SAN MATEO, Calif., September 22nd, 2021 (Xona Space Systems PR) — Xona Space Systems, the leading innovator in precision LEO satellite navigation services, announced today that it has raised a new funding round co-led by Seraphim Space Investment Trust (LSE:SSIT) and MaC Venture Capital, with participation from Toyota Ventures, Daniel Ammann (co-founder of u-blox), and Ryan Johnson (former CEO of BlackBridge, operator of the Rapideye constellation). Follow-on investors also include 1517 Fund and Stellar Solutions.
Global Navigation Satellite Systems (GNSS) such as GPS and Galileo have become the backbone of nearly every aspect of the modern connected world. However, threats to these legacy systems along with consumer demands for enhanced performance are increasing rapidly.(more…)