New Unannounced Funding Adds $92 Million to Xona Space Systems Coffers
Includes Series B Round Led by Craft Ventures
A total of $92 million in new unannounced funding has been unveiled by Xona Space Systems. The total includes our Series B round led by Craft Ventures, with participation from existing investors including Stellar Ventures, Seraphim Ventures, Toyota Ventures, First Spark, Industrious Ventures, Future Ventures, and NGP Capital. Sky Dayton of Craft Ventures will join Xona’s board.
In a post on the Xona website, Xona co-founder and CEO Brian Manning said that the new capital infusion brings Xona’s total funding to date to over $150 million.
Manning says that Xona has a vision of making satellite navigation dramatically more accurate, secure, and available. That means rebuilding it from the ground up in Low Earth Orbit. Recently, the company made important progress towards that goal with the launch of Pulsar-0, the first production-class satellite in our Low Earth Orbit constellation that it says will bring unmatched accuracy and affordable resiliency to industries across defense, construction, agriculture, mining, critical infrastructure, IoT, mass mobile, logistics, and automotive—and that’s just the start.
Pulsar is described as the next generation of location and time. It’s the first commercial navigation service of its kind, featuring:
100x signal strength brings coverage where today’s GPS fails – underneath dense foliage, in GPS jammed environments, and even into trucks, warehouses, and many buildings.
Centimeter-level precision reliably delivers the native accuracy to enable the mass adoption of autonomy and robotics to the general public
Encrypted, authenticated signals resilient to spoofing and intentional interference withstand modern threats becoming commonplace in contested regions
Low Earth Orbit architecture delivers unmatched performance and multipath resistance in challenging environments like urban canyons.
In 2022, Xona proved that a new model for positioning, navigation, and timing was possible with Huginn, the world’s first commercial navigation satellite in Low Earth Orbit. In 2026, we’ll begin launching our first batch of production-operational satellites that will enable service with our earliest customers.
Now the production schedule will be accelerated. bringing more satellites online, onboarding early customers, and accelerating our manufacturing capacity to support our full constellation with hundreds of satellites in orbit over the next few years, Manning said.