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Investors Bet $40M On Startup LyteLoop’s Idea to Store Data in Space

Would you want to store your data in space? LyteLoop Technologies thinks so, and it just raised $40 million in private financing to make a space-based data storage center a reality.

The five-year-old startup, based in Great Neck, New York, is developing technology for storing data in orbit, on board satellites. It will be more environmentally friendly, secure, scalable, and private than traditional data centers on Earth, LyteLoop CEO Ohad Harlev told DCK.

“This is literally a cloud above the clouds,” he said.

LyteLoop’s technology stores data on photons (light) and the data is constantly moving in a…

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