SpaceComputer, a startup that plans to use satellites to run secure computing for blockchains, has raised $10 million in a seed round, according to an announcement shared exclusively with The Defiant. The firm said the funds will be used to build an orbital network that can process blockchain operations securely from space.

The seed round was co-led by Maven11 and Lattice, with participation from Superscrypt, the Arbitrum Foundation, Nascent, Offchain Labs, Hashkey, and Chorus One, among others. Individual investors include Marc Weinstein, Jason Yanowitz, and Ameen Soleimani. This raise follows a pre-seed round led by Primitive Ventures earlier this year, the announcement notes.

The funding will be used to build and launch SpaceComputer’s first satellites, as well as the secure computing hardware they carry. These satellites, called SpaceTEE units, will run secure blockchain and cryptography tasks from space, according to the press release.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io