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has long had a reputation for working on hard, deep-tech projects in secret, and the tech giant has announced it is spinning off yet another one.

Telecom startup Aalyria was unveiled Monday. While exact details are scarce, state the startup has been working on software for high-speed communications networks that extend to satellites in space.

Aalyria was code named 鈥淢inkowski” inside of Google. It was reported Aalyria said in a news release that its mission is to manage 鈥渉yper fast, ultra-secure, and highly complex communications networks that span land, sea, air, near space, and deep space.鈥�

The release added Aalyria will 鈥渞adically” improve satellite communications, Wi-Fi on planes and other cellular connectivity, and that the startup already has secured an $8.7 million government defense contract.

Spinning off deep tech

Aalyria becomes just the latest spinoff from Google and its parent, . Other examples include self-driving technology firm and augmented reality developer .

Spinning off such tech allows Google to retain an ownership stake in what could become extremely valuable IP, while also allowing those research projects to seek outside funding and not be solely dependent on Google.

That is especially important in today鈥檚 market, where many companies are tightening their belts and cutting down on R&D expenditures as the stock market remains rocky. While it鈥檚 unclear how long Aalyria鈥檚 tech has been in development at Google, it seems logical to think it has been being developed for a while and has not been inexpensive.

Just on Friday, another Google spinoff announced a significant raise. South San Francisco-based raised $1 billion from Alphabet itself. Alphabet spun off what would become Verily鈥攚hich introduced a COVID-19 testing program in 2020鈥攁s its own independent subsidiary in 2015. Google and Alphabet have been active health care investors鈥攅specially recently.

Illustration: Dom Guzman