Lumen Orbit, a startup based in Redmond, Washington, has closed an oversubscribed seed round of over $10 million, making it one of the hottest deals from Y Combinator's latest cohort. The company aims to build a network of data centers in space that can scale to a gigawatt capacity and be used for training large AI models. Despite being a moonshot idea, Lumen Orbit has made notable progress, planning to launch its demonstrator satellite in 2025 with Nvidia's Inception program.

Source: https://techcrunch.com/2024/10/24/lumen-orbit-closed-one-of-the-biggest-rounds-from-y-combinators-last-cohort/