
Startup Funding Roundup: Cybersecurity, Fintech and Space Deals Span US, Europe and Israel
Several startups across the United States, Israel and the Netherlands have secured fresh capital, from a $250M satellite navigation round to a €7M cyber-physical security raise.
AfroEuropa Newsroom
AfroEuropa desk
A series of financing rounds announced across the United States, Israel and Europe spans satellite navigation, cybersecurity, fintech and food manufacturing.
Xona raised $250 million in a Series D round led by Future Ventures, valuing the Burlingame-based company at $2.45 billion. The financing lifts Xona's total funding above $570 million. Founded in 2019, the company is building navigation infrastructure in low Earth orbit. Its Pulsar platform is designed to improve on traditional GPS with stronger signals and greater accuracy, and the company says it can deliver centimetre-level precision with signals it describes as up to 100 times more powerful than conventional GPS. CEO Brian Manning said the company is shifting from technology development toward commercial deployment, with satellites already in orbit and customers integrating Pulsar firmware. The new capital will support service delivery, operational expansion and satellite production.
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