Tech startups such as Xona, Sift, Performance Drone Works, among others, have announced their venture capital funding to bolster innovation and business growth.
Xona Raises $170 mn
Xona raised $170 million in venture funding from Craft Ventures, Samsung NEXT, NGP Capital, ICONIQ Capital, Mohari Ventures, and Woven Capital. Founded by Adrien Perkins, Brian Manning, Bryan Chan, Jerami Martin, Kazuma Gunning, Paul Tarantino, and Tyler Reid, the company develops satellite-based positioning, navigation, and timing (PNT) services. The funding enables deployment of high-precision satellite infrastructure supporting autonomous systems, defense, and mobility applications. Strategically, Xona aims to modernize global navigation capabilities with resilient, commercial satellite networks. The technology delivers enhanced accuracy and reliability, reflecting growing VC investment in space-based infrastructure and next-generation navigation systems.
Sift Raises $42 mn
Sift raised $42 million in venture funding backed by Google Ventures, Riot Ventures, StepStone Group, CIV, and Fika Ventures. Founded by Austin Spiegel and Karthik Gollapudi, the company develops observability and monitoring platforms for machine learning systems. The funding supports deployment of tools that track, debug, and optimize AI model performance in production environments. Strategically, Sift focuses on enabling reliable and scalable AI adoption across enterprises. Its technology emphasizes real-time monitoring, anomaly detection, and performance analytics. The investment highlights increasing VC focus on AI infrastructure tools ensuring transparency, reliability, and governance in machine learning deployments.
Performance Drone Works Raises $110 mn
Performance Drone Works raised $110 million in venture funding from Booz Allen Hamilton, Hanwha Asset Management, Hood River Capital, and Ondas Networks. Founded by Patrick Laney, Ryan Gury, and Trevor Smith, the company develops autonomous unmanned aerial systems for defense and industrial use. The funding supports deployment of AI-powered drone technologies for surveillance, logistics, and security applications. Strategically, the company focuses on scalable autonomous platforms integrated with defense ecosystems. Its innovation centers on AI-driven navigation, real-time data processing, and mission autonomy, reflecting growing VC investment in defense tech and autonomous aerial systems.
THASNIYA VP
