Diligence memo · auto-generated · as of July 2, 2026
Xona Space Systems Inc.
Xona Space Systems Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Xona Space Systems Inc. operates in Software / Tech, based in BURLINGAME.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Xona Space Systems Inc. has raised $115M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $75M on 2025-06-06.
Most recent recorded round closed around 2025-06-06.
Valuation (modeled)modeled
Provath models Xona Space Systems Inc. at approximately $526M (range $283M–$703M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.45× the median modeled value of Series C Software / Tech companies in 2025–2027 (39 peers) — value vs value, same stage and era. Within the normal band (145% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 23 months.
Last raise 13 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 2.4× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 96% of Software / Tech peers (3920 compared).
Modeled value ranks above 91% of those peers.
Closest niche peers: Clay Labs Inc., Alembic Technologies, Inc., Federato Technologies, Inc., Digital LinkBridge CO, Parler Technologies, Inc..
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.