BURLINGAME, Calif.–(BUSINESS WIRE)–Xona, the commercial space company building the next era of global positioning, navigation, and timing (PNT) infrastructure, today announced an oversubscribed $170 million Series C funding round led by Mohari Ventures Natural Capital with participation from Craft Ventures, ICONIQ, Woven Capital, NGP Capital, Samsung Next, Hexagon, and additional support from other new and existing investors. The capital will accelerate constellation deployment and manufacturing scale-up at the company’s new Burlingame, California factory, demonstrating how U.S. commercial innovation can deliver secure, resilient navigation infrastructure worldwide.
