TLDR:
- Apex, a spacecraft manufacturing company based in Los Angeles, raised $95 million in Series B funding.
- The funding round was led by XYZ Venture Capital and co-led by CRV, with participation from several other investors.
Apex, led by CEO and Founder Ian Cinnamon, manufactures productized satellite buses that allow spacecraft to move, communicate, and provide power. The company will use the funding to increase production to meet customer demand, following the recent launch of its first bus in March 2024. Apex has already secured orders from top-tier prime contractors including the U.S. Department of Defense. The investors include established firms like Andreessen Horowitz as well as individual angels like Baiju Bhatt, co-founder of Robinhood.
