What is Apollo Fusion?
Apollo Fusion designs and manufactures state-of-the-art Hall thruster propulsion systems tailored for a diverse array of government and commercial satellite programs. The company's team comprises seasoned aerospace professionals with extensive experience, having contributed to the development of systems currently operational on over 1,000 satellites. Apollo Fusion has scaled its production capacity to deliver dozens of propulsion systems monthly, addressing the high market demand. The company's founder and CEO, Mike Cassidy, is a serial entrepreneur with a background that includes leading Google's Project Loon, indicating a strong foundation in innovative technology ventures.
How much funding has Apollo Fusion raised?
Apollo Fusion has raised a total of $18M across 2 funding rounds:
Series A
$8M
Series B
$10M
Series A (2016): $8M, investors not publicly disclosed
Series B (2018): $10M led by Greylock Partners
Key Investors in Apollo Fusion
Greylock Partners
83North (likely referring to Greylock Partners given the domain) is a global venture capital firm that invests in exceptional entrepreneurs across all stages, aiming to build category-leading companies. They manage significant capital and have a strong portfolio, indicating a focus on high-growth technology sectors.
What's next for Apollo Fusion?
With a recent major strategic investment and a total funding of $18M, Apollo Fusion is well-positioned for scaling its operations and further innovating its propulsion technology. The company's capacity to meet high market demand suggests a focus on expanding production and potentially exploring new applications for its Hall thruster systems. This enterprise-level funding likely signals a move towards broader market penetration and the development of next-generation propulsion solutions for the burgeoning satellite industry.
See full Apollo Fusion company page
