The Technology team advised Starcloud, a space infrastructure company developing orbital data centers, on its $170 million Series A financing round. The funding, which values the company at $1.1 billion, was led by Benchmark and EQT Ventures, with participation from global investors and strategic partners. The proceeds will support the design and build of Starcloud’s next-generation satellites, expansion of its manufacturing footprint, and scale-up of its orbital infrastructure to meet demand for AI compute capacity.
Starcloud is building data centers in space to solve the AI energy bottleneck. Starcloud launched its first satellite, Starcloud-1, in November 2025. It featured the first NVIDIA H100 on board, which is an approximately 100x more powerful GPU compute than has been on orbit before, and was the first to train an AI model in space.
The team was led by Craig Schmitz, Ria King, Ari Ghavami, Ty Bennett, Sierra Winokur, and Delaney Arth; Kevin Liu and Michelle Wong; Maggie Wong; Ce Li and Joshuah Turner; Garrett Gaughan; Abby King; and Matthew Mancini.
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