San Mateo-based startup Xona Space Systems conducted a $ 1 million pre-seed round led by 1517 with the participation of Seraphim Capital, Trucks Venture Capital and Stellar Solutions. The company is focused on developing a PNT (Positioning, Navigation and Timing) satellite service that it believes can replace global navigation satellite systems (GNSS) and offers great advantages in terms of security, precision and accuracy.
Xona claims that GNSS, which is essentially the backbone of almost all global navigation software and services, is relatively inaccurate and open to possible malfunctions from malicious attackers. It is a technology that has changed in its time, but has not met the challenge of meeting the needs of modern applications, including autonomous vehicle transportation, drone fleets, automated shipping, and more.
The company has an ambitious goal: GNSS remains one of the most significant, comprehensive and effective space-based technologies ever developed. The effects can be seen every day, from consumer applications such as turn-by-turn navigation to mobile mapping apps to industrial services such as global logistics platforms. Anyone who can develop a credible next generation alternative that modernizes and improves GNSS can win a lot.
The Xona approach promises tenfold improvements in accuracy compared to GNSS and encryption, which can offer much more security. The company has registered a patent for its Pular brand PNT service, which will use low earth orbit satellites (compared to current higher orbit GNSS networks) to deliver its next generation navigation technology.