Tianjin Xunlian Technology Co., Ltd., a high-tech company, completed Series A+ financing round worth tens of millions of CNY, led by Landstone Capital, with participation by Hairui Investment and Hainan Hongyu.
Tianjin Xunlian Technology Co., Ltd. (Chinese:天津讯联科技有限公司), a high-tech company, completed Series A+ financing round worth tens of millions of CNY, led by Landstone Capital, with participation by Hairui Investment and Hainan Hongyu.
The funds will be mainly used for further product research and development and the promotion of the market commercialization process.
Founded in 2017, Xunlian Technology is a high-tech company focused on monitoring and communication and navigation equipment. The main business of Xunlian Technology is to provide equipment for uncrewed aerial vehicles, satellites and rockets in commercial aerospace and uncrewed systems.
Zhang Chunze, the founder of Xunlian Technology, said that the overall growth trend of the satellite is still apparent. Xunlian Technology has begun to expand its business into satellite payload and integrated electronics. In the future, Xunlian Technology will rely on partnerships with satellite companies to expand its business into satellite applications.
Xunlian Technology has developed a lot of core technology products and formed a whole series of monitoring and communication products. At the same time, it has created an advantage in cost control through industrial grade components redundancy backup and combined with the overall design and other ways to improve reliability.
Xunlian Technology's international competitors include Juniper Networks(US) and Trimble(US), and domestic ones include HGTX (002465.SZ, Chinese:海格通信), NavInfo(002405.SZ, Chinese:四维图新), and Vantone(600246.SH, Chinese:万通发展).