Xona’s team of founders. CEO and co-founder Brian Manning, center forward. Photo: Xona

Xona, a space startup in the satellite navigation arena, has raised a further $92 million in new capital in a Series B round. This was led by Craft Ventures and other investors including Stellar Ventures, Seraphim Ventures, Toyota Ventures, First Spark, Industrious Ventures, Future Ventures, and NGP Capital.

The company also received a $20 million non-dilutive award from SpaceWERX, the innovation arm of the United States Space Force. The company announced the new funding, June 26. It brings Xona’s total funding to more than $150 million.

Xona is building the Pulsar satellite constellation to deliver satellite navigation aiming to be more accurate, secure, and available than today’s systems. The company claims its Pulsar satellites in LEO will be able to 100 times signal strength to deliver coverage in GPS-challenged environments, including under dense foliage and inside buildings. Xona’s offering aims to provide centimeter-level precision to enable mass adoption of autonomy and robotics. Encrypted, authenticated signals aim to be resilient to spoofing and interference.

Xona recently launched Pulsar-0 on the Transporter-14 rideshare mission. Its first production-class satellite, built by Aerospacelab, is a step toward its plan to build a full constellation of hundreds of satellites that will provide commercial navigation services worldwide.

“GPS is one of the most important inventions of the modern world, but it was built for a different era. Our mission at Xona is to rebuild the foundations of navigation and timing to meet today’s demands for accuracy, security, and resilience. With this funding, we’re accelerating from R&D to delivery at scale. Navigation and timing are invisible infrastructure — critical to everything from aviation and shipping to agriculture, finance, and autonomous systems. As we scale, we’re building a new layer of infrastructure to power the next generation of progress,” Brian Manning, co-Founder and CEO of Xona, said in a statement.