Xona Space Systems, a startup, has collectedapproximately $15 million for its intended navigation constellation, including money from venture capitalists at GPS satellite manufacturer Lockheed Martin.
Operational technology (OT) as well as other crucial infrastructure systems are supported by XONA, which provides frictionless user access. While providing authorized users with seamless and safe control of operational technologies from any location or device, XONA’s zero-trust architecture and innovative protocol isolation are technology agnostic and can be set up in minutes. This instantly removes common attack vectors.
XONA has been branded the “one, secure portal that connects the cyber-physical world and enables important operations to happen from anywhere with entire confidence and trust” due to its user session analytics, user-to-asset access controls, integrated multi-factor authentication, and automatic video recording.
An investment round that Xona announced on August 3 was spearheaded by First Spark Ventures, which is an early-stage investor, with Lockheed Martin Ventures making it to the list of the new investors. Brian Manning, the CEO of Xona, would not say how much money was raised in the round, but he did say that the business has acquired over $25 million in total. According to Xona, it raised $10 million in total as of June. Prior to launching Muninn, its subsequent prototype satellite, early next year, Manning claimed the fresh financing will enable Xona to expand its crew to 60 personnel.
Huginn was launched on May 25 as part of a mission of SpaceX Falcon 9 rideshare. Huginn is the inaugural prototype for California-centeredXona’s intended network of about 300 navigation cubesats. As of right now, according to Manning, Huginn is performing as anticipated and moving through early stages of its own mission.
He chose not to provide information about the experiments, which are intended to demonstrate the specific performance benefits its constellation was going to have over the other GNSS (global navigation satellite systems) and GPS. By using an orbit that is substantially lower than that of traditional GNSS, Xona claims that its PNT (positioning, navigation, and timing) services may give accuracy that is ten times greater.
Manning stated that close to its base tthat is located in San Mateo in Burlingame, California, Xona has also signed a lease for a brand-new 7,600 square meter facility for production and research reasons. Muninn and Huginn were produced internally, and Xona has not stated whether it will contract out the manufacture of its operational Pulsar satellites, that the start-up anticipates will begin launching in early 2025.
For the American Space Force, Lockheed is constructing a new generation of GPS satellites with improved anti-jamming and localization features. According to a 2018 arrangement valued at $7.2 billion for potentially 22 spacecraft, the United States Space Force ordered 3 GPS 3F satellites from Lockheed in November for $737 million.
The fund “invested in Xona so they may continue to develop and build their commercial system to complement the wider” GNSS architecture,” said Chris Moran, who is the vice president (VP) and general manager (GM) of Lockheed Martin Ventures.