Xona
About
About Xona
Xona develops commercial positioning, navigation and timing infrastructure for autonomous vehicles, robots, drones and critical systems. Founded in 2019, the company is building Pulsar, a low Earth orbit satellite network designed to provide precise location and trusted timing alongside existing navigation services. Its architecture combines software-defined spacecraft, navigation signals and ground systems. Compatible commercial receivers can access the signals through software upgrades, reducing the need for users to replace navigation hardware.
The company manufactures and integrates spacecraft in Burlingame, California, and also operates in Montreal. Its Pulsar-0 demonstration satellite established an on-orbit testing programme; Xona reports more than 500 transmissions and positioning accuracy better than two centimetres in its tests. Six additional satellites launched in October 2026, with four intended to begin customer service in 2027. Xona is scaling manufacturing and network operations toward broader coverage; its planned constellation remains distinct from the satellites already launched.
Funding
- 2026-10-22 - Series D - $250M - Xona raises $250M Series D at $2.45B valuation
valuation: $2.45B - Xona raised $250 million in a Series D led by Future Ventures to expand manufacturing, deploy its Pulsar navigation network and scale service operations. - source: xonaspace.com
- 2026-03-26 - Series C - $170M - Xona secures $170M in Mohari-led Series C for Pulsar scale-up
Xona raised $170 million in Series C financing led by Mohari Ventures Natural Capital to expand satellite production and deployment of the Pulsar navigation constellation. - source: xonaspace.com
Investors
- Craft Ventures - Participant - VC - 1 funding event - first seen 2026-03-26
- Future Ventures - Lead - VC - 1 funding event - first seen 2026-10-22
- Hexagon - Participant - Unknown - 1 funding event - first seen 2026-03-26
- ICONIQ - Participant - Unknown - 1 funding event - first seen 2026-03-26
- Mohari Ventures Natural Capital - Lead - VC - 1 funding event - first seen 2026-03-26
- NGP Capital - Participant - VC - 1 funding event - first seen 2026-03-26
- Samsung Next - Participant - Corporate / CVC - 1 funding event - strategic/corporate - first seen 2026-03-26
- Woven Capital - Participant - VC - 1 funding event - first seen 2026-03-26
Timeline
Events
- 2026-10-22 - Funding - Xona raises $250M Series D at $2.45B valuation
Total capital raised now exceeds $570 million. Four of the six additional Pulsar satellites sent to orbit earlier in the week are intended to begin customer service in 2027. Two of the additional spacecraft were designed and manufactured entirely in-house in Burlingame.
Source - 2026-04-09 - Facility Opening - Xona opens Burlingame satellite manufacturing facility
The factory was supported by the recently closed $170 million Series C. The company plans to produce and deploy more than 250 satellites over five years. Montreal operations are also expanding as Xona builds manufacturing and network capacity.
Source - 2026-03-26 - Funding - Xona secures $170M in Mohari-led Series C for Pulsar scale-up
Participants include Craft Ventures, ICONIQ, Woven Capital, NGP Capital, Samsung Next and Hexagon. The new Burlingame factory supports production spacecraft for the navigation service. More than a dozen commercial receiver partners were already tracking Pulsar signals during field testing.
Source