Xona Space Systems, a San Mateo, CA-based startup creating a secure and precise Position, Navigation, and Timing (PNT) satellite service, raised a $1M in pre-seed funding.
The round was led by 1517, with participation from Seraphim Capital, Trucks Venture Capital, and Stellar Solutions.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Brian Manning, CEO, Xona Space Systems is developing a new generation of high-accuracy position, navigation, and timing (PNT) solutions for intelligent systems. Delivered via a secure, high-power signal from low Earth orbit, the patent-pending Pulsar™ service aims to enable the next wave of connected technology. Xona Space Systems is developing the secure and precise PNT service that will enable modern intelligent systems to operate safely at scale. Throughout this year, Xona Space Systems will conduct ground-based testing of the system that will lead to the development of the initial flight units. In 2019, Xona participated in its third Space Camp accelerator program.
FinSMEs
14/05/2020