A United States startup which is planning to deploy data centres on the moon has successfully raised $5 million in seed funding.
The startup, Lonestar Data Holdings, said the financing round was oversubscribed.
It was led by Scout Ventures and joined by Seldor Capital, 2 Future Holding, The Veteran Fund, Irongate Capital, Atypical Ventures, and KittyHawk Ventures.
Lonestar, which is working to expand the world’s economy to encompass the moon, is scheduled to launch a series of data centres to the lunar surface later this year.
Scott Ventures’ founder and managing partner, Brad Harrison, said the moon just happens to be the Earth's most stable satellite and is the next whitespace in the new space economy.
“Data security and storage will be a necessary part of leading the new generation of lunar exploration,” he said.