Posted: Sun, Jun 16, 2024, 10:07 AM ET (1407 GMT)
Satellite manufacturer Apex has raised $95 million to accelerate production of larger buses. The company announced the Series B round Wednesday, led by XYZ Venture Capital, an early investor in Apex, and co-led by CRV, a new investor. The company says the funding will allow it to ramp up production of its Aries satellite bus, the first of which it launched in March, and move forward development of a larger bus, Nova. The company says it is seeing growing interest in Nova in particular from government agencies and defense primes.

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