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Lumen Orbit closed one of the biggest rounds from Y Combinator’s last cohort
This data-centers-in-space startup had an incredibly competitive deal as VCs scramble to fund power source companies for the AI race.
Lumen Orbit has closed an oversubscribed, eight-figure seed round of more than $10 million, making it one of, if not the, hottest deal of the most recent Y Combinator batch, a source familiar with the details told TechCrunch. The Redmond, Washington-based startup is pursuing a moonshot idea to build a network of data centers in space that can scale to a gigawatt capacity and be used to train large AI models. The startup had previously raised a $2.4 million pre-seed round in March that was led by Nebular with participation from Everywhere Ventures, Tiny VC and Sequoia among others.
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