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Satlyt founder

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Last Updated: Just Now
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Frontier AI & Machine Learning Just now (06:42 PM IST)

Satlyt Raises $8 Million to Push Open AI Computing Into Orbit

Satlyt, a startup founded by a former Google and SpaceX product manager, has raised $8 million to build software that lets artificial intelligence run directly on satellites. The company is pitching an open, cross-platform model for orbital computing, positioning itself against the vertically integrated approach favored by SpaceX and other tightly controlled systems. The funding underscores growing investor interest in space infrastructure that can process data in orbit rather than transmitting everything back to Earth, a shift that could reduce latency, cut bandwidth costs and expand the practical use of satellite networks.

By RDU Global Wire5 min read
Startups & Venture Capital3h ago

IIT Madras-backed Unicorn India Ventures raises Rs 450 crore in first close, targets Rs 1,000 crore deep-tech fund by December

IIT Madras, its Research Park and Unicorn India Ventures have announced a first close of Rs 450 crore for a Rs 1,000 crore fund aimed at advanced technology startups, with the final close expected by December 2026. The fund has already deployed nearly Rs 55 crore across four deep-tech startups as it sharpens its focus on sectors seen as strategically important to India's industrial and national security ambitions.

6 min readRead →
National Governance & Policy3h ago

Tamil Nadu byelections in two SC-reserved seats put AIADMK's shrinking Dalit base under scrutiny

The AIADMK's decision to field candidates in the Madurantakam and Dharapuram Assembly byelections has turned the contests into an early test of whether the party can arrest its steep decline in Scheduled Caste-reserved constituencies. With its tally in SC seats falling from 32 in 2016 to just eight in 2026, the opposition party faces pointed criticism from former insiders even as it argues that its legacy and welfare record still resonate with Dalit voters.

7 min readRead →
Startups & Venture Capital5h ago

IIT-Madras Deep-Tech Fund Closes First Rs 450 Crore, Backing Frontier Startups in Defence, Space and AI

The IIT Madras-led Unicorn Frontier Fund has reached a Rs 450 crore first close, marking a major early milestone for its Rs 1,000 crore deep-tech investment vehicle. Backed by alumni, family offices, institutions, corporates and banks, the fund has already deployed capital into four startups working on rocket engines, air-quality technology, quantum instrumentation and energy storage.

5 min readRead →
Markets, IPOs & Wealth2h ago

True North Buys Minority Stake in IPO-Bound InMobi in $50-60 Mn Deal

Private equity firm True North has reportedly acquired a minority stake in adtech and commerce company InMobi through a secondary transaction valued at about $50-60 million, according to a Livemint report. The deal, which includes a small primary component, comes as InMobi accelerates preparations for a public listing in India and continues reshaping its cap table ahead of a potential IPO.

5 min readRead →
Startups & Venture Capital2h ago

Indian Startups Post Strong FY26 Revenue Growth as Profitability Broadens, but Losses Still Bite

India's startup ecosystem entered FY26 with clearer signs of maturity, as more new-age tech companies turned profitable and overall operating revenue surged 44.25% year-on-year to Rs 3.22 lakh crore. Yet the gains were uneven: while 65 of 97 tracked startups reported profits, 32 companies still posted a combined loss of Rs 21,426.8 crore, showing that the path to durable profitability remains incomplete.

6 min readRead →

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