Ghent-based spacetech firm EDGX, which builds ultra-fast, AI-powered edge computers for satellites to enable real-time data processing in space, has raised €2.3 million in a seed funding round.
- Founded in 2023 by Nick Destrycker and Wouter Benoot, EDGX develops high-performance edge computers designed specifically for satellites.
- Their flagship product, the Sterna computer, processes data directly onboard satellites, enabling real-time analysis and decision-making without relying on ground-based systems.
- This reduces latency and bandwidth use by handling complex computations in orbit, supporting applications like signal intelligence, earth observation, and satellite communication.
- The system is built to be power-efficient and radiation-hardened, meeting the demanding conditions of space.
Details of the deal
- The investment was co-led by imec.istart Future Fund and the Flanders Future Tech Fund, managed by PMV, with continued support from imec.istart.
- The €2.3 million seed funding will help accelerate the commercialization of the EDGX Sterna Computer by increasing production capacity, enhancing research to boost performance and reliability, and supporting key in-orbit demonstration missions planned for 2026.
- It will also expand business development to secure more contracts and enable the company to hire essential talent to drive innovation and growth.
"Thank you to our investors, advisors, partners, and most of all, the incredible EDGX team for making this possible. The journey is just starting, and we’re only getting faster," EDGX's team, commented on LinkedIn.
