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Defense technology startup Mach Industries raises $100M
- Defense technology startup Mach Industries has secured $100 million in Series B funding led by Khosla Ventures and Bedrock, with participation from other investors like Sequoia Capital, valuing the company at $470 million.
- Mach Industries produces hardware systems for the defense sector, including jet-powered UAVs Viper, Glide, and Stratos.
- The company operates a 115,000-square-foot factory in Huntington Beach, known for rapid retooling capabilities, allowing quick design changes.
- The factory specializes in producing unmanned aircraft components and will also manufacture partner-developed hardware like hydrogen-powered aircraft.
- Mach Industries will establish a new manufacturing hub through its subsidiary, Mach Propulsion, to supply jet engines for UAVs, targeting an annual production of 12,000 engines.
- The company plans to produce microturbines at its factory, which are used in drones, data center cooling, hybrid vehicles, and other applications.
- The recent funding will expedite the company's manufacturing expansion and enhance efficiency by deploying production capacity closer to customers.
- Mach Industries intends to broaden its product range with new systems, such as a propulsion engine.
- The defense technology sector has seen significant investments, including Archer Aviation securing $850 million and Anduril Industries closing a $2.5 billion round.
- The company aims to capitalize on the funding to scale its manufacturing operations and expand its product offerings.
- Mach Industries' focus on innovation and strategic partnerships positions it for growth in the defense technology market.
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