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Satellite manufacturer Apex completes $200 million financing, with participation from a16z.
According to Deep Tide TechFlow news on May 1, reported by Tech in Asia, Los Angeles-based satellite manufacturer Apex has completed a new round of financing of $200 million, aimed at enhancing the production capacity of its standardized satellite platform.
This round of financing is led by Point72 Ventures, with co-investment from 8VC, Andreessen Horowitz (a16z), Washington Harbour Partners, and StepStone Group. Since its establishment in 2022, Apex has raised over $300 million.
Apex plans to use this funding to improve the operations of its manufacturing facility, which currently has the capacity to produce up to 12 satellite platforms per month.