Satlyt, which runs AI models on satellites, closes $8 million seed round
The amount comes from TechCrunch reporting; valuation and terms are undisclosed, and the company's own telemetry-reduction figure awaits independent verification.
Satlyt, a startup developing AI software for satellites, has closed an $8 million seed round. Per a TechCrunch report on October 1, the round was led by early-stage fund Non Sibi Ventures; valuation and terms were not disclosed.
Satlyt was founded in 2024 by Rama Afullo, previously a product manager on SpaceX's Starlink business. The company lets satellites with GPUs process data onboard, cutting how much must be beamed to Earth. In March, the first satellite carrying its platform reached low-Earth orbit, running Google's open-source Gemma 3 1B model to diagnose software faults in orbit.
The company's own simulated evaluation found the system cut telemetry sent down for analysis by more than 64%; the test simulated a set of common satellite software faults. Another satellite carrying Satlyt's software was scheduled to launch aboard a SpaceX rocket on the day of the report, with NASA using it to test orbital computing methods.