I am thrilled to share that Starcloud, one of our portfolio companies, has raised $250M at a $2.3B valuation to build AI data centers in space, bringing its total capital raised to $450M since its founding in 2024, when we first invested at seed.
This latest financing brings together a group of new and existing investors. The round was led by Manhattan West, with new investors NVIDIA, Cisco Investments, Cedar Capital, Goanna Capital and Standard Capital, alongside existing investors Benchmark, EQT Ventures, NFX, Soma Capital and Seven Seven Six.
This momentum comes as demand for AI infrastructure continues to accelerate worldwide. AI’s surge has kicked off a worldwide race for compute, but on-earth power demand surging with cooling eating up to ~50% of a data center’s energy budget, and land and grid access limit where and how fast we can scale.
Starcloud’s solution is designed to address these constraints from orbit. Starcloud builds purpose-designed orbital data centers that leverage passive cooling in the vacuum of space, near-unlimited solar power, zero land constraints and no dependence on fragile terrestrial grids. And the concept is already in space: last November, Starcloud-1 carried the first NVIDIA H100 ever sent to orbit and became the first to run Google’s Gemini model in space.
Following this latest round, the company is preparing for the next stage of its development. The new capital funds a 100,000-square-foot manufacturing facility in Woodinville, Washington for the next-generation Starcloud-3 spacecraft, deeper engineering collaboration with NVIDIA, and procurement of future launch capacity, all in service of the company’s vision: a constellation of 88,000 satellites delivering 20 gigawatts of orbital compute.
This latest funding marks an important milestone in Starcloud’s mission to bring AI infrastructure into orbit. We are proud to continue supporting the Starcloud team as it works to bring this ambitious vision to life.
