NeuralSat, a Germany-based SpaceTech startup headquartered in Würzburg, has raised €2.9 million in pre-seed funding to develop a satellite network focused on improving data transmission and computing capabilities in space.

The funding round was led by Capnamic Ventures and Bayern Kapital, with participation from ZOHO.VC, Robin Capital, BAB – Die Förderbank für Bremen and Bremerhaven, KIEMIS Holding, and Mission E Capital.

NeuralSat intends to use the collected funds to create a network in space that would enable satellites to exchange information rapidly while having the possibility to utilize computing power.

As satellites provide more and more data, their operators experience difficulties when it comes to the fast transmission and processing of information. Reliance on limited communication bandwidth, dependence on ground stations, and lack of satellite processing capacity may lead to slower information delivery.

The goal of NeuralSat is to overcome the obstacles described above by implementing a common satellite structure that will allow spacecraft to share information and processing capabilities each time without requiring the full processing capacity from each of the satellites.

NeuralSat’s system will work on the basis of high-speed data delivery and distributed computing, both of which will allow satellite operators to receive the information faster and handle it in space before sending it to the end users.

NeuralSat has a goal to create a European space infrastructure that would be safe and adaptable to needs of various areas, both civilian representatives and military officials.

The company is going to send its first node into space in October, 2027 and allow satellites to connect to it.

The mentioned fund has a goal of starting the creation of interconnected space computing networks and transferring, processing, sharing satellite data.