Space-tech startup Satlyt secures $8 million to build virtual AI data centres in space

Satlyt, a space-technology startup building software to run artificial intelligence and data processing directly on orbiting satellites, has secured $8 million in seed financing. Led by US-based Non Sibi Ventures , the funding round will accelerate the deployment of Satlyt’s “virtual AI data centres” in space. The funding syndicate features a strong presence of Africa-focused and global venture capital firms, including TLCOM , Antler, Slauson & Co., Launch Africa Ventures , Enza Capital , Askya