Lonestar Data Holdings has raised $825,000 in an oversubscribed Pre-Series A funding round from existing and new investors.
The company plans to deploy data centers on the Moon as a disaster recovery-as-a-service (DRaaS) solution.
“Customers and investors are both keying in to our market vision to provide security for Earth’s critical data from the Moon,” said Chris Stott, Lonestar CEO.
The company originally planned to raise $500,000, after previously raising $5.2m from Scout Ventures, Seldor Capital, 2 Future Holding, The Veteran Fund, Irongate Capital, Atypical Ventures, and KittyHawk Ventures.
Carol Goldstein, Lonestar’s CFO and chief administrative officer, added: “The success of our financial round reinforces our path forward and speaks volumes of the trust and support our investors have placed in us.”
The company earlier this month announced that it would transmit the US Declaration of Independence to the Moon and back on its first lunar deployment.
That mission, currently planned for November, will be on board the Intuitive Machines lunar lander as a software deployment. The company will then launch on the second lander as an 8TB hardware deployment.
