Xingyao Guangyu raises hundreds of millions of yuan in space-tech round

What's the deal? Chinese commercial space startup Xingyao Guangyu Technology has raised a strategic funding round worth several hundred million yuan. Jinpu Intelligent led the round, with Soochow Innovation Capital, Zhongxing Capital, Huiyan Capital, Zhongnuo Venture Capital, Neijiang Hi-Tech Venture Capital, Zhongjie Future Shining, and Boquan CapitalDealroom has a profile for this one. Try Dealroom → joining.

What's the endgame? Xingyao Guangyu develops and manufactures satellite-borne infrared remote-sensing equipment and space laser communication terminals. Its product range spans infrared optical remote-sensing imaging devices and space laser communication terminals.

Why now? The raise lands as a quick re-raise, with the company returning to the market at pace to fund its hardware development.

The signal: The round underscores continued investor appetite for China's commercial space sector, where satellite imaging and laser communication are drawing strategic capital.

Read more: ITjuzi

Image credit: NASA Goddard Photo and Video