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.

Apex is the leading manufacturer of high-rate configurable satellite bus platforms designed to meet the demands of the rapidly expanding space industrial base. Founded in 2022 by Ian Cinnamon and Max Benassi, Apex manufactures scalable spacecraft solutions for both commercial and government customers. The company set a world record with its first satellite bus as the fastest clean-sheet design to production spacecraft operating in space. Backed by some of the country's leading investors, Apex is committed to accelerating space innovation through high-rate manufacturing of productized, reliable satellite platforms that enable the next generation of missions.