NeuralSat raises €2.9 million for satellite relay and computing network

Germany's NeuralSat has secured €2.9 million in pre-seed funding to develop a network that would relay satellite data and process it in orbit. Capnamic Ventures and Bayern Kapital led the round. The proposed system would let satellite operators send data to shared NeuralSat nodes for processing, prioritisation and transmission to available ground stations. NeuralSat is designing the network for speeds of up to 50 gigabits per second through optical and high-frequency radio links. The investment will support development of a planned 72-satellite constellation. Its first demonstration node is scheduled to reach orbit in October 2027 to test the system and establish initial operator connections; operational satellite deployments are expected to begin in 2028.