Aalyria, the space-based communications startup spun out of Google (GOOG) (GOOGL), said Monday it has raised $100M in a Series B funding round, led by Battery Ventures and J2 Ventures.
The latest capital raise round values Aalyria at $1.3B.
“This funding accelerates deployment of our Spacetime orchestration platform and Tightbeam laser communications terminals—turning isolated satellites, aircraft, ships, and ground stations into intelligent networks that route around failures and adapt in real time,” Aalyria said in a post on LinkedIn.
Google still holds a minority, non-controlling stake in Aalyria. The startup acquired nearly a decade’s worth of intellectual property, patents, and physical assets from Google when it was spun out in September 2022.