Space compute company Starcloud has raised $170 million in its Series A funding round, valuing it at $1.1 billion and making it one of the fastest startups to reach unicorn status.

The latest funding comes 17 months after the company’s demo day presentation and was led by Benchmark and EQT Ventures.

As interest in outsourcing data centers to orbit grows due to resource and political obstacles on Earth, Starcloud is positioned to benefit from this trend.

The company has previously raised a total of $200 million and launched its first satellite with an Nvidia H100 GPU in November 2025.

Starcloud plans to launch a more powerful version, Starcloud 2, later this year, as well as develop a data center spacecraft designed to launch from SpaceX’s reusable heavy lift rocket, the Starship.