Xona, the company pioneering a new era of satellite navigation, has announced $92 million in new funding, bringing its total capital raised to $150 million. The latest Series B round was led by Craft Ventures and included participation from Stellar Ventures, Seraphim Ventures, Toyota Ventures, First Spark, Industrious Ventures, Future Ventures, and NGP Capital. Additionally, Xona secured a $20 million non-dilutive award from SpaceWERX, the innovation division of the United States Space Force.
Revolutionizing GPS to Meet Today’s Needs
“GPS is one of the most important inventions of the modern world, but it was built for a different era,” said Brian Manning, Co-Founder and CEO of Xona. “Our mission at Xona is to rebuild the foundations of navigation and timing to meet today’s demands for accuracy, security, and resilience. With this funding, we’re accelerating from R&D to delivery at scale.”
In an increasingly connected world, GPS technology underpins critical applications far beyond navigation. It supports everything from ride-sharing and delivery logistics to aviation safety, precision agriculture, energy grid management, and global financial systems.
Introducing Pulsar: Next-Generation Navigation Constellation
Xona’s Pulsar constellation is engineered to deliver satellite navigation services that far exceed the capabilities of existing systems. Key features of the Pulsar satellites in Low Earth Orbit include:
-
100x stronger signals to penetrate environments where traditional GPS struggles, such as dense urban areas, forests, and even inside buildings.
-
Centimeter-level precision, paving the way for widespread adoption of autonomous vehicles, robotics, and advanced industrial applications.
-
Encrypted, authenticated signals that offer superior protection against spoofing and signal interference, addressing major security concerns of legacy systems.
The recent launch of Pulsar-0, Xona’s first production-class satellite, marked a significant milestone in the journey to deploy a full constellation of hundreds of satellites, which will enable commercial navigation services worldwide.
A Critical Infrastructure Upgrade for the Modern World
“Navigation and timing are invisible infrastructure—critical to everything from aviation and shipping to agriculture, finance, and autonomous systems,” Manning emphasized. “As we scale, we’re building a new layer of infrastructure to power the next generation of progress.”
Funding to Support Development, Manufacturing, and Team Expansion
The newly raised capital will accelerate the development and deployment of the Pulsar constellation, expand manufacturing capabilities, and grow Xona’s team across engineering, operations, customer success, and go-to-market functions. This investment will help the company meet rising global demands for precise, secure, and resilient navigation systems, solidifying Xona’s leadership in redefining satellite navigation.