COMMSAT is a leading private satellite technology company in China, offering low Earth orbit (LEO) commercial satellite products and services. Founded in 2015, the company specializes in Satellite-as-a-Service, including LEO satellite manufacturing, in-orbit delivery, constellation design, satellite terminal applications, and space science education systems. As a pioneer in the private sector, COMMSAT operates eight LEO satellites and is developing new models to meet client demands for enhanced telecommunication speed, navigation precision, and remote sensing quality from space. The company is currently constructing the first-ever private satellite manufacturing facility in China, with an annual capacity of 100 LEO satellites. Its business locations span across China, including Beijing, Shanghai, Tangshan, Chengdu, Yibin, and Guangzhou.
The latest investment, a Venture Round investment, was secured on 03 February 2021. The China Internet Investment Fund is the latest investor, highlighting the company's strong local investor support. With its commitment to advancing space technology and infrastructure, COMMSAT is poised to have a significant impact on the satellite industry, serving enterprises and governments with innovative satellite solutions.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | Unknown | 1 | 03 Feb 2021 | |
Series B | CNY270.00M | 2 | Beijing Wealth Capital, AVIC Capital | 14 May 2020 |
Series A | CNY100.00M | 3 | Junzi Capital Engineering, China COSCO SHIPPING | 30 Nov 2018 |
Series A | $16.00M | 4 | Qixi Capital, Junzi Capital Engineering | 07 Feb 2018 |
Seed Round | Unknown | 3 | Shangyuan Capital, Sanxia Jinshi Investment Fund +1 | 02 Mar 2017 |
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