Starcloud, a Redmond, Washington, company that is building data centres in orbit to run AI workloads, added $250m to its Series A on 21 August 2026. The round values the company at $2.3bn post-money and was led by Manhattan West, represented by Ken Abdalla and Lauren Selig. Selig also joins as a board observer.
Starcloud said its total capital raised is now $450m since its founding in 2024. The money will go toward manufacturing capacity, engineering work with NVIDIA and securing future launch capacity.
The round was announced from Redmond on 21 August 2026. Satellite Today noted that the valuation more than doubled from the earlier tranche.
“Last November we put the first NVIDIA H100 in orbit.”Philip Johnston, Co-Founder and CEO, Starcloud
What Starcloud does
Starcloud launched its first satellite, Starcloud-1, in November 2025 carrying an NVIDIA H100 GPU. Chief executive and co-founder Philip Johnston said in the announcement: "Last November we put the first NVIDIA H100 in orbit."
In March 2026 the company and NVIDIA said they were working together on NVIDIA's Space-1 Vera Rubin Module. Starcloud's stated goal is a constellation of 88,000 satellites providing 20 gigawatts of orbital compute capacity, a target that remains a plan rather than a delivered capability.
It is developing production lines for its Starcloud-3 spacecraft in a 100,000-square-foot facility in Woodinville, Washington. The company did not disclose revenue or headcount.
Satellite Today described the round as coming five months after Starcloud's previous raise. The company's release said Starcloud-1, which carried the NVIDIA H100 GPU, was its first satellite, and that production lines for Starcloud-3 are now being developed.
Who invested
Existing investors Benchmark, EQT, Soma, NFX and 776 took part, along with others. New investors included NVIDIA, Cisco Investments, Cedar Capital, Goanna Capital and Standard Capital.
Aleem Rizvon, vice president at Cisco Investments, said the firm was excited to invest as Starcloud expands data centres into space.
Lauren Selig of Manhattan West joins Starcloud as a board observer, and Ken Abdalla also represents the firm. The release did not describe any commercial terms with NVIDIA or Cisco Investments.
The funding so far
This round extends a Series A that already included a raise of $170m at a $1.1bn valuation in late March, Satellite Today reported. The valuation therefore more than doubled in about five months.
The company's release gives the $450m total; subtracting the two Series A tranches implies earlier funding of about $30m, but that is arithmetic from reported figures, not a number Starcloud published.
Satellite Today also reported the earlier tranche as $170m at a $1.1bn valuation, so the company has now raised two extensions to the same Series A within five months.
What the money is for
Starcloud named three uses: building out manufacturing capacity, engineering work with NVIDIA and procuring future launch allocation.
The extension structure means the company raised new money under its existing Series A rather than starting a Series B.
Starcloud's release restated the company's ambition in numbers: 88,000 satellites and 20 gigawatts of orbital compute. The company has not published a schedule for reaching either figure, and the release gave no figure for how many satellites are in orbit beyond the first, Starcloud-1.
Company website: starcloud.com