Space Tech Firm Xona Secures $19M for Enhanced Satellite Navigation Network

Los Angeles CA (SPX) May 09, 2024

Xona, a developer of a new satellite network, has announced the successful closure of a $19 million Series A funding round, led by Future Ventures and Seraphim Space, with contributions from NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq. The capital raised will expedite the rollout of Xona's low Earth orbit (LEO) satellite network, marking the initiation