# Xona Space Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xona-space-systems

- Industry: Aerospace
- Headquarters: Burlingame, US
- Website: www.xonaspace.com
- Total disclosed funding: $290M
- Investors on record: 17

## About

Xona Space Systems, Inc. is a US-based company specializing in satellite positioning and navigation technology, offering innovative solutions for precise location data to various industries.Founded in 2019 in Burlingame, US, Xona Space Systems develops advanced satellite positioning systems. The company's key founders include Brian Manning, who also serves as CEO, and other partners. In March 2026, Xona Space Systems, Inc. raised USD 170 million in series C funding led by Natural Capital, with participation from ICONIQ Capital, Woven Capital Management Company, Samsung NEXT Ventures, Hexagon, Craft Ventures, and NGP Capital. Xona Space Systems primarily focuses on its Pulsar satellite positioning, navigation, and timing infrastructure, designed for low Earth orbit operations. Pulsar aims to provide real-time, centimeter-level positioning accuracy, surpassing traditional Global Navigation Satellite Systems (GNSS). This system utilizes a constellation of small satellites to deliver robust positioning data, especially in environments where GPS signals are weak, such as indoors or in urban canyons. Xona serves various sectors, including off-road industrial applications, national security, automotive, and IoT markets, with services marketed globally across North America, Europe, and Asia, targeting industries like civil construction and military operations.Xona Space Systems generates revenue through B2B partnerships and direct service offerings related to its Pulsar infrastructure. Clients typically engage through subscription-based models, granting access to advanced positioning data and SDKs for product integration. The pricing structure accommodates diverse service usage levels, allowing clients to choose plans that meet their operational needs. Industries such as automotive and national security benefit significantly from Xona's navigation solutions, which enhance their operational capabilities, while also potentially including long-term contracts with government agencies leveraging Pulsar's secure positioning for defense applications.The company will use the March 2026 funding to scale satellite manufacturing at its California facility and accelerate deployment of its 258-satellite navigation constellation.

## Funding rounds

- Round, Oct 17, 2026, $15M — Future Ventures, Seraphim, Seraphim Space Investment Trust
- Series C, Mar 26, 2026, $170M — NGP Capital, ICONIQ Capital, Samsung NEXT Ventures, Craft Ventures, Natural Capital, Woven Capital Management Company, Hexagon
- Series B, Jun 6, 2025, $75M — Stellar Ventures, NGP Capital, Seraphim Space Manager, Toyota Ventures, Craft Ventures, Future Ventures, Industrious Ventures, First Spark Ventures
- Series A, Apr 19, 2024, $31M — NGP Capital, Seraphim Space Manager, Future Ventures, Industrious Ventures, Murata Manufacturing Company, Aloniq

## Investors

- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series A, Series B, Series C
- Seraphim Space Manager (https://capitalatlas.ai/funds/seraphim-space-manager) — Series A, Series B
- Future Ventures — Series A, Series B
- Industrious Ventures (https://capitalatlas.ai/funds/industrious-ventures) — Series A, Series B
- Murata Manufacturing Company — Series A
- Aloniq (https://capitalatlas.ai/funds/aloniq) — Series A
- Stellar Ventures — Series B
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Series B
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Series B, Series C
- First Spark Ventures (https://capitalatlas.ai/funds/first-spark-ventures) — Series B
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series C
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series C
- Natural Capital — Series C
- Woven Capital Management Company (https://capitalatlas.ai/funds/woven-capital-management-company) — Series C
- Hexagon (https://capitalatlas.ai/funds/hexagon) — Series C
- Seraphim
- Seraphim Space Investment Trust