Xona raises $170 million for satellite navigation network
WASHINGTON — Xona, a California-based startup developing a satellite navigation service, announced March 26 it raised $170 million in a Series C funding round to accelerate deployment of its low-Earth orbit constellation and expand manufacturing capacity.
The round was led by Mohari Ventures Natural Capital, with participation from Craft Ventures, ICONIQ, Woven Capital, NGP Capital, Samsung Next and Hexagon, among others. The company said the capital will support production at a new factory in B...
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