The iFlytek-backed round looks set to be the last for the satellite imaging technology producer before a planned initial public offering.
China-headquartered satellite developer Chang Guang Satellite Technology completed a RMB2.46bn ($375m) financing round today featuring artificial intelligence technology producer iFlytek, DealStreetAsia reported.
Haitong Securities affiliate Haitong Innovation Capital Management, Shenzhen Capital Group, Estar Capital, CICC Capital, Matrix Partners China, Shanda Capital, CAS Star and a government-guided fund from Jilin Province also took part in the round.
Chang Guang is building out a 60-strong satellite constellation called Jilin-1 that will use remote sensors to capture high-definition videos and optical and hyperspectral…