Technology Author: Qasim Khan Editor: 张宇喆 Oct 08, 2021 01:20 PM (GMT+8)

Peak Valley Capital, Orient Securities and Tianda Haitang Fund joined the round, along with previous backers Future Capital and Yinxinggu Capital.

satellite

The Beijing-based commercial space technology firm, which has completed five rounds of funding, will be investing the capital raised in new technology innovation R&D and satellite ground stations.

The company was founded in 2016 with its main business being to provide infrastructure construction and operation services for the global commercial aerospace industry. It provides users with solutions for integrated spacecraft on-orbit management and aerospace data application, including satellite frequency coordination and launch license application, integrated satellite measurement, operation control and data transmission solution, satellite life cycle space security service and remote sensing satellite calibration service.

According to the firm, it has built and obtained the radio license of China's first commercial satellite TT&C station. It has also established China's first third-party commercial satellite measurement and control network.

In addition, Satelliteherd has built nearly 50 sets of ground stations and more than a dozen sets of cooperative ground stations, covering all parts of Europe, Asia, South America and Africa. 

From 2015 to 2019, the scale of China's commercial aerospace market showed an overall growth trend, year-by-year. In 2019, the scale of China's commercial aerospace market was CNY 836.23 billion, a year-on-year increase of 23.5%. According to relevant research and calculation from Guotai Junan Securities, the number of domestic LEO satellites is expected to reach the level of 3000-6000 in the next 10 years.

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