Xona Space Systems announced Thursday it closed an oversubscribed $170 million Series C funding round to speed deployment of its Pulsar satellite constellation and scale manufacturing.
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 capital will fund rapid satellite production at the company’s new factory in Burlingame, Calif., and support global expansion, including team growth in Montreal and London, the company said.
Xona’s Pulsar service broadcasts from low-Earth orbit satellites flying 20 times closer to Earth than traditional GPS, delivering signals 100 times stronger with military-grade encryption, the company said. It provides centimeter-level accuracy and resilience against jamming and spoofing while remaining compatible with existing GPS receivers, requiring no new hardware.
Co-founder and CEO Brian Manning said the funding validates strong market demand for navigation infrastructure suited to the era of physical AI, precision agriculture and advanced defense applications. “GPS has been foundational to modern life, but it was designed for a different era,” he said. “This funding validates that the market is ready, the demand exists, and Xona is ready to deliver.”
Investor Jay Zaveri of Mohari Ventures highlighted Pulsar’s advantages over legacy GNSS systems, noting that American farmers currently rely on Russian and Chinese satellites because GPS signals are too weak and vulnerable.
Early Pulsar commercial coverage is expected as soon as 2027, with the full 258-satellite constellation targeted for rapid deployment through modern manufacturing that aims to produce more satellites per week than the U.S. government currently builds in a year.
