{"id":17690,"date":"2025-05-02T02:53:44","date_gmt":"2025-05-02T02:53:44","guid":{"rendered":"https:\/\/fusionmindlabs.com\/blogs\/mach-industries-raises-100m\/"},"modified":"2025-05-02T02:53:44","modified_gmt":"2025-05-02T02:53:44","slug":"mach-industries-raises-100m","status":"publish","type":"post","link":"https:\/\/fusionmindlabs.com\/blogs\/mach-industries-raises-100m\/","title":{"rendered":"Mach Industries raises $100M"},"content":{"rendered":"\n<\/p>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">A source close to the deal has informed TechCrunch that Mach Industries, a defense technology company founded by 21-year-old Ethan Thornton, is nearing the completion of a $100 million financing round co-led by new investor Khosla and existing investor Bedrock Capital.<\/p>\n<p class=\"wp-block-paragraph\">According to the source, this new funding round will result in a company valuation of approximately $470 million. However, it&#8217;s worth noting that the deal has not yet been finalized and terms are still subject to change. Keith Rabois, a prominent investor at Khosla, is leading the investment.<\/p>\n<p class=\"wp-block-paragraph\">Mach Industries has garnered significant attention in the defense tech industry, largely due to its unique founding story and connection to Sequoia. At just a teenager, Thornton dropped out of MIT to establish Mach Industries, which marked Sequoia&#8217;s inaugural investment in the defense tech sector.<\/p>\n<p class=\"wp-block-paragraph\">The company is currently developing innovative vertical liftoff vehicles and space-based weaponry. Additionally, Mach Industries is working on designing compact, easily deployable factories that can be rapidly set up to meet increased production demands.<\/p>\n<p class=\"wp-block-paragraph\">In March, <a href=\"https:\/\/techcrunch.com\/2025\/03\/04\/mach-industries-founded-by-21-year-old-ethan-thornton-lands-us-army-contract-builds-weapons-factory\/\" rel=\"nofollow noopener\" target=\"_blank\">Mach Industries announced its selection<\/a> by the Army Applications Laboratory to develop a precision cruise missile, dubbed &#8220;Strategic Strike,&#8221; capable of vertical takeoff. The company also revealed plans for its first factory, a 115,000-square-foot facility located in Huntington Beach, California.<\/p>\n<p class=\"wp-block-paragraph\">This latest funding round is expected to bring the total amount of funding raised by Mach Industries to approximately $185 million. The company&#8217;s funding history includes a $5.7 million seed round led by Sequoia, <a rel=\"nofollow noopener\" href=\"https:\/\/www.sequoiacap.com\/article\/partnering-with-mach-a-new-generation-of-defense-technology\/\" target=\"_blank\">announced<\/a> in June 2023, and a $79 million Series A round led by Geoff Lewis, founder of Bedrock Capital, <a href=\"https:\/\/techcrunch.com\/2023\/10\/04\/defense-startup-mach-industries-closes-79m-series-a-at-335m-valuation\/\" rel=\"nofollow noopener\" target=\"_blank\">a few months later<\/a>.<\/p>\n<div class=\"wp-block-techcrunch-inline-cta\">\n<div class=\"inline-cta__wrapper\">\n<p>Techcrunch event<\/p>\n<div class=\"inline-cta__content\">\n<p>\n\t\t\t\t<span class=\"inline-cta__location\">Berkeley, CA<\/span><br \/>\n\t\t\t\t<span class=\"inline-cta__separator\">|<\/span><br \/>\n\t\t\t\t<span class=\"inline-cta__date\">June 5<\/span>\n\t\t\t<\/p>\n<p>\t\t\t<a href=\"https:\/\/techcrunch.com\/events\/tc-sessions-ai\/exhibit\/?promo=tc_inline_exhibit&amp;utm_campaign=tcsessionsai2025&amp;utm_content=exhibit&amp;utm_medium=ad&amp;utm_source=tc\" class=\"inline-cta__register-button\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n\t\t\t\t<span>BOOK NOW<\/span><br \/>\n\t\t\t<\/a>\n\t\t<\/div><\/div>\n<\/div>\n<\/div>\n\n<br \/><a href=\"https:\/\/techcrunch.com\/2025\/05\/01\/rising-star-defense-tech-startup-mach-industries-is-raising-100-million-sources-say\/\" rel=\"nofollow noopener\" target=\"_blank\">Source Link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A source close to the deal has informed TechCrunch that Mach Industries, a defense technology company founded by 21-year-old Ethan Thornton, is nearing the completion of a $100 million financing&#8230;<\/p>\n","protected":false},"author":0,"featured_media":8091,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[218,5087],"class_list":["post-17690","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-defense-tech","tag-mach-industries"],"jetpack_featured_media_url":"https:\/\/fusionmindlabs.com\/blogs\/wp-content\/uploads\/sites\/9\/2025\/03\/EthanThornton5.jpg","_links":{"self":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/17690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/comments?post=17690"}],"version-history":[{"count":0,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/17690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media\/8091"}],"wp:attachment":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media?parent=17690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/categories?post=17690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/tags?post=17690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}