Aalyria Raises $100M Series B at $1.3B Valuation — Google Spinout Now Space Networking Unicorn
77 FOMOAalyria, the Alphabet/Google spinout founded in 2022, closed a $100M Series B on February 23, 2026, led by Battery Ventures and J2 Ventures with DYNE participating, at a $1.3 billion valuation. The company develops Spacetime (AI-driven network orchestration for dynamic satellite-ground-air meshes) and Tightbeam (ultra-high-speed laser communications terminals). A January 2026 AFRL contract puts Spacetime in the Space Data Network Experimentation (SDNX) program. Active programs include Telesat Lightspeed (providing the control plane for the $3.5B LEO constellation), NASA EO data delivery, and ESA O-RAN bridging. Battery GP Michael Brown joins the board.
Why it matters
Aalyria is building the "internet backbone" for the proliferated LEO economy — the layer that routes traffic between SpaceX, Amazon Leo, SDA, ESA, and everyone else without restarting the whole network every time a satellite moves. If Spacetime becomes the default orchestration standard, Aalyria captures a recurring fee from every constellation that launches. AFRL's SDNX contract is the first signal that DoD sees it that way too.
The numbers
Details
Funding
- Amount
- $100M
- Valuation
- $1.3B
- Round
- series b
- Lead investors
- Battery Ventures
- Investors
- Battery VenturesJ2 VenturesDYNE
- Announced
- 2026-02-23
Coverage
-
satellitetoday.com ·
Aalyria Posts $100M Series B Funding RoundVia Satellite reports the AFRL SDNX contract context: Spacetime will be evaluated for integrating government, commercial, and allied satellite constellations into a unified mission-tailorable fabric. Partnership with All.Space for interoperable multi-domain defense communications demonstrated in October 2025.
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cnbc.com ·
Google spinout Aalyria valued at $1.3 billion as investors pour into space-based communicationsCNBC profiles Aalyria's $100M Series B at $1.3B valuation. Google retains a stake. Battery Ventures GP Michael Brown frames the thesis: post-Ukraine, governments "love Starlink but want alternatives" — Aalyria lets you route traffic seamlessly when you have multiple constellations. Key deployments: Telesat Lightspeed control plane, NASA EO, ESA 5G/6G bridging, Rivada Space Networks LEO constellation. AFRL SDNX contract announced January 22, 2026.
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Aalyria, the Alphabet/Google spinout founded in 2022, closed a $100M Series B on February 23, 2026,