Apex, a Los Angeles-based space manufacturing company, has raised $200 million in a Series C funding round led by 8VC and Point72 Ventures, less than a year after closing a $95 million Series B round. Other investors in the latest round include Andreessen Horowitz, Washington Harbour Partners, and StepStone Group. The new capital will accelerate Apex's satellite production capabilities, allowing the company to expand its inventory of spacecraft buses to meet growing demand from customers such as the U.S. Department of Defense and defense primes. Apex's first Aries spacecraft mission has completed one year on orbit, demonstrating the company's technology. The funding will also support projects like Golden Dome. Apex's co-founders include Ian Cinnamon and mxbenassi. In the defense technology sector, Chaos Industries, an Austin-based company specializing in radar and communications technologies for military use, has secured $275 million in a Series C funding round led by Accel and New Enterprise Associates, valuing the company at $2 billion. Chaos Industries develops technologies aimed at detecting airborne threats and has previously raised $145 million in funding. The company's Vanquish radar system is designed for early warning and tracking of drones, missiles, and aircraft. True Anomaly, a Colorado-based defense-focused aerospace startup, announced a $260 million Series C round combining equity and debt financing, led by Accel with participation from Meritech Capital and other existing investors. The company designs spacecraft and software for U.S. national security missions, including the Jackal vehicle for close-proximity operations in orbit. True Anomaly plans to support four space missions over the next 18 months and expand its workforce from 170 to over 250 employees by year-end. The company has been awarded a $30 million contract for the Victus Haze mission by the U.S. Space Force and is opening a new manufacturing facility in Long Beach, California. Other funding rounds include Kaia, an EVM-based blockchain formed through the merger of Klaytn and Finschia, which raised an undisclosed amount in a round led by Blockchain Capital and 1kxnetwork; Gata, a decentralized data network for AI training, which raised $4 million in a seed round; ZAR, a digital wallet bridging cash-based economies and Web3, which secured $7 million in seed funding; and CAST AI, which closed a $108 million Series C led by G2 Venture Partners and SoftBank Vision Fund 2.
Accel leads $275 million funding round in Chaos Industries Forbes
Accel Backs Defense Tech Startup Chaos Industries At $2 Billion Valuation https://t.co/Q6sAswRz8n https://t.co/NcgeG3FmAI
Scoop: Accel is leading a $275 million funding round into defense tech startup CHAOS Industries — just months after backing a previous round. The round values CHAOS, which makes radar and communications tecchnologies, at $2 billion. https://t.co/s4A7D6Q3hW