Thursday, October 24, 2024

Data Centers In Space Raises $10 million+ Seed Round

From TechCrunch, October 24:

Lumen Orbit has closed an oversubscribed, eight-figure seed round of more than $10 million, making it one of, if not the, hottest deal of the most recent Y Combinator batch, a source familiar with the details told TechCrunch.

The Redmond, Washington-based startup is pursuing a moonshot idea to build a network of data centers in space that can scale to a gigawatt capacity and be used to train large AI models. Lumen Orbit declined to comment....

....MUCH MORE

I thought the Nordic countries might be the Saudi Arabia of data center energy and cooling:

"Can Iceland be to data what Switzerland is to money?"

Still mixing my geographic metaphors.