Xona raises $170 million for satellite navigation network

Xona raises $170 million for satellite navigation network

The company is scaling up production as it looks to build a 258-satellite network to provide positioning, navigation and timing services The post Xona raises $170 million for satellite navigation network appeared first on SpaceNews.

Xona Space Systems Raises $170M Series C to Scale Private GPS

Xona Space Systems, the CA-based startup building a commercial GPS alternative, is entering its scale-up phase. The company announced a $170M Series C yesterday in its aim to accelerate the deployment of its Pulsar GPS constellation, and meet the rising need for highly-precise, unhackable PNT signals around the globe. Mohari Ventures and Natural Capital led the round, which included additional support from Craft Ventures, ICONIQ, Woven Capital, …

Satellite navigation startup Xona Space nabs $170M investment

Xona Space Systems Inc., a startup working to build a more reliable alternative to GPS, today announced that it has raised $170 million in funding. The Series C round was led by Mohari Ventures Natural Capital. Samsung Next, ICONIQ and a number of other institutional backers contributed as well. GPS trackers rely on signals from […] The post Satellite navigation startup Xona Space nabs $170M investment appeared first on SiliconANGLE.