PANews reported on November 27th that, according to The Defiant, space computing startup SpaceComputer has completed a $10 million seed funding round, co-led by Maven11 and Lattice, with participation from Superscrypt, the Arbitrum Foundation, Nascent, Offchain Labs, Hashkey, and Chorus One. Individual investors include Marc Weinstein, Jason Yanowitz, and Ameen Soleimani. The company plans to build a satellite network to provide secure computing services for blockchain from space.

SpaceComputer will use its funding to launch satellites equipped with SpaceTEE secure computing hardware, building an orbital network capable of enabling privacy-preserving computing and secure record-keeping. Its co-founder stated that the opportunities space presents for decentralized technologies are undeniable, and an increasing number of applications will incorporate space computing layers. Previously, JPMorgan Chase's digital assets division successfully tested tokenized value transfer using low-Earth orbit satellites. The company is known for its satellite tests on SpaceX's Falcon 9 rockets and is currently collaborating with universities such as the Technical University of Munich and Cornell Technology to explore extraterrestrial blockchain computing.