Starcloud (STC) secures $170m funding for space data centres

AI Summary

Starcloud 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.