Exclusive: Xona tallies $92 million as it sends Pulsar-0 to space

State of play: Xona is targeting automotive, logistics, mining and defense industries, among many others, with its satellite-based positioning, navigation and timing services.

• The company's planned low-Earth orbit constellation is expected to augment existing GPS until it becomes a standalone source of information.
• It inked a $4.6 million demonstration contract with the U.S. Air Force Research Laboratory earlier this year.

Threat level: The U.S. advantage in space is thinning. Plus, Russia's jamming and spoofing efforts scramble signals beyond Ukraine's frontlines.

• In one high-profile case, Finnair suspended flights to Tartu, Estonia, due to interference. Pilots reported issues near the Black and Caspian seas as well as Kaliningrad.

What they're saying: "Navigation and timing are systems the world isn't supposed to think about. They're just supposed to work," Xona chief executive Brian Manning said in a blog post shared with Axios.

• "When they fail, everything around them will too."

Follow the money: The newly disclosed cash includes Xona's Series B, led by Craft Ventures, and a Strategic Funding Increase award from SpaceWERX, the innovation arm of the Space Force.

• Lockheed Martin Ventures is a previous backer.

Go deeper: Four companies plot extra GPS access for U.S. military

Colin Demarest writes Axios' Future of Defense newsletter, sign up today!