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Meesho closes $275 million funding in first tranche, in talks for more
Ecommerce firm Meesho has closed a $275 million funding round through a mix of primary and secondary share sales, two people aware of the matter said.A regulatory filing with the US Securities and Exchange Commission (SEC) also indicated share transfer at Meesho’s US parent firm without offering further details.This marks the first tranche of a larger financing round of $600 million that the Bengaluru-based company, which competes with Amazon India and Flipkart, is aiming to close, according to...
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Unjammable quantum navigation tech gets first airborne test in UK
The test comes amid concern about the vulnerability of satellite navigation systems to blocking.
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UK completes world's first flights for quantum navigation that could replace GPS
A British consortium with funding from the UK government has successfully tested what it calls “un-jammable” quantum navigation tech in flight. Geopolitical tensions and warfare have introduced GPS jamming as a means of messing with enemy communication and navigation. This can cause disturbances for both military and civilian transportation and location services. The quantum-based navigation system is called Positioning, Navigation, and Timing (PNT). Its developers are quantum technology...