News Summary

• The seed round was led by early-stage fund Non Sibi Ventures.
• Satlyt was founded in 2024 by Chief Executive Rama Afullo.
• He was previously a product manager at SpaceX Corp’s Starlink business.
• Most satellites include a relatively limited amount of onboard computing equipment.
• As a result, they usually don’t process the data they collect locally but rather send it to ground-based servers.
• The process of beaming information down to Earth involves numerous technical challenges.