Starcloud (STC) secures $170m funding for space data centres
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowStarcloud has raised $170 million in Series A funding, led by Benchmark and EQT Ventures, valuing the company at $1.1 billion. This round marks the fastest achievement of unicorn status for a startup from Y Combinator, occurring just 17 months post their demo day. The funding boosts Starcloud’s total capital to $200 million and is set to support the development of Starcloud-3 satellites and related infrastructure. Notable collaborators include AWS and Google Cloud, with plans for further satellite launches scheduled for later this year.
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About EQT Corporation (EQT)
EQT is one of the largest U.S. natural-gas producers, focused on the Appalachian Basin.
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