XYZ Venture Capital, a venture capital firm, led a $95m Series B round in Apex Space, a Los Angeles-based spacecraft manufacturing company, with participation from CRV, Upfront, 8VC, Toyota Ventures, Point72 Ventures, Mirae Asset Capital, Outsiders Fund, GSBackers, Andreessen Horowitz, Shield Capital, J2 Ventures, Ravelin, Baiju Bhatt, and Avalon Capital Group. "The West cannot achieve the capabilities we need in space at the necessary scale and speed without a productized approach to powering and supporting satellites. Coming on the heels of our first launch and numerous bus sales to commercial, government, and international customers, this fundraise is a vote of confidence in Apex's vision and success. This new funding will help us both expand our family of productized satellite buses and produce them at industry-leading scale. Today's aerospace and defense industries are hungry for solutions they can deploy in mass, and we're here and ready to meet their needs," Ian Cinnamon, Apex CEO and Founder.