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In a bid to solve the looming traffic jam in low-Earth orbit, Xi’an-based CasSpace Star (Zhongke Tianta) announced it has closed a nearly RMB100 million (US$14 million) Series A+ funding round. The investment, led by Shaanxi Wenrun Material Intelligence Venture Capital, marks a strategic pivot for the company as it transitions from a pure-play software provider into a vertically integrated “hardware-plus-software” powerhouse. The fresh capital is earmarked for the mass production of laser communication terminals and the upgrading of the industry’s first specialized AI large language model designed for satellite management. Born out of the prestigious Xi’an Institute of Optics…
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