An organization engaged in space production Top closed a $95 million Series B led by XYZ enterprise capital AND CRV increase the production of satellite buses.
A Los Angeles-based space technology startup is helping to streamline the approach to satellites by enabling mass production of space buses – the principal body and structural element of satellites – to satisfy growing demand from customers corresponding to US Department of Defense.
The latest measures will enable the company to extend production to satisfy customer demand – following the launch of the first Apex bus in March.
Apex recently opened a latest factory to assist the company increase production.
“The West cannot achieve the space capabilities we need at the scale and speed we need without a productive approach to powering and supporting satellites,” said Apex CEO and founder Ian CinnamonIn release. “This fundraising, which comes hot on the heels of our initial launch and numerous bus sales to commercial, government and international customers, is a vote of confidence in Apex’s vision and success.”
Founded in 2022, the company has raised $122 million, on Crunchbase.
Financing space technology
Apex appears to be riding the wave of growing investor interest in space technologies.
Funding for VC-backed space tech startups appears to be on the rise this yr, per Crunchbase data.
Last yr, space tech startups raised $5.8 billion. However, in lower than half of this yr, $3.3 billion of such startups have already hit their coffers.