Rising star defense tech startup Mach Industries is raising $100 million, sources say

Defense technology founded by Ethan Thornton, New Investor, and the co-chair of the existing investor Bedrok capital, a source that a source familiar with Techcrunch

According to the source, the new tour company will estimate $ 470 million worth $ 470 million. However, the contract was not closed and the conditions may still change. The pleasant investor Keith Rabois, who led the bargain.

Mach Industries is a starting status with a noisy defense technology, its founding origin and a contact with Sequoia. Thornton was simply a teenager when Sequoia went out of the MIT, who found the Mach Industries with the first defensive technological investment.

Mach develops vertical lifting vehicles and weapons that can work from the edge of the earth. When more production is produced, smaller factories can be easily built and distributed.

In March, Mach Army Applications announced selected by the laboratory A vertical flight is called “Strategic Holiday” to develop an exact cruise missile. In addition, Huntington Beach announced plans for the first factory in a 115,000-square-meter factory in California.

This new financing must increase the overall financing of the beginning to about $ 185 million. Sequoia LED MACH was a $ 5.7 million seed round declared In June 2023. Geoff Lewis, Bedrock Capital’s founder, LED Mach’s A number of $ 79 million A few months later.