TLDR:
- Xona raises $19 million Series A funding round led by Future Ventures and Seraphim Space
- Funding will be used to accelerate the deployment of Xona’s satellite network for high-precision navigation services
Xona, a company developing a network of small satellites for precision navigation services, has recently raised a $19 million Series A funding round. The funding, led by Future Ventures and Seraphim Space, will be used to accelerate the deployment of Xona’s low Earth orbit (LEO) satellite network as they move towards commercialization. The company plans to begin beta operations of their PULSAR satellite service, which aims to provide robust precision guidance for intelligent and autonomous technologies to scale beyond structured environments.
Xona’s PULSAR service offers significant improvements in accuracy, availability, and security compared to GPS, making it crucial for industries such as agriculture, automotive, and defense that are looking to transition to automation. The funding round was also joined by new investors NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq, indicating strong support for Xona’s innovative approach to satellite navigation.
The Xona team, comprised of experts from SpaceX, Ford, NASA, and Blue Origin, has made significant progress in satellite development, user equipment integration, and commercialization. With partnerships with US government agencies and industry giants like the US Space Force and Spirent, Xona is poised to revolutionize precision LEO navigation and commercial satellite navigation as a whole.
Overall, the Series A funding round signifies confidence in Xona’s vision and capabilities to address the evolving needs of industries reliant on precise navigation services in the age of automation and AI.
