Satellite manufacturer Apex has completed a new round of financing of $200 million, with a16z participating in the investment

BlockBeats News: On May 1st, according to TechinAsia, Los Angeles based satellite manufacturer Apex completed a new round of funding of $200 million to enhance its production capacity for standardized satellite platforms. This round of financing is led by Point72 Ventures, co led by 8VC, with participation from Andreessen Horowitz (a16z), Washington Harbour Partners, and StepStone Group. Since its establishment in 2022, Apex has accumulated over $300 million in financing. Apex plans to use this funding to improve the operation of its manufacturing facility, which can currently produce up to 12 satellite platforms per month.