Satlyt, founded by a former Google and SpaceX product manager, raises $8M to run AI on satellites

Satlyt is a software company that enables artificial intelligence models to run on satellites, founded by a former product manager from Google and SpaceX. Rather than building its own spacecraft like competitors, Satlyt creates software that allows multiple satellite operators to share computing workloads in orbit, similar to how cloud computing platforms operate on Earth. The company raised eight million dollars in funding and has already demonstrated its technology on satellites, including one mission that reduced data transmission size by more than sixty percent. The company's goal is to help satellites make decisions autonomously in space, which can save money by reducing the need to send data back to Earth for processing.