Series D · Space tech
Xona raises $250m Series D to deploy Pulsar navigation network
Future Ventures leads the financing at a $2.45bn valuation.
Xona announced a $250 million Series D on October 22, led by Future Ventures at a $2.45 billion valuation. The round brings its total funding to more than $570 million.
The company will expand satellite manufacturing, deploy additional spacecraft and build the operating systems for its Pulsar navigation service. Its low Earth orbit network aims to provide precise positioning and timing for infrastructure and autonomous machines. The financing follows a separate $170 million Series C in March.
Use of funds
Scale satellite manufacturing and deploy the Pulsar navigation network
Expand global service operations