China’s Satellite Technology Company Ally Star Raised Hundreds of Millions of Yuan in a Series A Round Funding Led by CMB International

China’s satellite technology company Ally Star raised hundreds of millions of yuan in a series A round funding led by CMB International, and followed by Zhongdian Zhongjin , Gree Financial Investment, and AVIC Capital. The investment will be used to develop controllable Beidou satellite navigation chips.

Established in 2016, Ally Star is committed to providing navigation positioning chips, algorithm, and self development, R&D, sales of products. Its targets consumption electronic market and automobile, IoT and other specific end markets to provide chip solutions.