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Building the backbone of a spacecraft – the satellite bus, which provides the structure, power and movement – has long been a mission-focused endeavor.
But Los Angeles-based Apex, founded last year by Ian Cinnamon and Max Benassi, is working to create a satellite bus manufacturer that flips that practice on its head.
The startup raised an additional $16 million in a round led by VC firms Andreessen Horowitz and Shield Capital, bringing its total raised to over $27 million, Apex said.
"Fundamentally, we're building a real business with real unit economics where we're able to make money on every single sale," he added.
Persons:
CNBC's Michael Sheetz, –, Ian Cinnamon, Max Benassi, Cinnamon, We're, they're, Andreessen Horowitz
Organizations:
Aries, Shield Capital, Apex
Locations:
Los Angeles, Apex