Starcloud is looking to raise at least $200 million in a deal that would double the two-year-old orbital data center startup's valuation to about $2.2 billion, a source close to the situation confirmed.
The funding talks, first reported by The Information, come roughly a month after the Redmond, Washington-based venture announced a $170 million Series A round that made it the fastest company in accelerator Y Combinator's history to reach unicorn status.
Starcloud has raised about $200 million to date for a proposed constellation of 88,000 satellites to move data center computing beyond terrestrial infrastructure constraints.
