WASHINGTON — Apex has raised $200 million in a new funding round intended to help the company accelerate production of satellite buses.

Apex announced April 29 that it raised the Series C round led by Point72 Ventures and co-led by 8VC. Existing investors, such as Andreessen Horowitz, participated in the round, as well as new firms Washington Harbour Partners and StepStone Group. Apex declined to disclose the company’s valuation after this round.

The Series C round comes less than a year after the company raised $95 million in a Series B round. At the time, the company said it would use the fund to ramp up production of its Aries satellite bus and the larger Nova bus.