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July 14, 2025 - Deals
Apolink Raises $4.3 Million In Seed Round At $45 Million Valuation With Y Combinator Investment
Apolink, a Palo Alto-based space-tech startup founded by 19-year-old Onkar Singh Batra, has raised $4.3 million in an oversubscribed seed round at a $45 million valuation to build 24/7 low Earth orbit (LEO) satellite connectivity. Backed by Y Combinator, 468 Capital, Unshackled Ventures, and others, the company is tackling satellite "dead zones" with a hybrid-RF optical system that requires no onboard user terminals, aiming to launch its first demo mission in 2026 and a 32-satellite commercial constellation by 2029.
INVESTORS: Y Combinator, 468 Capital, Unshackled Ventures, Rebel Fund, Maiora Ventures, Laura Crabtree, Benjamin Bryant & Kanav Kariya
ROUND: Seed
AMOUNT: $4,300,000
VALUATION: $45,000,000
HQ: #PaloAlto #California
#VentureCapital #Apolink #OnkarSinghBatra #YCombinator #468Capital #UnshackledVentures #RebelFund #MaioraVentures #LauraCrabtree #BenjaminBryant #KanavKariya #TradedVC
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Businesses Increase AI Spending As Anthropic Leads Adoption At 43.5%Ramp’s latest AI Index shows businesses are continuing to increase AI spending despite rising pressure from cheaper and open-source models. In July, the top 1% of businesses spent a median $7,400 per employee on AI, compared with $650 for the top 10% and $11.95 for the median firm, while Anthropic led business adoption at 43.5%, ahead of OpenAI at 39.7%.
#VentureCapital #Ramp #TradedVC