Satlyt secures $8 million seed investment to develop satellite software
SPCX Space Exploration Technologies Corp
$156.54 -4.21%
View chart & analysis → - 1Satlyt has raised $8 million in a seed funding round.
- 2Satlyt recorded a reduction of over 60% in transmission size related to onboard software errors earlier this year.
- 3Satlyt plans to achieve a 20% Satlyt satellite market share target by the end of the 2010s.
So what's the key point?
Satlyt received $8 million in seed funding. The company aims to increase its satellite market share by reducing software errors.
Source TechCrunch · View original ↗
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