Xona Space Systems recently announced a $92 million Series B funding round to support the launch and expansion of its Pulsar low‑Earth orbit position, navigation and timing (PNT) satellite constellation. The round, led by Craft Ventures with participation from Stellar Ventures, Seraphim Ventures, Toyota Ventures and SpaceWERX, brings Xona’s total funding to more than $150 million.
Xona, which hopes to offer an “unhackable” alternative to GPS, will deploy hundreds of Pulsar satellites in LEO. The satellites, 326 miles above the planet, will operate 40 times closer than conventional GPS satellites. The company says this close proximity produces signals that are roughly 100 times stronger, making them more resistant to jamming, interference and spoofing, while delivering centimeter-level accuracy.
The company recently launched Pulsar-0, its first production-class satellite. “Navigation and timing are invisible infrastructure—critical to everything from aviation and shipping to agriculture, finance, and autonomous systems,” said Brian Manning, Xona’s co-founder and CEO, in a statement. “As we scale, we’re building a new layer of infrastructure to power the next generation of progress.”
The company said the new capital will fuel increased manufacturing capacity and team expansion it transitions to large-scale deployment. The company also believes that early adapters will include companies in the agriculture, logistics, robotics, defense and autonomous transportation sectors.
The round also included a $20 million non-dilutive Strategic Funding Increase award from the U.S. Space Force’s SpaceWERX initiative.
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