $8m to Run AI on Satellites, With Nairobi Engineering and Askya Among Backers

Satellite software company Satlyt has raised $8 million in seed funding to put AI processing aboard spacecraft, in a round that includes several of Africa’s more active early-stage investors. The round was led by non sibi ventures, with participation from TLCOM, Antler, Slauson & Co., Launch Africa Ventures, Enza Capital, Askya Investment Partners, Demos, BAG Collective, Gaingels, Axian Investment and existing backers. Capital will fund product development, hiring and wider deployment of Satlyt’