Commercial satellite measurement & control enterprise SatelliteHerd closes Series A+ round, raises tens of millions of yuan

Chinese commercial satellite measurement and control company SatelliteHerd announced the completion of its Series A+ round of financing, led by Shanghai Dahua Capital, raising tens of millions of yuan.
Proceeds from this round of financing will be mainly used for the construction of overseas satellite measurement and control stations and the construction of satellite measurement and control clou

Chinese commercial satellite measurement and control company SatelliteHerd announced the completion of its Series A+ round of financing, led by Shanghai Dahua Capital, raising tens of millions of yuan.

Proceeds from this round of financing will be mainly used for the construction of overseas satellite measurement and control stations and the construction of satellite measurement and control cloud platform.

Established in 2016, SatelliteHerd is a provider of commercial satellite measurement and control communication services.

The company specializes in offering a wide range of civilian satellite control services including ground station construction, satellite communication equipment development, satellite measurement, control system software development and satellite measurement and control, providing commercial satellite enterprises with cost-effective satellite management services.

SatelliteHerd has served 44 satellites, and the contract value and operating income growth rates in the first quarter of 2020 both exceeded 100%.

On the other hand, the company’s measurement and control network equipment has realized automated operation.

During the covid-19 pandemic, it carried out remote backups of all mission cycles of the 20 satellites under long-term management, and further ensured the normal operation of the satellites.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/04/commercial-satellite-measurement-control-enterprise-satelliteherd-closes-series-a-round-raises-tens-of-millions-of-yuan/.

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