Project Shadow
Apex-funded demonstration in which an 'Orbital Magazine' satellite deploys two prototype interceptors on orbit; launch slated for June 2026.


Startup · United States
HQ Los Angeles, United StatesFounded 2022
Los Angeles satellite-bus manufacturer; running Project Shadow, a privately funded on-orbit space-based interceptor demonstration.
Apex-funded demonstration in which an 'Orbital Magazine' satellite deploys two prototype interceptors on orbit; launch slated for June 2026.
Newest unveiled first. Open a product for its milestone timeline, components and sources.
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Space-based kinetic interceptors | Developer | Development | — | Project Shadow, privately funded; launch slated June 2026 (outcome not confirmed in sources gathered). | Reported |
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
| Announced | Stage | Valuation | Basis |
|---|---|---|---|
| Sep 12, 2025 | Series D | $1.00B | Basis not stated |
| Jun 5, 2026 | Growth | $2.30B | Basis not stated |
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Jun 5, 2026 | Growth | $200M | $2.30B? | Glade Brook Capital Partners, Washington Harbour Partners | — | Confirmed |
| Sep 12, 2025 | Series D | $200M | $1.00B? | Interlagos | — | Confirmed |
| Apr 28, 2025 | Series C | $200M | — | 8VC, Point72 Ventures | Andreessen Horowitz, StepStone Group, Washington Harbour Partners | Confirmed |
| Jun 12, 2024 | Series B | $95.0M | — | CRV, XYZ Venture Capital | 8VC, Andreessen Horowitz, J2 Ventures, Point72 Ventures, Shield Capital, Toyota Ventures, Upfront Ventures | Confirmed |
| Jun 22, 2023 | Series A | $16.0M | — | Andreessen Horowitz, Shield Capital | — | Confirmed |
| Oct 24, 2022 | Seed | $7.5M | — | Andreessen Horowitz | J2 Ventures, Lux Capital, Village Global, XYZ Venture Capital | Confirmed |
Totals add known amounts using recorded USD conversions where available; other currencies are shown separately. A ~ marks an estimated amount.
| Announced | Award | Agency | Type | Program | Obligated | Ceiling | Confidence |
|---|---|---|---|---|---|---|---|
| Feb 12, 2025 | Multiple space vehicles for two orbital regimesFA880925CB005 | Space Systems Command | Contract | — | $22.0M | $45.9M | Confirmed |
Obligated is what has been committed so far; ceiling is the most the award can reach. Joint values cover all recipients and are excluded from this company’s money totals.
Apex · Supports Organization · name
“Apex - Productized Satellite Platforms”
Apex · Oct 22, 2025 · Supports Organization, Organization technology, System, System · system input:leo-launch, System · system input:solid-rocket-motors
“Founded in 2022 by Ian Cinnamon and Max Benassi, Apex manufactures scalable spacecraft solutions for both commercial and government customers.”
U.S. Securities and Exchange Commission · Jul 22, 2026 · Supports Funding round
“Total Amount Sold $ 156,849,785 USD”
Apex · Jun 5, 2026 · Supports Funding round · amount, Funding round · post money valuation usd
“today announced it has raised over $200 million in new growth funding, nearly doubling the company’s valuation to $2.3 billion”
U.S. Securities and Exchange Commission · Oct 2, 2025 · Supports Funding round
“Total Amount Sold $ 151,900,000 USD”
PR Newswire · Sep 12, 2025 · Supports Funding round · amount
“announced its $200 million Series D funding round led by Interlagos, boosting the company's valuation over one billion dollars”
SpaceNews · Sep 12, 2025 · Supports Funding round · post money valuation usd
“a new funding round that values the company at more than $1 billion.”
U.S. Securities and Exchange Commission · Apr 30, 2025 · Supports Funding round
“Total Amount Sold $ 158,150,000 USD”
PR Newswire · Apr 28, 2025 · Supports Funding round · amount
“announced its $200 million Series C funding round. The funding round was led by Point72 Ventures and co-led by 8VC”
U.S. Securities and Exchange Commission · Jun 13, 2024 · Supports Funding round
“Total Amount Sold $ 71,877,425 USD”
PR Newswire · Jun 12, 2024 · Supports Funding round · amount
“today announced its $95 million Series B funding round. The funding round was led by XYZ Venture Capital, an early investor in the company, and co-led by CRV”
U.S. Securities and Exchange Commission · Jun 29, 2023 · Supports Funding round
“Total Amount Sold $ 15,558,757 USD”
TechCrunch · Jun 22, 2023 · Supports Funding round · amount
“has closed a $16 million Series A round co-led by Andreessen Horowitz and new investor Shield Capital”
U.S. Securities and Exchange Commission · Oct 25, 2022 · Supports Funding round
“Total Amount Sold $ 7,815,000 USD”
TechCrunch · Oct 24, 2022 · Supports Funding round · amount
“emerged from stealth Monday with a $7.5 million seed round led by Andreessen Horowitz”
U.S. Department of War · Feb 12, 2025 · Supports Government award
“Apex Technology Inc., Culver City, California, was awarded a $45,900,000 firm-fixed-price contract for multiple space vehicles to operate in two space orbits.”
Crunchbase via Bright Data · Supports Role · founders
“{"founders": [{"id": "ian-cinnamon", "type": "person", "value": "Ian Cinnamon"}, {"id": "maximilian-benassi-7293", "type": "person", "value": "Maximilian Benassi"}]}”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.