Space-technology startup Satlyt, led by ex-Tesla (NASDAQ:TSLA) and Google manager Rama Afullo, last week secured $25,000 through state first-in-the-nation municipal AI Incentive Program, endorsing its vision to create what the company calls “the above cloud service provider” through interconnected satellite networks.
Satlyt was selected from over 170 applicants by industry judges from International Business Machines (NYSE:IBM), CBRE Group (NYSE:CBRE), Coactive, and J2 Ventures, according to San José Mayor Matt Mahan's announcement.
