Pulsar
Navigation satellite platform for Xona’s planned low-Earth-orbit positioning and timing constellation.
Maturity not rated
Photo: Xona · Editorial use (company media kit)
Startup · United States
Xona Space Systems
HQ United States
Building Pulsar, a low-Earth-orbit positioning, navigation and timing constellation intended to augment and back up GPS.
Funding7 rounds · ~$303M
- Equity raised
- ~$303M
- Latest
- $170MSeries C · Mar 26, 2026
May 14, 2020Mar 26, 2026
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Mar 26, 2026 | Series C | $170M | — | Mohari Ventures, Natural Capital | Craft Ventures, NGP Capital, Samsung Next | Confirmed |
| Jun 26, 2025 | Series B | $92.0M | — | Craft Ventures | First Spark Ventures, Future Ventures, Industrious Ventures, Seraphim Space, Toyota Ventures | Reported |
| May 8, 2024 | Series A | $19.0M | — | Future Ventures, Seraphim Space | Industrious Ventures, NGP Capital, Space Capital | Reported |
| May 14, 2020 | Pre-Seed | $1.0M | — | 1517 Fund | Seraphim Space | Reported |
| 2021 | Seed | $8.0M | — | Seraphim Space | Toyota Ventures | Reported |
| 2022 | Seed | Undisclosed | — | First Spark Ventures | Lockheed Martin Ventures | Reported |
| 2024 | Undisclosed | ~$12.5M | — | — | Seraphim Space | Speculative |
- Series CLed by Mohari Ventures, Natural CapitalConfirmed$170MMar 26, 2026
- Series BLed by Craft Ventures$92.0MJun 26, 2025
- $19.0MMay 8, 2024
- $1.0MMay 14, 2020
- $8.0M2021
- Undisclosed2022
- ~$12.5M2024
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Systems3
Pulsar-0
Initial Pulsar navigation satellite in orbit for signal testing and technology validation.
Maturity not rated
Pulsar SDK
Developer toolkit for integrating Pulsar navigation signals into GNSS receivers.
Maturity not rated
Newest unveiled first. Open a system for its milestone timeline, components and sources.
Capabilities1
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Diversified PNT-enabling technologies for airborne, space-based, terrestrial, subterranean, and underwater settings | Developer | — | — | Low-Earth-orbit PNT approach; does not establish coverage of every environment named in the broad designation. | Reported |
- DeveloperLow-Earth-orbit PNT approach; does not establish coverage of every environment named in the broad designation.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
Sources13
Show all 13 sources and supporting evidence
Profile1
- 1
Xona Space Systems · Supports Organization · name
“© 2026 Xona Space Systems, Inc.”
Systems3
- 2
Xona Space Systems · Supports System
“### Access Pulsar SDK Connect with our team to access a developer toolkit designed to support a wide range of GNSS chipsets and receiver architectures, with comprehensive documentation and data packages that outline Pulsar’s signal structure and integration requirements. ”
- 3
Xona Space Systems · Supports Organization technology, System, System · system technology:positioning-navigation-and-timing-pnt-diversified-pnt-enabling-technologies-for-airborne-space-based-terrestrial-subterranean-and-underwater-settings
“Pulsar is Xona’s Low Earth Orbit satellite constellation providing next-generation positioning, navigation, and timing (PNT) services.”
- 4
Xona Space Systems · Supports System
“##### Pulsar satellites are a new class of navigation spacecraft designed to deliver precise, high-power, and resilient positioning and timing at constellation scale.”
Funding9
- 5
Xona Space Systems · Mar 26, 2026 · Supports Funding round · amount
“$170 million Series C round led by Mohari Ventures Natural Capital”
- 6
DatacenterDynamics · Jul 2, 2025 · Supports Funding round · investors, Organization
“The funding, which includes its Series B round led by Craft Ventures alongside participation of existing investors, will fuel the company's aims to launch Pulsar”
- 7
Axios · Jun 26, 2025 · Supports Funding round · amount, Funding round · announced on
“Satellite navigation startup Xona Space Systems secured $92 million in”
- 8
VC News Daily · May 9, 2024 · Supports Funding round · amount
“oversubscribed $19 million Series A funding round led by Future Ventures and Seraphim Space”
- 9
Multiples · Supports Funding round · amount
“This follows a $8 million seed round in September 2021 also led by Seraphim Space.”
- 10
Payload · Supports Funding round
“First Spark Ventures led the round, with participation from a range of new and existing investors, including Lockheed Martin Ventures.”
- 11
Startupintros · Supports Funding round · amount
“$1M Pre Seed”
- 12
Clay · Supports Funding round · amount
“USD 8,000,000 to 10,000,000”
- 13
Jay Zaveri / Natural Capital · Supports Funding round · investors
“I’m excited to partner with Mark Scheinberg and the Mohari Ventures team to lead the $170M Series C round in Xona.”
Government identifiers1
Identifiers are matched to this legal entity; related companies may hold different registrations.
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