QOSMIC Bags $3.3 Mn To Build Laser-Based Satellite Communication Systems

Spacetech startup QOSMIC has raised $3.3 Mn (about ₹31 Cr) in its seed funding round led by Accel and Prosus, with participation from South Park Commons, ARTPARK and angel investor Manish Jain. The Bengaluru-based startup plans to use the fresh capital to deploy operational optical ground stations and satellite communication terminals for global customers. A portion of the funds will also be used to scale its integration, testing and manufacturing capabilities and to hire talent across optical,