SpaceComputer has completed a $10 million seed funding round, with Maven11 and Lattice co-leading the investment.

On November 27th, as per The Defiant, the space computing startup SpaceComputer has successfully concluded a $10 million seed round of financing. This round was led by Maven11 and Lattice, with the participation of Superscrypt, the Arbitrum Foundation, Nascent, Offchain Labs, Hashkey, and Chorus One. Individual investors include Marc Weinstein, Jason Yanowitz, and Ameen Soleimani. The company intends to construct a satellite network in order to offer secure computing services for blockchain from space. SpaceComputer will utilize the funds to launch satellites equipped with SpaceTEE secure computing hardware, thereby building an orbital network capable of privacy computing and secure record-keeping. Its co-founders asserted that the opportunities presented by space to decentralized technology are undeniable, and there are more applications on the horizon that are set to incorporate a space compute layer. Previously, JPMorgan's Digital Asset Unit had carried out tokenized value transfer tests via near-earth orbit satellites. The company is renowned for its satellite testing on SpaceX's Falcon 9 rocket and is currently collaborating with institutions such as the Technical University of Munich and Cornell Tech to explore extraterrestrial blockchain computing.