The CAS Star-backed round looks set to be the last for the satellite imaging technology producer before a planned initial public offering.
Chang Guang Satellite Technology, a China-headquartered satellite developer, completed a RMB2.46bn ($375m) financing round today featuring CAS Star, a unit of Chinese Academy of Sciences, according to DealStreetAsia.
Artificial intelligence technology producer iFlytek also backed the round, as did Haitong Securities affiliate Haitong Innovation Capital Management, Shenzhen Capital Group, Estar Capital, CICC Capital, Matrix Partners China, Shanda Capital and a government-guided fund from Jilin Province.
Chang Guang is building out a 60-strong satellite constellation called Jilin-1 that will…
