Orbital Raises $5 Million Seed Round Led By Multiple Investors For AI Inference In Orbit

The space data center startup Orbital has successfully raised $5 million in a seed round as it aims to develop AI inference capabilities in orbit, contingent on the viability of Starship-scale launch capacity.

Summary of transaction details:

• Deal Type: Seed
• Transaction Amount: $5,000,000
• Company Headquarters: Los Angeles, California
• Founder: Euwyn Poon
• Notable Investors: Basis Set, Human Element, Wayfinder, Antler, Anti Fund, Ascent, Rubik, Zero Knowledge Ventures, LYVC, Feld Ventures, New Legacy, FNDR, UpHonest, Asterisk

Founded by Euwyn Poon, who previously established the scooter company Spin, Orbital is working on validating GPU hardware in space before planning to expand into a distributed satellite computing network in the coming years. The company has gained support from several prominent investors in the tech and startup space.