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

Mach Industries, defensive technology founded by 21-year-old Ethan Thornton, will soon close the new $ 100 million in financing led by a new Khosla investor and an existing Bedrock Capital investor, a source familiar with the contract tells Techcrunch.

The new circle will appreciate the company around $ 470 million, the source states. However, the contract has not closed and the conditions can still change. Khosla’s investor who runs the contract is Keith Rabois.

Mach Industries is Buzzy’s defense technological startup, a status launched by his story of founding origin and connection to Sequoia. Thornton was only a teenager when he gave up myth to find Mach Industries, which was the first investment in Tech Sequoia.

Mach develops vertical vehicles and weapons that can work from the edge of the space. It also develops fewer factories that can easily be built and distributed when more production is needed.

In March, Mach announced that he was chosen by the ARMY APPLICATIONS login lab In order to develop vertically precisely rocket missile rockets, he calls the “strategic strike”. He also announced plans for his first factory, the fact of the foot of 115,000 square meters in Huntington Beach, California.

This new funding should be brought to date with a total financing of startups to around $ 185 million. Sequoia led Mach’s $ 5.7 million seed circle, which was announced In June 2023. Geoff Lewis, founder of Bedrock Capital, led Machov 79 million dollars of a series in round A few months later.