Apex, the world’s first spacecraft manufacturer to offer productized, high-rate configurable satellite bus platforms, announced its $200 million Series C funding round. The funding round was led by Point72 Ventures and co-led by 8VC, alongside existing investors including Andreessen Horowitz, as well as new firms Washington Harbour Partners and StepStone Group.
This fundraise will allow Apex to scale production to meet rapidly expanding customer demand for its satellite bus platforms and follows the successful one-year-on-orbit milestone of Apex’s first spacecraft mission.
“Apex’s approach to building spacecraft is key to America realizing its commercial and national security strategies in space. This successful raise accelerates our production, allowing Apex to expand its inventory ahead of demand to better enable the missions of our innovative customers, including defense primes, the U.S. government, and some of the most exciting companies in the country,” said Apex CEO and Founder Ian Cinnamon.
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The only manufacturer of off-the-shelf satellite buses, Apex is revolutionizing the industry by helping customers shift risk and money away from crafting bespoke spacecraft to focus on advancing space capabilities using their standard spacecraft bus platforms.
“Apex is laser-focused on what we believe missions in space need most: rapid delivery, transparent pricing, and the highest possible quality,” said Chris Morales, Partner at Point72 Ventures. “The demonstrated success of Apex’s satellite buses and the company’s innovative approach to manufacturing have helped them win the trust of customers ranging from the U.S. Space Force to industry leading primes.”
“Apex’s satellite buses are delivering the on-orbit proliferation required for America to prevail in the new space race,” said Joe Lonsdale, Founder and Managing Partner at 8VC. “This Administration recognizes where our defense capabilities demand drastic evolution. Apex’s pace of innovation and manufacturing speed and scale exemplify the bold approach needed to secure the edge for our forces.”
SOURCE: PRNewswire