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QOSMIC, a Bengaluru-based deep-tech company building optical communication infrastructure for space, said on Wednesday that it raised USD 3.33 million in a seed funding round. The funding will accelerate the company's work to build the data layer of the space economy, the network that carries information between satellites, orbital data centres, and the ground network. In a statement, Shreyaans Jain, co-founder and CEO of the company, said, "The next decade of the space economy will be defined by data. Satellites are becoming exponentially more capable, but the infrastructure connecting them to Earth has not kept pace." "We believe optical communications will become as fundamental to space infrastructure as fibre optics became to the internet. This funding enables us to accelerate that transition and build the connectivity layer that the next generation of space applications will rely on," he added. Founded in 2025, QOSMIC is building laser-based communication systems that enable .
The Asian Development Bank has offered financial assistance to the West Bengal government for developing infrastructure to support industrial growth in the state, a senior official at the state secretariat said on Wednesday. The proposal came when an Asian Development Bank (ADB) delegation met a top bureaucrat at the Chief Minister's Office on Tuesday, a day after the state budget was presented, he said. "ADB has indicated its willingness to support the state in building economic regions that can improve industrial connectivity, logistics and urban infrastructure. Discussions are at a preliminary stage, but the proposals are significant," a senior bureaucrat at Nabanna told PTI. It has expressed interest in extending loans for a range of infrastructure projects, including the development of City Economic Regions (CERs), logistics hubs and tourism-related facilities in the state, he said. ADB has proposed the creation of two City Economic Regions in West Bengal. One would cover ...