Satellite Navigation Startup Xona Raises $250M to Rival GPS
Xona, a California company building navigation satellites, has closed a Series D worth $250 million, according to a Business Wire announcement from October 22. Future Ventures led the round and valued the company at $2.45 billion. Xona says it has taken in over $570 million overall since 2019.
If your product relies on location or precise timing, this deserves a calm read. A new layer of satellite navigation could change how fragile your service is. Let’s walk through what was announced and how to think about your own exposure.
What Xona announced and what it is building
Xona is…
The skinny
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