Participated · Equity · Dec 2020

Chang Guang Satellite operates the Jilin‑1 commercial remote‑sensing constellation and manufactures satellites at industrial scale. The company has completed 30 successful launches and reports 161 Jilin‑1 satellites in orbit, claiming the world’s largest commercial sub‑meter remote‑sensing constellation. It supplies satellite imagery and derived data used in agriculture, forestry, water resources, environmental protection and financial services. Chang Guang also works on communications satellite infrastructure and reports an annual production capacity of up to 200 communications satellites, plus involvement in a 5G NTN smartphone video‑call demonstration. The recent equity raise of nearly ¥5 billion is intended to scale serial production, expand the constellation and grow data applications and services.

Participated · Series C · Aug 2019

Terminus Group leverages artificial intelligence (AI) and the Internet of Things (IoT) to provide smart city solutions. The company’s core offerings are AIoT-based smart city solutions. Terminus completed a Series D financing of 2 billion yuan (about $276.4 million). The Series D was co-led by AL Capital, a single-family office backed by Australian luxury property developer Aqualand Group. The article does not disclose additional investors, operating metrics, or the intended use of proceeds. 特斯联 is positioned as a leading Chinese digital-economy and city AIoT pioneer that uses AI+IoT as its core technical architecture and operates the TacOS ubiquitous intelligent city operating system. The company emphasizes R&D scale and talent—it counts three IEEE Fellows, nearly 100 PhDs, senior R&D staff making up over 60% of personnel, and holds more than 1,600 technology patents. 特斯联 has participated in over 20 domestic and international industry standards, won 170+ awards, been listed in Gartner reports six consecutive times, and has deployed solutions in more than 100 cities with nearly 10,000 projects of experience. It has delivered large-scale deployments internationally, including work tied to Expo 2020 Dubai (providing 150+ intelligent service robots) and projects in countries along the Belt and Road such as the UAE, Bahrain, Uzbekistan, Kenya, Singapore and Malaysia. Recent financing from a municipal state-owned investor is intended to support further product and model R&D and wider global rollout. The company plans to deepen AI CITY applications worldwide, iterate TacOS and multimodal AIoT large models, and accelerate use of AIoT to help achieve "dual‑carbon" goals and intelligent upgrades in the energy sector. Terminus Technologies is an AI and Internet of Things (IoT) platform operator that provides smart city solutions, selling smart devices and edge computing servers. Its offerings include face-scanning locks for homes, smart access controls for office buildings, automated fire-control systems and energy-management technologies for communities. The company serves corporate clients such as Huawei and Intel, real estate developers including Poly and Greenland, and eight local governments including Beijing, Shanghai, Tianjin and Chongqing. Terminus said its revenue increased 200% each year on average since it was set up in November 2015, though it did not disclose detailed financials. The company announced it raised RMB 2 billion (USD 283 million) in a Series C1 equity round and said the new funds will be used to hire talents and to develop its core business. Terminus did not reveal its current valuation. Terminus is a Chinese Internet of Things (IoT) company. The company secured a RMB1.2 billion Series B financing (about $172.7 million). The round was led by China Everbright, IDG Capital and Shangtang Technology (SenseTime). The article does not disclose additional deal terms, use of proceeds, revenue, user metrics, or future plans. No prior rounds, founding year, or detailed headquarters information are mentioned in the article. Coverage is limited to the funding announcement and the named investors.