Defense tech startup Mach Industries raises $100 million at $470 million valuation led by Khosla Ventures and Bedrock Capital, with participation from Sequoia.
This funding round brings Mach's total raised amount to around $185 million.
Mach Industries, founded by CEO Ethan Thornton in 2023, has seen rapid growth and secured notable contracts in the defense tech sector.
The company has developed weapons systems like Viper, Glide, and Stratos, along with securing contracts and opening a factory in California.
Mach aims to create weapons for long-range strikes, catering to the evolving landscape of warfare and AI advancements.
Thornton acknowledges the responsibility of developing weapons in a time of AI progress and global political unrest.
The startup collaborates with national defense decision-makers and plans to enhance manufacturing and develop new products with the fresh funding.