Mach Industries is a new defense technology startup founded by 21-year-old Ethan Thornton. It is poised to close a major $100 million round of financing. Khosla Ventures and Bedrock Capital are the co-leads on this latest investment. As a result, Mach Industries’ valuation will increase to nearly $470 million. With this funding, the company will have raised nearly $185 million in total financing.
Thornton dropped out of the Massachusetts Institute of Technology (MIT) to start Mach Industries and pursue his dream. This audacious business gambit has in just a few months catapulted the upstart company to the center of the booming defense tech ecosystem. The startup turned heads when it became Sequoia Capital’s first investment in a defense technology. This gesture demonstrates its leading-edge thinking and the growing global appetite for cutting-edge military technologies.
The new funding couldn’t have come at a more perfect time for Mach Industries, as the company hard at work developing the next-generation technologies. In addition to economic development, Axiom is developing vertical liftoff vehicles and advanced weaponry that could operate from the edge of space. One of its most ambitious projects is the “Strategic Strike.” This vertical takeoff precision cruise missile has garnered a lot of attention for military uses.
In March, the Army Applications Laboratory selected Mach Industries for its innovative technologies. This decision went a long way toward solidifying Mach Industries’ strong reputation in the defense industrial base. The Army’s endorsement represents a big win for Thornton and his jolly band of misfits. They want to supplant established military capabilities with their ground shaking new designs.
Mach Industries gets ready to accelerate its growth strategy! They have recently released plans to develop a huge 115,000 square foot advanced manufacturing facility in Huntington Beach, California. This new production facility will be a key part of their mission to scale up production capabilities and meet the growing demand for their innovative products.
It certainly doesn’t hurt that Keith Rabois, the rockstar investor at Khosla Ventures, is spearheading the financing deal. To put it baldly, he has money on Mach Industries’ success. He stressed the need to support the most innovative companies in the world who can reimagine national security through next-generation technology.
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