Fundraising | Startups | TC
Defense tech Mach Industries doubles valuation to $3.7B in 3 months
The buzzy startup raised another $600 million in a Series C extension round, bringing the total of the round to $900 million.
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Mach Industries just spent $50M to solve a major defense tech problem
Mach says the acquisition meaningfully improves unit economics across its five vehicle programs at exactly the moment the company is starting to scale.
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Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year
In a wild ride for 22-year-old founder and CEO Ethan Thornton, Mach Industries has raised another $300 million. It already has five autonomous vehicles in development and completed a major acquisition.
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Ethan Thornton is trying to do everything all at once
Mach’s approach differs sharply from some of its peers.
