Apex, a Los Angeles, CA-based spacecraft mass manufacturing company, raised $16M in Series A funding.
The round, which brought the total amount to $27M, was led by Andreessen Horowitz and Shield Capital.
The company intends to use the funds to open a new, 50,000 sq ft production facility in Los Angeles dedicated to serial bus manufacturing.
Led by CEO Ian Cinnamon, and CTO Max Benassi, Apex builds productized satellite buses, starting with their flagship Aries platform, a 100kg bus capable of supporting up to 100kg of payload mass. Its buses are manufactured at scale and can be configured with different performance packages, enabling customers to leverage the benefits of serial production for varied mission needs.
The company also announced the list of customers flying on its first Aries satellite bus, set to launch on SpaceX’s Transporter 10 in Q1 2024. The satellite will host missions for three customers. Orbit Fab, Ubotica, and a Tier-1 Defense Contractor are all flying as payloads on Apex’s first mission, named “Call to Adventure”. All three payloads will inhabit the same satellite bus, running a set of missions that include proximity operations, edge computation, and communications.
FinSMEs
23/06/2023