What does Xona do?
Xona develops advanced satellite navigation solutions, including Pulsar, a commercial navigation service operating in low earth orbit.
How much did they raise?
The company raised $92M in funding, with the round led by Craft Ventures and participation from investors such as Stellar Ventures, Seraphim Ventures, Toyota Ventures, First Spark, Industrious Ventures, Future Ventures, and NGP Capital. The round is classified as an unknown series.
What are their plans for the money?
Xona intends to use the funds to expand its operations and accelerate the development of its satellite navigation technologies, potentially enhancing the capabilities and market reach of its Pulsar service.
What have they achieved so far?
The company has made notable progress with the development of its Pulsar service and securing a $20M non-dilutive award from SpaceWERX, affirming its innovative approach in the satellite navigation space.
