Apex
Assembly Line
🚀 Apex Raises $16M in Series A Funding and Reveals Customers Flying on its First Aries Satellite Bus
Apex, the Los Angeles-based spacecraft mass manufacturing company, announced its Series A fundraising round and customers flying on its first Aries satellite bus.
Apex’s $16M Series A funding round, which brings the company’s total funding to over $27M, was led by venture capital firms Andreessen Horowitz and Shield Capital. Apex will use the additional funding to open a new, 50,000 sq ft production facility in Los Angeles dedicated to serial bus manufacturing. This investment and the new factory will allow the company to expand its production rate and further reduce lead times for its customers.