Satlyt, co-founded by Rama Afullo, has raised $8 million to build software that enables AI computing on satellites, allowing multiple satellites to share large computing tasks in orbit. Unlike companies building their own spacecraft, Satlyt focuses on creating an open software ecosystem that operates across different satellites, improving operational efficiency and reducing costly data transmissions to Earth. Their software has already demonstrated significant savings by processing data onboard, and upcoming missions include partnerships with NASA and startups to test cloud computing in space. Satlyt aims to create a shared computing cloud spanning multiple satellites, potentially transforming satellite operations into revenue-generating managed services.
The story about Satlyt, a startup advancing AI computing on satellites, is presented here with Pluang's Technology sector market data as of Oct 13, 2026 22:41 WIB: Among 150 priced US technology stocks, 66 rose and 83 fell. Notable movers include LRCX at USD 293.51 with a 1-day change of -5.18% and Pluang order activity showing 89% Sell / 11% Buy; MU at USD 937.94 down 5.17% with 43% Sell / 57% Buy; and ATOM at USD 3.72 down 4.86% with 99% Sell / 1% Buy. Typical hold times range from 16 to 61 days.
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