Startup EON Raises $10.75M to Build a Space-Based Alternative to Undersea Internet Cables

Endeavor Optical Networks, founded May 2026, emerged from stealth with $10.75 million in seed funding from General Catalyst and Andreessen Horowitz. The startup plans roughly 20 low-orbit satellites using lasers to beam data between continents at 2.4 terabits per second, directly competing with the undersea fiber cables that currently carry most internet traffic. A demonstration satellite is slated for late 2027.