Xingchen Daohe raises nearly ¥100 million for space-traffic monitoring
The financing will support its Guanlan sensing constellation and engineering team.
Xingchen Daohe has completed financing of nearly ¥100 million to develop and deploy its Guanlan space-awareness constellation. The Beijing company announced the funding through a July 22 report by investment publication Pedaily.
The investor group includes Beihang Tianhui Incubator, Zhenghan Capital, TusStar Venture Capital, Yarong Venture Capital, Yunhui Capital, Xinhai Capital and Changsha Chengfa’s Lingxin Fund.
The company develops space-based sensing and software to catalogue objects in orbit, track targets and warn satellite operators about collision risks. The funding will support satellite development and deployment, along with recruitment in engineering and related technical fields.
Use of funds
Develop and deploy Guanlan space-awareness constellation
Expand engineering team