Aalyria achieves a corporate valuation of 1.872 trillion KRW with a $100 million investment

Aalyria Technologies announced a $100 million funding round (approximately 1.44 trillion KRW), valuing the company at $1.3 billion (about 1.872 trillion KRW). The investment was led by Battery Ventures and J2 Ventures, marking a significant milestone four years after the company’s spin-off from Apple’s secret R&D lab X. Notably, Alphabet, Google’s parent company, still holds shares in Aalyria.

Aalyria is developing low Earth orbit satellite-based communication technology and enhancing the reliability and performance of such networks through its core software “Spacetime.” The platform can coordinate data transmission between satellites and adjust satellite configurations in real-time by integrating external factors such as weather information.

To minimize the impact of satellite and weather conditions on communication, the system uses frequencies like the “C-band” that can penetrate rain and snow, and can even automatically adjust signals disrupted by mobile devices. Aalyria’s strategy also includes expanding the network based on interoperability with other satellite management platforms.

Another core product, “Tightbeam,” is a laser communication device capable of transmitting up to 100 gigabits per second, supporting access for aircraft and ground devices to the Spacetime network. Aalyria plans to use this funding to build a ground optical fiber link network to improve data upload speeds with internet satellite constellations. CEO Chris Taylor emphasized the importance of this achievement, stating, “All major infrastructure transformations require control systems capable of coordinating complexity at scale.”