Xona, a company developing a network of small satellites to provide high-precision navigation services, has announced an oversubscribed $19 million Series A funding round led by Future Ventures and Seraphim Space. New investors NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq also joined the round.

Xona Space Systems is developing an independent high-performance satellite navigation and timing system to meet the needs of intelligent systems. Delivered via a secure, high-power signal from Xona's low Earth orbit satellites, the patent-pending PULSAR™ service aims to enable the next wave of automated technology.