Xona, a commercial space company focused on positioning, navigation, and timing infrastructure, announced it has raised $170 million in an oversubscribed Series C funding round to accelerate deployment of its satellite constellation and scale manufacturing operations. The round was led by Mohari Ventures Natural Capital with participation from Craft Ventures, ICONIQ, Woven Capital, NGP Capital, Samsung Next, Hexagon, and additional new and existing investors.
The funding will support expansion of Xona’s satellite manufacturing capabilities at its new facility in Burlingame, California, and advance deployment of its Pulsar navigation service. The company is developing a Low Earth Orbit satellite constellation designed to deliver stronger, more resilient signals than traditional GPS, while remaining compatible with existing devices.
Xona’s Pulsar system aims to address growing vulnerabilities in legacy GPS infrastructure, including susceptibility to jamming, spoofing, and signal disruption. The company said its satellites operate closer to Earth, enabling stronger signals and improved accuracy for applications such as autonomous systems, precision agriculture, defense, and critical infrastructure.
The announcement comes as global demand for more secure and reliable navigation systems increases, particularly amid rising geopolitical tensions and GPS interference in key regions such as the Strait of Hormuz. The company highlighted that GPS underpins essential systems, including telecommunications, financial networks, and emergency response, yet modernization efforts have lagged behind evolving threats.
Xona said its commercial manufacturing model will enable rapid production and deployment of satellites at significantly lower cost than traditional aerospace approaches. At full scale, the company expects to manufacture satellites at a pace that exceeds current U.S. production levels, allowing it to deploy its planned 258-satellite constellation within a few years.
In addition to its U.S. operations, Xona is expanding internationally, including growing its presence in Montreal and London while forming partnerships across Asia-Pacific and Europe. The company is also working with commercial receiver partners already testing Pulsar signals across industries such as construction, agriculture, and IoT, with early customer deployments expected as soon as 2027.
KEY QUOTES:
“GPS has been foundational to modern life, but it was designed for a different era. Every 30 years brings a fundamental shift in how we interact with the real world, and we’re squarely in the era of physical AI, precision agriculture, next-generation defense capabilities, and more. Those technologies are here today, and the world needs navigation infrastructure that can actually deliver the precision and resilience these applications demand. This funding validates that the market is ready, the demand exists, and Xona is ready to deliver.”
Brian Manning, Co-founder And CEO Of Xona
“GPS was designed 50 years ago, and the world has outgrown it. Signals are weak, unencrypted, easily jammed. American farmers literally use Russian and Chinese satellites because GPS isn’t enough. Xona’s Pulsar satellites fly 20 times closer to Earth and deliver signals 100 times stronger, bringing centimeter accuracy with no new hardware required. The problem is urgent, and they’ve proven they can execute at the speed and scale this moment demands.”
Jay Zaveri, Founder And Partner At Natural Capital And Strategic Partner To Mohari Ventures
“Industries that rely on positioning technology are pushing far beyond what legacy GNSS systems were designed to support. From automated construction equipment to precision agriculture, the next wave of automation depends on resilient centimeter-level positioning everywhere work happens. Pulsar’s stronger signals and advanced signal architecture will unlock new levels of reliability in challenging environments, and we’re excited to work with Xona to bring those capabilities to our customers.”
Gordon Dale, President, Autonomous Solutions At Hexagon
“This factory is how we move from proof-of-concept to active global infrastructure. We’ve already demonstrated how the technology works, now it’s about manufacturing and deploying our constellation faster than anyone thought possible. The Bay Area has always been where impossible timelines become reality, and that’s exactly what we’re doing here: building American-made positioning infrastructure bringing revolutionary capability at the speed of commercial innovation.”
Brian Manning, Co-founder And CEO Of Xona
