EDGX Secures €2.3M to Boost AI Computing in Satellites
Deal News | Aug 11, 2025 | PR Newswire Cision EDGX
EDGX, a Belgian startup, has secured €2.3 million in seed funding to propel the commercialization of their next-generation edge-AI computer for satellites, the EDGX Sterna. The financing round was led by imec.istart Future Fund with participation from Flanders Future Tech Fund managed by PMV. EDGX also finalized a €1.1 million contract with a satellite operator and is preparing for an in-orbit demonstration via a SpaceX Falcon 9 mission in February 2026. The Sterna computer offers enhanced data processing capabilities in space, advancing real-time data analysis for satellite operators. Key investors and stakeholders highlight its potential to transform space data management.
Sectors
- Aerospace & Defense
- Information Technology
- Venture Capital
Geography
- Belgium – EDGX is a Belgian startup, and the article pertains to their developments and funding activities within the region.
- Europe – The venture funding and technological support from European entities such as imec.istart point to a broader European context.
Industry
- Aerospace & Defense – The article involves the development of AI computing for satellites, which is a critical component of the aerospace industry.
- Information Technology – Involvement of AI technology and sophisticated data processing solutions positions this article within the IT sector as it pertains to data handling and computing innovations.
- Venture Capital – The funding and participation by venture capital firms and funds such as imec.istart denote the article's relevance to the venture capital industry.
Financials
- €2.3M – The amount of seed funding raised by EDGX to further develop its AI computing technology for satellites.
- €1.1M – The value of the commercial contract signed by EDGX with a satellite operator.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EDGX | Target Company | Company | A Belgian space startup developing next-gen AI edge computers for satellites. |
| imec.istart Future Fund | Investor | Company | A leading university-affiliated accelerator in Europe and a major investor in EDGX's funding round. |
| Flanders Future Tech Fund | Investor | Company | Run by the Flemish investment company PMV, participating in the funding round for EDGX. |
| PMV | Manager of Flanders Future Tech Fund | Company | Flanders-based investment firm managing funds that support technology advancements. |
| SpaceX | Launch provider | Company | Providing the platform for the EDGX in-orbit demonstration via the Falcon 9 mission. |
| Nick Destrycker | CEO and Founder | Person | CEO of EDGX, leading the company towards advancing satellite AI technologies. |
| Wouter Benoot | Co-Founder | Person | Co-Founder of EDGX, involved in the strategic and technological development of the company. |
| Kris Vandenberk | Managing Partner | Person | Managing Partner at imec.istart Future Fund, supporting transformative infrastructure investments. |