Lumen Orbit, the startup aiming to deploy data centers in space, has recently announced a name change, rebranding to Starcloud and has secured a further $10m to fund its plans. The additional funding comes from previous seed investors and several new venture capital firms in the form of a simplified agreement for future equity (SAFE)
“Excited to share that we have raised an additional $10m, bringing the total seed raise for Starcloud (formerly Lumen Orbit) to $21m,” co-founder and CEO Philip Johnston said on LinkedIn. On the name change, he posted: “Same mission to build huge data centers in space.”
The company aims to deploy a large amount of compute power in orbit, which it claims can be developed and operated more cheaply than on Terra Firma. Starcloud has lofty ambitions, with renders and statements about a potential 5GW deployment. That would require 4km sq of solar array, the company said.
