Yuxing Raises Nearly RMB 2 Billion in Series D Funding, Serves 684 Satellites
Yuxing, a commercial space tracking, telemetry and command (TT&C) and in-orbit services provider, has completed its Series D, D+ and D++ financing rounds, raising cumulative proceeds of nearly RMB 2 billion. The rounds drew participation from Sequoia China, Qianhai Fangzhou, China Unicom Strategic Emerging, Zijin Mining, China Insurance Investment, SAIC Group, Wuliangye and others. The company has built a global satellite ground station network of more than 60 stations, and has cumulatively served 684 satellites and rockets.
Yuxing, a commercial space TT&C and in-orbit services provider, recently announced the completion of its Series D, D+ and D++ financing rounds, with cumulative proceeds of nearly RMB 2 billion. The rounds were backed by multiple institutions, including Sequoia China, Qianhai Fangzhou, China Unicom Strategic Emerging, Zijin Mining, China Insurance Investment, SAIC Group, Wuliangye, Ninestar, Puhua Capital, Xiaomiao Langcheng, Saina Capital, Hua'an Jiaye and Jinyan Capital.
To date, Yuxing has built a global satellite ground station network comprising more than 60 stations, together with an integrated calibration field, and has cumulatively served 684 satellites and rockets.
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