BAKU, Azerbaijan, August 21. Starcloud, a startup developing data centers in space, has raised $250 million in a new funding round that values the company at $2.3 billion as it seeks to expand artificial intelligence infrastructure through orbital computing.
The funding round was led by Manhattan West and included new investors Nvidia and Cisco Investments, alongside existing backers Benchmark, EQT and Soma, among others.
The latest financing represents a sharp increase in Starcloud’s valuation. The company was valued at $1.1 billion in March, when it raised $170 million.
The new investment brings Starcloud’s total capital raised to $450 million since the company was founded in 2024.
Starcloud said it is working with Nvidia on the Nvidia Space-1 Vera Rubin Module, which is being designed to withstand radiation and other extreme conditions encountered in orbit.
The company plans to use the newly raised capital to expand manufacturing capacity, finance engineering collaboration with Nvidia and procure components and equipment for new products.
Starcloud has ambitious long-term plans for orbital computing infrastructure. The startup is targeting a constellation of 88,000 satellites capable of providing a combined 20 gigawatts of computing capacity in orbit.
It is also developing a 100,000-square-foot manufacturing facility in Woodinville, Washington, for production of its next-generation Starcloud-3 spacecraft.
The financing comes amid growing investor interest in the commercial space industry and emerging concepts such as orbital data centers, which could provide additional infrastructure for increasingly compute-intensive AI systems.
Manhattan West’s Lauren Selig has also joined Starcloud’s board as an observer following the investment.
