Cowave, a broadband satellite communication solution provider company, has recently closed its Series A financing round led by Neovision Capital, with participation from Zhibo Investment and Nanjing Innovation Capital Group.
The company’s existing investors include CAS Star and ChinaLink Capital.
Proceeds from this round of financing will be mainly used for the research and development of the latest satellite communication technology, and the upgrade and transformation of GEO and LEO ground systems, on-planet payloads and other product lines of Cowave.
Founded in June 2017, Cowave is a technology manufacturing company of satellite communication products that provides user system level satellite solutions. The company’s products are used in fields including emergency, education, firefighting and internet.
Cowave’s R&D department accounts for 56% of its team, and more than 30% of the staff have doctoral and master's degrees in communication electronics and computer science. The company holds over 40 related invention patents.