Xona, a Burlingame, CA-based commercial space company developing solutions for global positioning, navigation, and timing (PNT) infrastructure, has raised $170 million in a Series C funding round led by Mohari Ventures Natural Capital.
The round also saw participation from Craft Ventures, ICONIQ, Woven Capital, NGP Capital, Samsung Next, Hexagon, and additional support from other new and existing investors.
The company plans to use the funds to speed up constellation deployment and improve its manufacturing processes.
Xona, a commercial space company developing next-generation global positioning, navigation, and timing (PNT) technology, is expanding its operations to support growth. Along with building manufacturing capacity in Burlingame, the company is growing its Montreal team to tap into Quebec’s aerospace and engineering talent and speed up deployment of its Pulsar system.
Globally, Xona is also expanding its London office to serve European demand and partnering with Furuno in Japan, and Topcon worldwide to reach Asia Pacific markets, showing how advanced navigation technology can support secure, and reliable applications worldwide.
The latest funding will support satellite manufacturing at Xona’s Burlingame facility, strengthening the Bay Area’s role in advanced technology. By using a modern, vertically integrated approach, Xona plans to build and deploy its full 258-satellite Pulsar constellation within a few years—something not possible with traditional aerospace methods in terms of time and cost.
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GPS interference in places like the Strait of Hormuz has shown how vulnerable this system is, putting ships carrying global energy and trade at risk. At the same time, countries like China are rapidly building their own satellite navigation systems, raising concerns that the U.S. could lose its leadership in this area.
GPS supports many parts of daily life, including power grids, telecom, finance, and emergency services, but it is becoming more exposed to jamming and disruptions. Efforts to improve it have been slow and costly, according to government reports.
In contrast, Xona’s commercial approach focuses on fast and efficient production. The company aims to build more satellites each week than the U.S. currently produces in a year, and deploy its full system at a much lower cost. This allows for quicker updates, lower expenses, and better scalability for modern needs.
GPS was created 50 years ago, and today it no longer meets modern needs. Its signals are weak, unencrypted, and easy to jam—even U.S. farmers sometimes rely on foreign systems,” said Jay Zaveri. “Xona’s Pulsar satellites operate much closer to Earth and provide much stronger signals, offering high accuracy without needing new hardware. The need for this solution is urgent, and Xona has shown it can deliver at scale.”
“Industries using positioning technology are pushing beyond what older systems can handle,” said Gordon Dale of Hexagon. “From automated machines to precision farming, the future depends on reliable high accuracy positioning. Pulsar’s stronger signalsm, and advanced design will improve reliability, and we are excited to bring these benefits to customers with Xona.”
“This factory marks our move from testing to building real global infrastructure,” said Brian Manning. “We’ve proven the technology works—now the focus is on manufacturing and deploying our satellite network faster than expected. The Bay Area is known for turning ambitious ideas into reality, and we’re doing exactly that by creating U.S.-made positioning technology at the speed of modern innovation.”
“GPS has been foundational to modern life, but it was designed for a different era,” said Brian Manning, Co-founder and CEO of Xona. “Every 30 years brings a fundamental shift in how we interact with the real world, and we’re squarely in the era of physical AI, precision agriculture, next-generation defence capabilities, and more. Those technologies are here today and the world needs navigation infrastructure that can actually deliver the precision and resilience these applications demand. This funding validates that the market is ready, the demand exists, and Xona is ready to deliver.”
Xona’s navigation service, Pulsar, is broadcast from Xona satellites in Low Earth Orbit with higher-power signals and military-grade encryption, all while remaining compatible with existing GPS devices. Over a dozen commercial receiver partners are already tracking Pulsar signals, with field testing underway across critical infrastructure, construction, agriculture, and IoT applications. Early customers in timing-critical sectors are expected to benefit from Pulsar coverage in the constellation’s early deployment phase as soon as 2027.
About Xona
Founded by Brian Manning, Tyler Reid, and Adrien Perkins, Xona is a navigation infrastructure company that delivers highly accurate positioning to any device anywhere on Earth. Through its Pulsar system, an advanced low Earth orbit satellite network, Xona provides precise navigation, stronger protection against jamming and spoofing, and more powerful signals for the billions of devices that rely on GPS today.
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