Xona raises $19M in Series A funding led by Future Ventures and Seraphim Space to deploy satellite network for precision navigation services.

May 08, 2024•over 1 year ago

Amount Raised

$19 Million

Round Type

series a

BurlingameAerospace

Investors

AloniqSpace CapitalMurata ElectronicsIndustrious VenturesNgp CapitalSeraphim SpaceSteve Jurvetson's Future Ventures

Description

Xona, a space tech startup, has raised an oversubscribed $19 million Series A funding round to accelerate the deployment of their low Earth orbit (LEO) satellite network for providing robust precision guidance for intelligent and autonomous technologies beyond highly structured environments.

Company Information

Company

Xona Space Systems

Location

Burlingame, California, United States

About

Xona Space Systems is developing an independent high-performance satellite navigation and timing system to meet the needs of intelligent systems. Delivered via a secure, high-power signal from Xona's low Earth orbit satellites, the patent-pending PULSAR™ service aims to enable the next wave of automated technology. Learn more at www.xonaspace.com or follow Xona Space Systems on X @XonaSpace.

Related People

3 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends