A $19 million Series A fundraising round was secured by Burlingame, California-based Xona Space Systems, which is building a network of tiny satellites to deliver high-precision navigation services.
Investors
- Future Ventures
- Seraphim Space
- NGP Capital
- Industrious Ventures
- Space Capital
- Murata Electronics
- Aloniq
Use of funds
The business plans to utilize the money to get its low Earth orbit (LEO) satellite network closer to deployment in order to expedite the process of being commercial.
With the help of this round, Xona will start beta testing its PULSARTM satellite service, which aims to provide intelligent and autonomous technologies the precise direction they need to grow beyond highly organized surroundings.
PULSARTM offers orders of magnitude increases in accuracy, availability, and security over GPS, which are essential for safeguarding critical national infrastructure and enabling autonomous systems in the future.
While big industries like defense, automotive, and agriculture are keen to automate, unstructured settings and poor GPS performance continue to be major obstacles.
These devices can now go beyond their present limitations thanks to Xona’s PULSARTM technology, which assures them of their position to within a few millimeters even if they have never functioned there before.
About Xona
Xona Space Systems is creating an autonomous, high-performance satellite navigation and timing system under the direction of its co-founder and CEO, Brian Manning, to fulfill the demands of intelligent systems. The patent-pending PULSARTM service, which is provided by Xona’s low-Earth orbit satellites via a secure, high-power transmission, intends to pave the way for the upcoming autonomous technological revolution.
