Mach Industries, a defense tech startup founded by Ethan Thornton, is nearing a $100 million financing round, valuing the company at approximately $470 million. The company is noted for developing vertical liftoff vehicles and has attracted significant funding from prominent investors like Khosla and Bedrock Capital. Thornton, a former MIT student, established Mach Industries as Sequoia's first investment in defense tech. The startupâs production strategy centers on using smaller factories to efficiently manufacture advanced military equipment, including the recently announced 'Strategic Strike' missile in collaboration with the Army Applications Laboratory.
Mach Industries, co-founded by 21-year-old Ethan Thornton, is set to secure a $100 million financing round led by Khosla and Bedrock Capital, valuing it at $470 million.
Mach's innovative approach includes developing vertical liftoff vehicles using small, easily built factories, enhancing production efficiency and meeting modern defense needs.
The company has been recognized for its ambitious goal of creating a vertical takeoff precision cruise missile called 'Strategic Strike,' selected by the Army Applications Laboratory.
With this new funding, Mach's total investment will reach approximately $185 million, following prior funding such as a $5.7 million seed round led by Sequoia.
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