Mach Industries, Sequoia Capital's first defense tech investment, has raised over $80 million since its founding in 2023.
The company faced a setback when a hydrogen gun prototype exploded, but has now pivoted away from hydrogen and is developing new weapons with the help of a safety team and funding from Sequoia.
Mach is working with the US military, building different kinds of weapons such as a cruise missile and a bomb called 'Glide', and has plans for a network of decentralized factories.
The ability to work with the federal government and build prototypes has contributed to the company's success in raising funds.