Apex Space takes on satellite bus ‘bottleneck’ with seed round led by a16z

Apex Space, a startup that aims to transform satellite bus manufacturing, emerged from stealth Monday with a $7.5 million seed round led by Andreessen Horowitz.
The Los Angeles-based company has set its sights on the satellite bus — the part of the spacecraft that hosts the payload — which it says is the “new bottleneck” hitting the space industry. Apex’s two co-founders, Ian Cinnamon and Maximilian Benassi, said in a blog post that they independently observed core changes to the industry that convinced them that a new satellite bus manufacturing solution was needed.
Cinnamon, a technology sta

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