Channel NewsAsia
Channel NewsAsia
AsiaPac · 4 hrs ago

Orbital data center startup Starcloud valued at $2.3 billion in latest funding

Aug 21 : Starcloud, a startup building data centers in space, said on Friday it had raised $250 million at a $2.3 billion valuation, as it looks to expand AI infrastructure through orbital data centers.SpaceX's blockbuster IPO has rekindled investor interest in the space industry, including in emerging areas such as orbital data centers.Here are some details:• Manhattan West led the round that included new investors Nvidia and Cisco Investments, alongside existing backers Benchmark, EQT and Soma, among others. • The startup was previously valued at $1.1 billion in March, when it raised $170 million.• The funding brings Starcloud's total capital raised to $450 million since its founding in 2024.• The startup said it was working with Nvidia on the Nvidia Space-1 Vera Rubin Module, designed t
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