Xona Raises $250M to Scale Commercial GPS Satellite Network
Xona Raises $250M in Series D Funding Xona has raised $250 million in Series D equity funding to expand its commercial satellite navigation network. Future Ventures led the round, bringing The post Xona Raises $250M to Scale Commercial GPS Satellite Network appeared first on Ventureburn .
Xona has secured $250 million in Series D funding to expand its commercial GPS satellite network. The Burlingame-based company, founded in 2019, is developing navigation infrastructure in low Earth orbit with its Pulsar platform. Led by Future Ventures and supported by existing investors, the financing has valued Xona at $2.45 billion.
The new capital will be used for service delivery, operational expansion, and satellite production. CEO Brian Manning stated that the company is shifting from technology development to commercial deployment. Xona already has satellites in orbit and customers integrating Pulsar firmware into their devices. The aim of Pulsar is to provide centimetre-level precision and greater robustness compared to traditional GPS, as its signals are up to 100 times more powerful and can resist jamming and spoofing.
These features make Pulsar potentially valuable for autonomous vehicles, robotics, aviation, and critical infrastructure. The company plans to manufacture 50 satellites annually by the end of 2027, aiming for a constellation of around 258 spacecraft. This deployment marks a move towards a larger commercial constellation.
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